Reminder: empty grandiose statements with no actual content beyond hero worship are not allowed. They don't add to the conversation since they do not build on context. They offer no new information beyond how much you like something. Such posts will be removed.
The opposite is true. Posts that exist only make fun of the opposition with zero context to the discussion at hand will be removed.
Can AI please stop using the word 'reciprocal' in describing these tariffs, or at least put it in scare quotes? There's nothing reciprocal about Trump's "reciprocal" tariffs, it's just another instance of Orwellian language perversion.
Now China is halting exports of certain rare earth metals and magnets. They have a monopoly on them, and the US needs them. I'm sure @9secondkox2 ; will tell us how this was all part of Trump's brilliant master plan as well. He has our best interests at heart, and has thought all this stuff through, you know. Don't you fret. Everything's fine.
Pretty sure the current admin is prepared for chin to pull every last one of their cards.
Really? So what's the plan to supply our military with essential rare earth magnets now that China has cut off the supply, to say nothing of the other U.S. industries that need them?
I was watching a YT discussion and they spoke about how Geenland has rare minerals that China is currently supplying, not sure about rare earth magnets, but it seems that this admin is expecting to further the altercations with China and are already planning their alternatives. Lunatics!!
The tariff game sort of makes sense in its destructive chaos. I do not like it one bit, but there is some method in the madness.
Ensuring that chips, electronics and other increasingly strategic products have a geopolitically diverse footprint makes perfect sense. There is a huge concentration risk at present which does not help anyone other than China.
Short term we will stumble and make mistakes brining these processes back to the US and Europe. That is ok and normal for any large transition. But a change like this does not happen on the Trump time scale, but if Trump does not blowtorch the industry to move then it will likely never do so.
Love him or hate him - Elon Musk’s Tesla is the most geopolitically resilient company from a supply chain standpoint. Very few other companies are.
I want to see a future where high tech is manufactured and invented in hubs of awesome across the globe. We are in the very early stages of spinning up the robots economy and why on earth should a small island off the coast of China be a single point of failure and why should mainland China be a single point of failure for such a large quantity of goods when many other countries can do the same work to build planet wide resilience.
Can AI please stop using the word 'reciprocal' in describing these tariffs, or at least put it in scare quotes? There's nothing reciprocal about Trump's "reciprocal" tariffs, it's just another instance of Orwellian language perversion.
In this case I agree. But I concede it’s a bit tricky for publications to deal with this sort of thing. Take the Inflation Reduction Act as an example. That is the name of the act, and there are things in it that might eventually reduce inflation (maybe), but there was no way it was going to reduce the inflation that existed at the time of its passing. So how should publications handle something like that? Maybe prefacing with “so-called” or using scare quotes is the best feasible option, but it is tough to be consistent with it
blastdoor said: Take the Inflation Reduction Act as an example. That is the name of the act, and there are things in it that might eventually reduce inflation (maybe), but there was no way it was going to reduce the inflation that existed at the time of its passing.
The Inflation Reduction Act included the ability for Medicare to negotiate drug prices and also lowered Affordable Care Act premiums for Americans that qualified (millions). You can't deny that health care has a lot of inflation and that both of those things would lower prices for a significant number of Americans.
The tariff game sort of makes sense in its destructive chaos. I do not like it one bit, but there is some method in the madness.
Ensuring that chips, electronics and other increasingly strategic products have a geopolitically diverse footprint makes perfect sense. There is a huge concentration risk at present which does not help anyone other than China.
Short term we will stumble and make mistakes brining these processes back to the US and Europe. That is ok and normal for any large transition. But a change like this does not happen on the Trump time scale, but if Trump does not blowtorch the industry to move then it will likely never do so.
Love him or hate him - Elon Musk’s Tesla is the most geopolitically resilient company from a supply chain standpoint. Very few other companies are.
I want to see a future where high tech is manufactured and invented in hubs of awesome across the globe. We are in the very early stages of spinning up the robots economy and why on earth should a small island off the coast of China be a single point of failure and why should mainland China be a single point of failure for such a large quantity of goods when many other countries can do the same work to build planet wide resilience.
So why does Trump want to cancel the Chips & Science Act? Why is tree no cognizance of the amount of time it will take to move production of cutting edge chips to the U.S.? Why tariff the countries making the equipment used to make chips? There’s no sense in this destructive chaos. It’s Trump being transactional and trying to get as many parties to the table as possible, but not to create constructive policy or trade partnerships. He’s doing this as a means to garner brides got himself and his cronies. It’s a power grab, without concern for the destruction done to America’s position in the world.
The tariff game sort of makes sense in its destructive chaos. I do not like it one bit, but there is some method in the madness.
Ensuring that chips, electronics and other increasingly strategic products have a geopolitically diverse footprint makes perfect sense. There is a huge concentration risk at present which does not help anyone other than China.
Short term we will stumble and make mistakes brining these processes back to the US and Europe. That is ok and normal for any large transition. But a change like this does not happen on the Trump time scale, but if Trump does not blowtorch the industry to move then it will likely never do so.
Love him or hate him - Elon Musk’s Tesla is the most geopolitically resilient company from a supply chain standpoint. Very few other companies are.
I want to see a future where high tech is manufactured and invented in hubs of awesome across the globe. We are in the very early stages of spinning up the robots economy and why on earth should a small island off the coast of China be a single point of failure and why should mainland China be a single point of failure for such a large quantity of goods when many other countries can do the same work to build planet wide resilience.
I go along with the supplier diversification challenge, but that’s always been a problem with all forms of production, manufacturing, energy, raw materials, natural resources, mining, fishing, farming, … you name it. I can’t easily come up with a continent, region, country, city, town, or village outside of perhaps a few undiscovered tribes in the Amazon rainforest that are totally self sufficient. Trade has existed as long as humans have existed, even if it’s internal.
The issue I have with the theory that cutting off or greatly restricting trade forcing a country like the United States to develop homegrown alternatives doesn’t make sense outside of wartime. Even then, the more expedient approach would be to find alternative friendly sources while sorting out what it takes to build out the homegrown solution, especially when you have the luxury of time.
Maybe I’m overthinking it, but whenever I’m faced with knowing that one source of anything at all that is a necessity is going to no longer be available, whether imposed on me or by choice, I will plan ahead and make sure that I’m not going to starve to death or lose my shirt during the transition or disruption. I’ve found that planning is generally a very good idea, kind of like aiming before firing.
Over course of my career I’ve changed jobs a few times, but I always made sure I had a new job before quitting the old job. Maybe it’s just me, but it always worked out very well. I’ve also changed career paths, but again I made sure I was prepared for the transition before I made the change.
I know it sounds like old school business and management blah blah blah, but the saying “those who fail to plan - plan to fail” wasn’t pulled out of the air or a fortune cookie. It has sound logic behind it, especially when you’re talking about hundreds of millions of lives and multiple trillions of dollars.
The US and Global Economy is not a reality show with fake scenarios, fabricated conflicts, and washed up D rated actors who can’t even get cat litter commercials. Real damage is being done to real people. Treating it like a reality show is beyond stupidity. Those who are playing these games have no concern about who loses everything while they skip away and roll around in mountains of money. Their futures are not at risk. Many of them will be dead in less time than it will take for the US to attain mediocre duplicates of what the current government is destroying.
I often think that we truly are living in a reality show. The American people are simply unpaid extras, stage hands, or audience members.
The Bond Market Vigilantes can, did and will continue to stop Trumps Tariffs. The bond market dictates to Trump what he can or can’t do. It’s as simple as that. Forget the 3 branch govt checks and balances the bond market is the real checks and balances and it will save us from the Trump administration insanity. Bless the bond market!
Comments
The opposite is true. Posts that exist only make fun of the opposition with zero context to the discussion at hand will be removed.
Ensuring that chips, electronics and other increasingly strategic products have a geopolitically diverse footprint makes perfect sense. There is a huge concentration risk at present which does not help anyone other than China.
Short term we will stumble and make mistakes brining these processes back to the US and Europe. That is ok and normal for any large transition. But a change like this does not happen on the Trump time scale, but if Trump does not blowtorch the industry to move then it will likely never do so.
Love him or hate him - Elon Musk’s Tesla is the most geopolitically resilient company from a supply chain standpoint. Very few other companies are.
I want to see a future where high tech is manufactured and invented in hubs of awesome across the globe. We are in the very early stages of spinning up the robots economy and why on earth should a small island off the coast of China be a single point of failure and why should mainland China be a single point of failure for such a large quantity of goods when many other countries can do the same work to build planet wide resilience.