ilarynx
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Apple stock bloodbath continues after China applies retaliatory tariffs
9secondkox2 said:The rest button has been pressed. The system is powered down, but will power up with a fresh set of memory banks.Of course things are rough the day after. But let’s give it time to do what it’s going to do. There’s no arguing the USA has been unfairly treated in the world trading stage. Giving them some of their own medicine is necessary to level tje playing field. It’s not okay for us to pay sn ram dnd a leg to sell iverseas while they have it easy here. Or to be barred from selling there while they take over here.We can hold off our addiction to foreign goods for a short while so they can feel the squeeze and give ourselves strong legs to stsnd in moving forward. Short term pain got long term gain.With ford offering killer deals for the next 3 months the snd apple poised to sail through, I think we will be ok. Kinda me me wonder if anticipation of this isn’t why we have an m3 ultra instead of an m4 ultra.I can’t imagine there not being some communication about how to navigate this behind the scenes. The president and Apple’s CEO are brilliant people.
All hail, Do and Ti! -
Apple stock bloodbath continues after China applies retaliatory tariffs
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
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How and where Trump's new tariffs affect Apple
9secondkox2 said:AppleZulu said:A tariff is a sales tax levied on goods as they enter the country. The buyer pays the tax, not the seller. On finished products, that tax will be passed on directly to the consumer. On parts, that tax will be incorporated into the price and passed on to the consumer. The talking point that Apple or “China” or anyone on the supply side will pay the tax for any length of time is ridiculous. Also remember that sales taxes are regressive. The more of your income that goes directly to buying things, the greater percentage of your income goes directly to paying the tax.This is going to be a disaster.Actually it depends on the seller whether or not they will absorb the cost.Ford motor Compsny announced today that they will be selling their vehicles under invoice from today through early June. They have enough inventory to help offset the loss somewhat, but it’s an example of how sellers get creative in a temporary reset of trade relations.It may posdible be tough in some markets for the short term, but the long term gain is worth shooting for.As far as Apple, will be interesting to see if they raise prices at all - or to learn of any special treatment - regardless of the “no exemptions” statement someone here attributed to him.I see a lot of knee-jerk reactions here and proclamations of doom with very little look at the reasons why it potential upside.Let’s let the president cook and do his thing. It’s what he was elected to do. Apple is in communication and seems to be supportive of him. So let’s give it a bit and see how it shakes out before rushing to judgement one way or the other.If anything, Apple could definitely absorb the cost since their pricing on anything upgraded I has been ridiculous for years now.Hopefully this could ignite a return to pricing normally when all is said and done.Clearly, economics, logic, history, manufacturing, and math are not everyone’s forte.
>>> Ford motor Compsny announced today that they will be selling their vehicles under invoice from today through early June. They have enough inventory to help offset the loss somewhat, but it’s an example of how sellers get creative in a temporary reset of trade relations.Inventory is a carrying cost - an expense - and expenses do not “offset” losses. Even those who have never been involved with manufacturing often learn this in college.
>>> it depends on the seller whether or not they will absorb the cost… Apple could definitely absorb the cost since their pricing on anything upgraded I has been ridiculous for years now.These new Republican import taxes will come out of the pockets of the consumer and/or the seller. If from the consumer, it hits the consumer’s bank account. If from the seller, it hits the seller’s profit margin, bottom line, stock price, then the consumer’s 401k. Trying to claim that these new Republican import taxes will somehow magically be “absorbed” by someone (else) somewhere (else) and evaporate is fantasy. There is no free lunch. Even Apple, Inc., is not immune to such radical attacks on our economy.
“Tariffs are going to raise about $600 billion a year, about $6 trillion over a 10-year period,” Mr. Navarro told Fox News on Sunday. This is on top of $100 billion a year from Mr. Trump’s car and truck tariffs. He also tried to claim that “the message is that tariffs are tax cuts.”
George Orwell, call your office. In the real economic world, a tariff is a tax. If you raise $600 billion more a year in revenue for the federal government, you are taking that amount away from individuals and businesses in the private economy.
By any definition that is a tax increase, and the $600 billion figure would be one of the largest in U.S. history.
Wall Street Journal - https://apple.news/AoqVinTZzTeWm_MaCh90k5g>>> Let’s let the president cook and do his thing. It’s what he was elected to do.False. Trump campaigned on lowering prices “Day 1” -
“A vote for Trump means your groceries will be cheaper,” he said on the campaign trail.
And how long did he say it would take to turn things around?
“When I win, I will immediately bring prices down, starting on Day 1,” Trump promised.
- https://www.yahoo.com/news/commentary-trump-promised-lower-food-203442021.htmlClassic con-man bait and switch.
>>> I see a lot of knee-jerk reactions here and proclamations of doom with very little look at the reasons why it potential upside.I get it. Not everyone stayed awake in 10th grade History class. The good news is that even the sleepy heads who spent most of their time drooling on their desks in HS can read about the Smoot-Hawley Tariff Act of 1930 online.
Here’s the Cliff’s Notes version for the book/reading-challenged:
- https://www.youtube.com/watch?v=AyyAh2lQXF8&t=46s
IOW - The statement, "This is going to be a disaster" is supported by history, basic economics, logic, and facts. Claims to the contrary run contrary to history, basic economics, logic, and facts.
Also worth reading:
https://www.thebulwark.com/p/the-american-age-is-over
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Apple's satellite plans could be stalled by Elon Musk's Starlink
Wesley Hilliard said:Of course after I say the thread has been mostly level headed, we get a sharp right turn. Believe what you like, but don't post such extremely biased misinformation that is also incredibly off topic. This isn't a political forum. If you like Trump and Musk, talk about it elsewhere. If you don't like them, talk about it elsewhere. It's one thing to make your opinion known as a part of a greater on topic post, but don't make your whole post about trying to prove your agenda is the right one and everyone else is wrong.
Especially in today's climate. Kind of hard to make a sound argument for what's happening in the United States today and this isn't the place for it.
And it isn't fake news just because you don't like it. That kind of ignorant bullshit is why people make fun of those kinds of comments. Sure, maybe you'd like to have the news substantiated by a statement (that won't likely be made) but that doesn't mean it isn't true, and it is a valid point to make. However, your valid point is lost when it is filled with ignorant rhetoric and buzzwords i.e. "Fake News."
Remember, you're more than welcome to *not* make a post on a thread you're particularly upset about. If you can't have a political discussion without using silly insults flung around by extremist news networks, don't post about political content. Simple.
Edit 1: Also, posts referring to this as "fake news" have been deleted. It is a banned term, and by suggesting the source is making it up, it in turn suggests our coverage of it is illegitimate.
Edit 2: Sorry AppleZulu, while your comment was a warranted response, it is to a post that has been deleted, so the thread is gone too.
Yes, an example of Brandolini's Law in action.
Your janitorial work is appreciated in any case. -
Apple's $500 billion US investment announcement is business as usual
libertyandfree said:sdw2001 said:baconstang said:Shhhh.... Don't tell the Dotard. He thinks he just pulled off an amazing deal....
Trump is certainly a great shakedown artist (as was shown in the $1mil pay-to-play inauguration scheme), and that's what Cook, Apple, and all the major US corporations are having to deal with right now. NOT the business of business, but the business of placating the thug who walks into your store saying, "Nice place ya go here. Be a shame if sumptin were to happen to it."
Mark Cuban:"As I tried to get other things out of him related to policy, there was just nothing there. The more he spoke out, the more that was obvious, the more the immigration stuff came out, and the more hateful stuff came out. That just turned me," he said.
Later in the episode, Cuban said: "He's very transactional. That says it all. He doesn't care about crypto. He doesn't care about technology. He doesn't care about AI. But he certainly cares about people with a lot of money."
https://www.newsweek.com/mark-cuban-reveals-exact-moment-he-turned-donald-trump-1976513
Apple through Cook is trying to negotiate this new mob-styled landscape the best they can. It's creating unnecessary distractions for virtually all businesses in the country.