Yes. Apple was not ready 8 years ago but it seems it is now. Plus Tim has a great relationship with Trump. Trump recently even called Tim Cook a better ceo than Jobs. He has total respect for Tim.
That, pat on the back means nothing to the average American consumer when they have to buy something taxed at a higher price, one thing is for sure with the local administration, the EU, China, and all the various other countries with their hands out Tim Cook and his management team are going to earn every penny of what they make.
Almost all of it comes in the form of new taxes from every government in the world. ironic……. New World, same as the old.
Apple will be fine, it's the regular consumers who will suffer as a result. The less money you have the more this will impact you.
Not so fast. Adding $90b federal sales taxes (lovely concept) on US consumers will reduce spending causing unemployment and even less spending. Companies might take some of the impact but that will simply cause those companies to reduce staff (=more unemployment) or reduce returns to stock owners (that will then invest less). And those unemployed EU auto workers and farmers obviously won't buy products even if Apple products are not more expensive.
I fully support tariffs to avoid subsidized products from destroying competition. But tariffs going beyond that will hurt us all - Apple included.
FYI: the current trade agreement with China (and with North America) was negotiated by the first Trump administration. So if Trump wants another “trade war” it’s over his own deals.
The world has changed since the 45th administration took office regardless of whether you (or anyone else) like it or not.
The incoming administration will do what's best today and looking forward, just like the decisions you make tomorrow might be different than ones you made when you were 22.
Not all change is good but for sure no presidential administration can keep running things the way they have been done four, forty, or four hundred years ago. I would have hoped this would be obvious by now.
The one thing I haven't heard in the last week is that the election was rigged simply because the person someone voted for didn't win. Funny how some people think a free and fair election should only work in one direction.
Not my choice, but if the people overwhelmingly want a felon, rapist, and treasonous conman to steal even more money from then country, hurt their future and freedoms, and destroy America's position in the world then so be it. That's how a democracy works, for better or worse.
"The government you elect is the government you deserve." - Thomas Jefferson
I feel that way sometimes. Other times I feel like our system for selecting political leaders is flawed, and those flaws are not the fault of ordinary folks. They are stuck inside the system that exists and they cannot easily change it.
I also think that many of the flaws in our system developed over time, as changes were made based on magical thinking about democracy and the inherent wisdom of the American people. The framers of the constitution had a healthy fear of mob mentality and tried very hard to devise a system that avoided the pitfalls of democracy while still trying to operate in the best interest of the people. The framers intended a representative republic, not direct democracy. Citizens should choose representatives from among candidates that they know well. Those representatives should, in turn, choose the president and other key leaders from among candidates they know well. That's how the electoral college was meant to work. The original setup might have had some flaws, but instead of addressing those flaws in a way that would move us closer to the framers' intent, we addressed them in a way that moved us away from the framers' intent.
My hope is that the educated elite are forced to let go of their magical thinking about direct democracy and come to appreciate the wisdom of the framers. If they can do that, then maybe we will eventually be able to make progress towards fixing our broken system.
The us system seems very easy to change “turn up and vote” if people use their franchise the players will need to adapt to the game.
Reciprocity is a feature of international relations. That’s why tariffs lead to “trade wars”. When the US sets tariffs on Chinese goods, China will reciprocate with tariffs on US goods, aiming them at sectors that do the most harm to the US. For example, pork or rice farmers. Cue collapsing US exports, and the government will be forced to pay subsidies to placate the angry farmers. Plus your import tax revenues (on goods whose consumption you’ve just suppressed) will never cover your export losses. Don’t believe me? It happened the last time.
Comments
Almost all of it comes in the form of new taxes from every government in the world. ironic……. New World, same as the old.
Companies might take some of the impact but that will simply cause those companies to reduce staff (=more unemployment) or reduce returns to stock owners (that will then invest less). And those unemployed EU auto workers and farmers obviously won't buy products even if Apple products are not more expensive.
I fully support tariffs to avoid subsidized products from destroying competition. But tariffs going beyond that will hurt us all - Apple included.