foregoneconclusion
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European Union smacks Apple with $2 billion fine over music streaming
avon b7 said:This is part of what the EU had to say:
"Today's decision concludes that Apple's anti-steering provisions amount to unfair trading conditions, in breach of Article 102(a) of the Treaty on the Functioning of the European Union (‘TFEU'). These anti-steering provisions are neither necessary nor proportionate for the protection of Apple's commercial interests in relation to the App Store on Apple's smart mobile devices and negatively affect the interests of iOS users, who cannot make informed and effective decisions on where and how to purchase music streaming subscriptions for use on their device. -
Trump gives Apple a giant break with wide-ranging tariff exemptions
This is additional proof that Trump's claim of an "economic emergency" that gives him the power to levy tariffs through the IEEPA has no basis in reality. Add to that the fact that the IEEPA was intended by Congress to give the executive branch the power to do sanctions on foreign governments (freeze assets/seize property) and not to control domestic economics through tariffs and the whole things is a complete farce. -
Apple engineers lack optimism about the Apple TV strategy, claims report
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U.S. Senate's App Store reform bill debate set for Thursday
A. Psystar lawsuit: verdict was that Apple's hardware cannot be considered a monopoly unto itself. Apple could limit installation of its operating systems to its own hardware and could not be forced to allow 3rd parties to install it on Mac clone systems they were selling to the general public.
B. BlueMail lawsuit: dismissed by judge due to BlueMail's success on alternate platforms with the same app. That success (which BlueMail touted in their own marketing) was considered proof that Apple's control of the App Store did not rise to the level of an anti-trust issue. BlueMail was not dependent on the App Store.
C. Epic lawsuit: verdict did not conclude that federal anti-trust laws had been violated.
Obviously, Congress can still pass legislation that regulates the App Store regardless of those rulings, but they can't honestly claim it's due to anti-trust issues. The anti-trust claims have failed over and over again in court per Apple's control of its hardware/OS/store. -
Amazon denies it had plans to be clear about consumer tariff costs
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Trump's tariffs could drive up iPhone prices by about 10%
dominikhoffmann said: Let’s not bitch about a 10% tariff, when the last four years brought us > 25% inflation on groceries, which make for a much larger proportion of a family’s budget than an iPhone or two a year.
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How Tim Cook gets Trump to help Apple
libertyandfree said:DAalseth said:Don’t bother trying to put lipstick on a pig. The next few years will be bad for everyone. Cook’s relationship with the man known for stabbing his friends in the back will not make any difference. -
TikTok's ban saga is a mess, with only days before the hammer falls
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Apple stock hammered for third consecutive market day, falls on news of more tariffs
This is all illegal and unconstitutional. The IEEPA is intended to be used for sanctions against foreign governments. It make no mention of tariffs or taxes.
"Under art. 1, § 8 of the Constitution, Congress has sole authority to control tariffs, which it has done by passing detailed tariff statutes. The President cannot bypass those statutes by invoking “emergency” authority in another statute that does not mention tariffs. His attempt to use the IEEPA this way not only violates the law as written, but it also invites application of the Supreme Court’s Major Questions Doctrine, which tells courts not to discern policies of “vast economic and political significance” in a law without explicit congressional authorization. If the IEEPA were held to permit this executive order, then the statute would run afoul of the nondelegation doctrine because it lacks an “intelligible principle” to limit or guide the president’s discretion in imposing tariffs."
https://nclalegal.org/press_release/ncla-sues-to-stop-trump-admin-from-imposing-emergency-tariffs-that-congress-never-authorized/
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China calls Trump's trade war a joke, jumps tariffs on U.S. goods to 125%
mike_galloway said:"When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually.
The bond markets are the real king here and will determine the outcome of this farce."
China does not hold a “huge proportion” of U.S. debt. The vast majority of U.S. debt is held by the United States itself. Example: the U.S. treasury holds more bonds than all foreign countries combined.