foregoneconclusion
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A flood of panic-buying has started in anticipation of major iPhone price increases
9secondkox2 said: Then when September hits and things have cooled a bit -
Apple stock bloodbath continues after China applies retaliatory tariffs
lwr32 said: Tax cuts mean more money in our pockets to spend, which in turn means more sales tax we’re paying. Where does the sales tax go?
Direct spending programs are statistically much stronger in terms of stimulus. Every dollar dedicated to direct spending WILL be spent into the economy. Things like infrastructure and federal jobs typically return more than one dollar of economic stimulus. People like to talk about China all the time...well, China focused on direct spending and not tax cuts. That's how they built their economy. They constantly plowed money into infrastructure over the last few decades and look where it got them. -
Apple stock bloodbath continues after China applies retaliatory tariffs
9secondkox2 said: It’s only logical right? Heck, back in 1995, nancy pelosi of all people was saying the exact same stuff trump is saying about the need for tariffs since we are being tariffed to death by everyone else.
B. Trump already tried agricultural tariffs with China in his 1st administration. Result = $28 billion in taxpayer funded bailouts to farmers.
C. Trump backed out of the TPP with China in his 1st administration and negotiated a new trade agreement that he claimed was better.
D. Trump back out of NAFTA with Canada/Mexico in his 1st administration and negotiated a new trade agreement that he claimed was better.
E. Trump claimed that trade agreements he made with China/Mexico/Canada in his 1st term constituted an economic emergency in his 2nd term.
F. The grade that Trump gets for his knowledge of trade/tariffs.
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Apple stock bloodbath continues after China applies retaliatory tariffs
ilarynx said:foregoneconclusion said:The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.Article I, Section 8 of the U.S. Constitution explicitly says, “The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, … but all Duties, Imposts and Excises shall be uniform throughout the United States.”
I strongly recommend reading the U.S. Constitution. Frequently. You can't preserve, protect, or defend, something you don't know.
https://www.archives.gov/founding-docs
Basically CA is saying "if you're going to pretend to have the authority to negotiate tariffs by yourself then we're going to pretend that we can do that as well". -
Apple stock bloodbath continues after China applies retaliatory tariffs
DAalseth said:foregoneconclusion said:The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.