President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors.
This is not semantics. The statement was “this will only affect goods manufactured in the US”. No amount of semantics will make that correct.
Otherwise yes, I agree.
To expand slightly, I don’t think tariffs are a inherently a bad idea. As part of a larger plan (in tandem with Biden’s “build back better” financial incentives and other measures) they can be effective. Yes, they will increase prices. That’s going to happen simply because the US generally doesn’t exploit exploit cheap/slave labor. At least nowhere near the level of China. In the long term, theoretically, it brings jobs back to America and the median income increases. If you want to talk about affordability there are an infinite number of ways to improve that as well.
However, the way Trump has implemented them is haphazard, lazy, and unclear. Without even a concept of a plan. And the next President could very well wipe them all out overnight, thereby fucking any factories that made the decision to migrate. So yeah, they will absolutely fail.
This is not semantics. The statement was “this will only affect goods manufactured in the US”. No amount of semantics will make that correct.
Otherwise yes, I agree.
To expand slightly, I don’t think tariffs are a inherently a bad idea. As part of a larger plan (in tandem with Biden’s “build back better” financial incentives and other measures) they can be effective. Yes, they will increase prices. That’s going to happen simply because the US generally doesn’t exploit exploit cheap/slave labor. At least nowhere near the level of China. In the long term, theoretically, it brings jobs back to America and the median income increases. If you want to talk about affordability there are an infinite number of ways to improve that as well.
However, the way Trump has implemented them is haphazard, lazy, and unclear. Without even a concept of a plan. And the next President could very well wipe them all out overnight, thereby fucking any factories that made the decision to migrate. So yeah, they will absolutely fail.