danox
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Apple stock bloodbath continues after China applies retaliatory tariffs
ilarynx said:
First, "infamous" Smoot-Hawley tariff?foregoneconclusion said:
LOL...are you aware of the infamous Smoot-Hawley Tariff Act? That was a bill that passed Congress and was signed by Hoover. Notice that it's CONGRESS that is levying the tariffs and not Herbert Hoover. Which means Trump doesn't have the power to levy tariffs under the Constitution either. The current administration is trying to claim that the national debt has created a national emergency that gives him the power to do it himself. But that is obvious b.s. considering Trump wants to make the $2 trillion tax cut from 2017 permanent + add trillions more in new tax cuts. All of that will explode the national debt to new heights.ilarynx said:
Not an option, according to the Constitution.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".
Second, everything I posted was accurate. No governor can negotiate with other countries on tariffs as per the Constitution. The Executive branch cannot implement the tariffs (as you noted), but it can enforce the laws/tariffs passed by Congress and approved by the Executive branch.The current administration is trying to claim that the national debt has created a national emergency that gives him the power to do it himself. But that is obvious b.s.
True.
Well, that "two wrongs make it right and/or ok" approach is a bad and dangerous approach with respect to the Constitution. Also, the current regime has declared an emergency as per: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".
International Emergency Economic Powers Act of 1977. The act allows the president to declare an emergency under the National Emergency Act (NEA) and then use his extensive economic powers to regulate or prohibit imports. The CRS says that President Trump was the first chief executive to use this act in February 2025, when he announced tariffs on Canada, China, and Mexico. The emergency stated by the president can be terminated at this request, or by a joint resolution of Congress.
- https://constitutioncenter.org/blog/how-congress-delegates-its-tariff-powers-to-the-president
Improperly or not (it IS improper, objectively), Congress has the power to rescind the declaration. The current Republican controlled congress won't do that though. They've found a gap in the checks-and-balances between the 3 branches our Founders created, and are exploiting that to intentionally cause harm to the nation. Vlad couldn't be happier.Based upon the section in the constitution shouldn’t that be a lawsuit, if one hasn’t been filed it soon will be….
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Apple stock bloodbath continues after China applies retaliatory tariffs
ilarynx said:
Not an option, according to the Constitution.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
So does that mean Congress has the ultimate authority and not the president? If so, they better get to work…..
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Apple Intelligence servers might soon rely on a new Japanese chipmaker
blastdoor said:I hope Rapidus is successful. We need more suppliers in this market. There's way too much dependence on TSMC.Maybe but whatever they can do is going take 3-4 years, everything talked about in chip design and manufacturing recently, anything serious is 5 to 10 years down the road, which is why measured intelligent planning and long range thinking is required by the companies/countries involved.
The way things are going most of various governments in the world haven’t shown any ability in this area, the only countries coincidentally that seem to have any intelligent, measured long range planning is Taiwan, China and the Dutchman (ASML), and I mean cooperation that spans changes in government, Holland (their outlook on craftsman/engineering, is different than America and is closer to the German outlook) is the only one that has a change in government similar to the United States.
Most of the other East Asian countries are not exactly like the West (even though we like to pretend they are) and of course China doesn’t have a change in government which is why they’ve been very successful in the last 40 year's when it comes to long range planning?Long range, coherent thinking or planning in America from administration to administration well obviously that doesn’t exist in America exhibit “A” the last two administrations. The willful lack of understanding at top end of government in the United States along those who lead sabotages any effort.
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More Apple chips could be made in US thanks to TSMC & Intel joint venture
badmonk said:in TSMC’s Taiwan Chip Industrial Complex they have a “factory” that turns out PHD candidates for the company. And their first job at TSMC is working the night shift at fab processes.
They were always going to win. It’s a different culture.
I am more and more convinced that Trump will just let the Chinese roll into Taiwan and have them take over the country in his “zones of influence” mindset that might makes right.
I suspect we don’t have a choice but to attempt to move over some feeble production lines but we won’t be able to duplicate the sum total of their greatness.On the surface it appears that the Chinese are winning they don’t have to do anything ie.. make the mistake of imperial Japan in 1941. It appears to be a BYD EV future worldwide, they don’t seem to mind doing business anywhere on the face of the planet, where America has always been particular, the Serbians, Hungarians and Indonesians got high-speed rail in their country by working with the Chinese. (Yes this is a pitch for us in America to get our asses in gear when it comes to high speed rail why are we missing an action?)
The Romanians wanted a high-speed rail line from their capital going towards Western Europe, but they listened to a few of the Western European countries saying no hold on and they decided to back off from using the Chinese to help them build that high speed rail line guess what they have no high speed rail line going towards Western Europe at this point Romanians may have made a mistake. They listened to the lecture from the Western Europeans and in return got no help in building a high speed rail system in their country maybe they got another lecture…..
https://newseu.cgtn.com/news/2023-01-21/Experts-eye-gains-from-new-China-backed-Belgrade-to-Budapest-rail-line-1gJiwTkNkNW/index.html
https://en.wikipedia.org/wiki/High-speed_rail_in_Indonesia -
More Apple chips could be made in US thanks to TSMC & Intel joint venture
jfabula1 said:
Another Democrat that can’t go on…..don’t mixed politics, so you want to stay the course? Why are you not mentioning the $36 T we owed. What’s your solutions to that?? What’s wrong w/ adapting TSMC manufacturing prowess? Let’s learn and apply rather than complaining w no solutions…this can be great and so what if it takes 5 years.danox said:Intel has nothing of value to offer, they are in a pickle with their own operations, how are they going to help Apple as a competitor to Apple? answer they can’t, do they even have a qualified CEO charge right now and I mean, a technocrat not another MBA CEO? on top of that, it will take years to get up to speed.There is nothing that can be done within the next three-five years that’s going to help Apple, you can put in an order into ASML today (good luck) and timeline would still be the same, the stupidity shown by this current administration will cause most of American tech companies 5 to 10 years and billions of dollars because there is nothing instantaneous in any of the solutions that actually need to be done if that is the path chosen. It’s nothing personal. The time needed is the time.The problem is the fantasy by this administration, that a massive tax increase imposed on the American consumer is going to so solve the problem, the damage that this misguided administration is doing to the country can’t be fixed if allowed to run its course the Canada, Mexico tariff fiasco combined with Elon, a Vance trip to Greenland and that Signal message leak just screams utter and complete incompetence. (This administration is completely unfit for any mission, be it short or long-term would you trust this band of men to run your business any business?).There is a reason most business people traditionally have stayed out of direct politics. It has a tendency to blow up in your face and it certainly blew up in the face of the technocrats, it also coincidentally blew up in the face of many of the Maga people too they didn’t think very hard they thought they were clear of the blast zone this current administration however has a scorched earth policy whoops……
By the way, almost all of the machinery and parts come from Europe and East Asia in a modern chip making factory, you might be able to get an exemption, but what sort of example does that set for the rest of the population when you tell them that they must comply with a massive tax increase but others can skate over it if they’re privileged enough that would almost be like Prohibition remember that fiasco? I don’t want another avenue of grifting created more exceptions would do that. We have enough problems.
