Tariff on Apple Chargers and Cases Jumps, Now at 25%

[RevTEG]

1. It’s not ripping us off if Americans want products made in China more than China wants US made goods

2. If it’s not made in China, where the cost of labor is lower than in the US, it would be made elsewhere because that’s how capitalism works

3. Never trust a man about financial and economic matters when he’s filed more bankruptcies than 99.9% of the population

He's also worth more than 99.9% of the population. When I catch up with him, I'll offer him business advice. Just making a point, not defending anything. No matter how much people don't like him, he knows business. Just look how many times the Stockmarket has set new all time records since he's been in office. Which has benefited many of us. However, I just cant seem to like him as a human... Which is not good for my life "profession". lol

 

[SoYoung]

Trump is an imbecile, and so are his followers. Not judging , just stating facts.

This. I'm not american, and I don't know if Trump followers know, but the USA have a really bad reputation since Trump is there. He fraud the election, he's a bully itself and he hurts his own economy with his own stupid decisions that affect not only his county, but others as well. And when you want to confront his followers, all they can say is fake news. If Trump have one quality (and a major one) is are good he are to brainwash people with all the lies he make and intimidate people who oppose him. He's a big part of why the whole world is not going very well right now.

 

[hagar]

Trump needs to stick to his guns. Tired of China ripping us off.

So how will China not “rip you off” now that you need to pay more taxes to the US government? Just asking.

Raise the price on US customers only, Tim Apple.

It would be very weird if they used this to raise prices elsewhere for this.

Chinese tariffs on American made goods have been massive compared to our tariffs on their products.
We haven’t even leveled the playing field with our new tarries.
Not saying I agree with the new Trump tarrifs but the inequity needs to be, well, more equitable.

American companies jumped on the opportunity for decades to flee the US and produce cheaper over seas. And American customers happily reaped the benefits by buying cheap made in China stuff. It’s a bit hypocritical to now complain they’re ripping you off while you used them for cheap slave labour, ignoring human rights, causing massive pollution and environmental destruction and so many other issues. While wearing your made in China MAGA hat.

You paying more to the US government from now on will not change any of this.

 

[manu chao]

Yes, let’s continue to let China rip us off (500 billion per year) in trade so we can buy cheaper trinkets.

You realise that a trade deficit simply means than the U.S. gets $500 billion more in goods per year from China than it has to send there? That the U.S. thus can consume $500 billion more in goods per year than it produces?

Or that if country A collectively decides to save more than it produces, it has to put those savings somewhere. And when it wants to store those savings in the World’s most important reserve currency, the U.S. Dollar, this means buying U.S. treasuries, corporate bonds, or directly lending money to American banks. And what does an economy do if there is an influx of foreign money? It uses it to buy goods (and services) from the country(ies) the money is coming from, which closes the cycle.

As long as the U.S. Dollar is the world’s reserve currency, any savings surpluses elsewhere will flow by definition to the U.S. to a large extent and will be automatically balanced by a trade deficit. That is economics 101. America can raise import tariffs all it wants, as long as others keep converting their savings into Dollars, that will simply push up the value/exchange rate of the Dollar, thus negating the effect of the import tariffs.
[doublepost=1557818342][/doublepost]

This. I'm not american, and I don't know if Trump followers know, but the USA have a really bad reputation since Trump is there. He fraud the election, he's a bully itself and he hurts his own economy with his own stupid decisions that affect not only his county, but others as well. And when you want to confront his followers, all they can say is fake news. If Trump have one quality (and a major one) is are good he are to brainwash people with all the lies he make and intimidate people who oppose him. He's a big part of why the whole world is not going very well right now.

Trump is genius at one thing and one thing only: Deceiving others.

 

[hagar]

You realise that a trade deficit simply means that the U.S. gets $500 billion more in goods per year from China that it has to send there? That the U.S. thus can consume $500 billion more in goods per year than it produces?

Or that if country A collectively decides to save more than it produces, it has to put those savings somewhere. And when it wants to store those savings in the World’s most important reserve currency, the U.S. Dollar, this means buying U.S. treasuries, corporate bonds, or directly lending money to American banks. And what does an economy do if there is an influx of foreign money? It uses it to buy goods (and services) from the country(ies) the money is coming from, which closes the cycle.

As long as the U.S. Dollar is the world’s reserve currency, any savings surpluses elsewhere will flow by definition to the U.S. to a large extent and will be automatically balanced by a trade deficit. That is economics 101. America can raise import tariffs all it wants, as long as others keep converting their savings into Dollars, that will simply push up the value/exchange rate of the Dollar, thus negating the effect of the import tariffs.
[doublepost=1557818342][/doublepost]
Trump is genius at one thing and one thing only: Deceiving others.

Congrats on using facts to make a point. It’s refreshing. Too bad facts are complex, more often than not. Definitely more complex than an empty whiny slogan like “they’re ripping us off”. Trump and co are very good in using the tried and proven tactic to create an enemy and shifting blame.

 

[Agit21]

China is not playing along nicely.

- No App Store on android devices
- Facebook and Google non existent in China.
- Apple losing marketshare to copycats
- Intellectual theft
- High tarifs on Western goods

 

[hagar]

China is not playing along nicely.

- No App Store on android devices
- Facebook and Google non existent in China.
- Apple losing marketshare to copycats
- Intellectual theft
- High tarifs on Western goods

True. And you paying more to the US government will fix this how?

 

[magicschoolbus]

China is not playing along nicely.

- No App Store on android devices
- Facebook and Google non existent in China.
- Apple losing marketshare to copycats
- Intellectual theft
- High tarifs on Western goods

Exactly. People are so short sighted.

 

[fairuz]

Yeah, when the adapter that was $29 is now $39... tired of winning yet? He’s off to play golf with Rush Limbaugh at our expense.

No it's not.

Thus far, Apple and its suppliers have absorbed the additional 10 percent fee on Apple accessories and prices have not gone up, but with tariffs now at 25 percent, it's not yet clear if Apple will continue to eat the extra cost.

This oughtta be a lesson to everyone who thinks supplier costs go straight into the price. But there's solid theory behind it too.

I'm not gonna comment on Trump's recent action at all cause I haven't followed the news. Last I checked, I disliked the guy enough that he's probably not redeemed himself.
[doublepost=1557822828][/doublepost]

China is not playing along nicely.

- No App Store on android devices
- Facebook and Google non existent in China.
- Apple losing marketshare to copycats
- Intellectual theft
- High tarifs on Western goods

Also pollution. These are legit reasons to raise tariffs. I'd not be surprised if China were guilty enough to deserve this and more. "They're taking our jobs" is not a good reason, though.
[doublepost=1557823164][/doublepost]

Yes, let’s continue to let China rip us off (500 billion per year) in trade so we can buy cheaper trinkets.

Rip us off how, by offering cheap stuff? That's how trade works. The US is the wealthiest nation, but you're only wealthy if you can buy things from poorer people/countries.

Here in Silicon Valley, people are wealthy by national average, but they aren't much better off because they can't buy everything from outside, especially land.

 

[szw-mapple fan]

Yes, let’s continue to let China rip us off (500 billion per year) in trade so we can buy cheaper trinkets.

You do realize that a large portion of that is how global trade and manufacturing works right? If a display made in Japan, the glass made in the US, batteries made in China, and semiconductors made in Korea are used in China to make a phone, the total cost of that phone is added to China's total exports, not just the battery. China also makes cheap raw materials like steel that end up making American manufacturing cheaper and more competitive overseas. This is what makes supply chains so effective and products affordable. The losses either evens out or is in favor of the U.S. on a global scale.

 

[hagar]

Exactly. People are so short sighted.

Exactly, Can you believe there are people out there who think that US customers paying higher taxes to the US government will somehow fix all this?

 

[fairuz]

This. I'm not american, and I don't know if Trump followers know, but the USA have a really bad reputation since Trump is there. He fraud the election, he's a bully itself and he hurts his own economy with his own stupid decisions that affect not only his county, but others as well. And when you want to confront his followers, all they can say is fake news. If Trump have one quality (and a major one) is are good he are to brainwash people with all the lies he make and intimidate people who oppose him. He's a big part of why the whole world is not going very well right now.

Trump is dangerously bad, but luckily, his fanbase is gone now from what I've seen. I'm pissed enough with the Democrats too. Clinton was an insult, and they made a mockery of themselves with all these accusations that Trump rigged the election. If he's done any good, it's that he humiliated them.

The US is doing great, and we're used to people hating us. The rest of the world sucking isn't Trump's fault. Europe is still stuck in the old times with socialism, and they're in for some rough battles up ahead. The Middle East has a million problems, half of them their own fault, and they'd still be a mess even if the US hadn't interfered. It's a topic of interest and casual research for me, and shockingly, the fictional movie Lawrence of Arabia actually summed it up accurately. IDK much about East Asia.

You know what'll suck, though, is when pollution becomes a real emergency after Trump planted this denialism nonsense here. He's loaded the courts with enough people to make the government not a viable way to stop it. Democrats respond just by calling people idiots, so I blame them about equally for making people not trust science. Like, if you want to convince people about human-caused climate change, don't act like a shill.

 

[jagolden]

So how will China not “rip you off” now that you need to pay more taxes to the US government? Just asking.



It would be very weird if they used this to raise prices elsewhere for this.



American companies jumped on the opportunity for decades to flee the US and produce cheaper over seas. And American customers happily reaped the benefits by buying cheap made in China stuff. It’s a bit hypocritical to now complain they’re ripping you off while you used them for cheap slave labour, ignoring human rights, causing massive pollution and environmental destruction and so many other issues. While wearing your made in China MAGA hat.

You paying more to the US government from now on will not change any of this.

You, of course, completely side-stepped what I wrote. Please address the historical tariff inequity. If you’re going to quote me, stay on topic.
Oh yeah, don’t wear a MAGA hat and certainly did not vote for him.

 

[hagar]

Trump is dangerously bad, but luckily, his fanbase is gone now from what I've seen. I'm pissed enough with the Democrats too. Clinton was an insult, and they made a mockery of themselves with all these accusations that Trump rigged the election. If he's done any good, it's that he humiliated them.

The US is doing great, and we're used to people hating us. The rest of the world sucking isn't Trump's fault. Europe is still stuck in the old times with socialism, and they're in for some rough battles up ahead. The Middle East has a million problems, half of them their own fault, and they'd still be a mess even if the US hadn't interfered. It's a topic of interest and casual research for me, and shockingly, the fictional movie Lawrence of Arabia actually summed it up accurately. IDK much about East Asia.

You know what'll suck, though, is when pollution becomes a real emergency after Trump planted this denialism nonsense here. He's loaded the courts with enough people to make the government not a viable way to stop it.

Your view on the world is fascinating. I’m very happy to be born in Western Europe, where living standards are the highest in the world, thanks to “old fashioned” socialism. Free healthcare, free education, ... maybe you should give it try. Granted, we have many other issues, including the rise of nationalism (partially thanks to the example Trump set) and immigration.

And you do know why the rest of the world hates the US? Because you interfere everywhere out of self interest and then let the situation escalate. American imperialism at its best. It has always been America First.

You’re right though on the environment: your political system is bankrupt and your priorities are all messed up. We have elections coming up and climate change is one of the biggest voting points here, while you keep playing the blaming game. Do yourselves a favour and start a third political party. It would shift dynamics.

 

[SBlue1]

Trump needs to stick to his guns. Tired of China ripping us off.

What? I am confused... Did American companies force them with guns to their heads to make products as cheap as they can? Or did American consumers buy cheap products in boatloads by threatening them in any way?

You can buy your rocking chair from china for $50 or happily buy the locally made one for $200. You as a consumer are making the decision. Vote with your wallet and buy on your local market or the main street. But don't talk like that and then go to Wallmart and buy cheap.

There are millions of Americans who don't care to buy locally or just can't afford to. For them the rocking chair is gonna be $62,50 now. They will still not buy the $200 US made rocker. So the only thing your president does is taxing his own hard working middle class Americans. Yeah, you people are winning hard. Or in the words of your president you are winning biggly.

 

[neuropsychguy]

MAGAts reaping what they sow.

This is an area where there is bipartisan support in Congress. While many Republicans and Democrats might disagree with specific the administration’s methods, we do need renegotiated trade with China.

 

[kis]

True. And you paying more to the US government will fix this how?

Nope, but it will help finance the upcoming Iran war. Trump desperately needs a war to get re-elected.

As the US have lost pretty much all of their international partners, nobody will lend them more money. Which is going to be a bit of an issue as that war is going to cost trillions again.

Also: to the Trump voters: your president has achieved what literally no other country on the planet has ever done - the world now hates you more than Iran. That is probably Trump’s greatest achievement (and I have to admit that wasn’t easy to do)

 

[kis]

Trump is dangerously bad, but luckily, his fanbase is gone now from what I've seen. I'm pissed enough with the Democrats too. Clinton was an insult, and they made a mockery of themselves with all these accusations that Trump rigged the election. If he's done any good, it's that he humiliated them.

The US is doing great, and we're used to people hating us. The rest of the world sucking isn't Trump's fault. Europe is still stuck in the old times with socialism, and they're in for some rough battles up ahead. The Middle East has a million problems, half of them their own fault, and they'd still be a mess even if the US hadn't interfered. It's a topic of interest and casual research for me, and shockingly, the fictional movie Lawrence of Arabia actually summed it up accurately. IDK much about East Asia.

You know what'll suck, though, is when pollution becomes a real emergency after Trump planted this denialism nonsense here. He's loaded the courts with enough people to make the government not a viable way to stop it. Democrats respond just by calling people idiots, so I blame them about equally for making people not trust science. Like, if you want to convince people about human-caused climate change, don't act like a shill.

Mark my words: he WILL get re-elected and might just get a third term as well as he’ll be working very hard to change the constitution in this respect.

The problem is: the Democrats can’t make up their minds, don’t have a clear and common agenda and their most promising candidate is too old and apparently likes to inappropriately touch women just as much as your current president.

 

[kis]

This is an area where there is bipartisan support in Congress. While many Republicans and Democrats might disagree with specific the administration’s methods, we do need renegotiated trade with China.

No, all of the Western civilization needs to realize that China’s Long March won’t be over until the entire planet speaks Chinese. We don’t need to negotiate, we need to stop trade with China altogether. But since Trump is busy enriching himself and trying to get re-elected by any means, there’s no international dialog on this at all. Instead, the US’ weakness has led to Europe developing its own agenda and, unfortunately, they need a strong economic partner. As the US isn’t that anymore and Russia can be trusted even less than China, they’re actively courting the Chinese now.

 

[hagar]

It’s a realistic possibility the US economy will go into a recession when China raises taxes on US products as a response to Trump’s actions. So the US might shoot itself right in the foot here. And frankly, the only thing that might prevent Trump from being re-elected is a recession. So, bring it on Trump!

 

[LovingTeddy]

Trump is dangerously bad, but luckily, his fanbase is gone now from what I've seen. I'm pissed enough with the Democrats too. Clinton was an insult, and they made a mockery of themselves with all these accusations that Trump rigged the election. If he's done any good, it's that he humiliated them.

The US is doing great, and we're used to people hating us. The rest of the world sucking isn't Trump's fault. Europe is still stuck in the old times with socialism, and they're in for some rough battles up ahead. The Middle East has a million problems, half of them their own fault, and they'd still be a mess even if the US hadn't interfered. It's a topic of interest and casual research for me, and shockingly, the fictional movie Lawrence of Arabia actually summed it up accurately. IDK much about East Asia.

You know what'll suck, though, is when pollution becomes a real emergency after Trump planted this denialism nonsense here. He's loaded the courts with enough people to make the government not a viable way to stop it. Democrats respond just by calling people idiots, so I blame them about equally for making people not trust science. Like, if you want to convince people about human-caused climate change, don't act like a shill.

Ask anyone outside of United States which has old time socialism system. Ask them how they enjoy their free healthcare, free education and free highway system. It is great to not fear bankruptcy because of sickness.
[doublepost=1557836596][/doublepost]

Hoe many investors and Hedge Fund companies in the US made money because Apple’s stock price went up due to earnings and sales? The money from Apple’s expansion in the US which put American people to work which in return paid taxes to the government came from where..? Not just Apple, you for Dell,Thinkpads,HP,etc..

Simple question. If all American companies were to pull out of China, where do you think they go for manufacturing?

Let us just assume if they all going back to United States, would you work for equivalent wages that were offered to Chinese? Let me tell you it is not much. Will you willing to work for $1 per day? No. You would fight for the minimum wage, wouldn’t you? So how do corporation maintain profit while not jack up the price so ridiculously high?

The answer is robots. Huge part of the manufacturing will be done by robots. No wage, no health insurance, no work place injury...

So even if all manufacturing job somehow come back, it won’t suddenly keep everyone employed. Low skill labor will still unable to find job, just like it used to be.

So, when China goes down. Next will be some Asian country again. We went from Japan to China, then eventually will be some other Asian country.

 

[senseless]

I don't follow who is paying what for the tariffs. If the price paid at the port by the importer is $1, wouldn't the tariff be 25¢, even if the retail price down the line is $20? Are tariffs normally marked up with the product cost multiple times? What if shipping costs go up? Are those shipping costs typically marked up multiple times or is it just passed through as a fixed charge?

 

[BootsWalking]

Yes, let’s continue to let China rip us off (500 billion per year) in trade so we can buy cheaper trinkets.

So let me get this straight. China sends us $500B more stuff every year than they require us to send them in return and they're the ones ripping us off?

Milton Friedman spoke about that absurd thinking:

 

[xraydoc]

Our country has been digging itself into a hole for the past two decades. Glad that we’ve finally got a leader who’s willing to deal with all this garbage, make some tough decisions and do what it takes to get us back out of this hole. I just hope the American people aren’t so spoiled and lazy at this point that they can no longer pull themselves up by their bootstraps, cinch their belts and work through things when they really need to. America IS becoming great again.

I’m not sure that being forced to cinch one’s belt means we’re great again.

 

[cube]

So the offshorers were given massive tax breaks and consumers now have to pay massive tariffs?