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Nothing Trump loves more than corruption opportunities.That semiconductor tariff is the wildest and stupidest thing I've seen in trade policy ever. Different rates for different shipments? Gee, that's not going to be abused. Corruption opportunities abound! And it seems all you have to do to avoid them is "make a commitment" to build in the US. Like Foxconn, I guess.
Anything for an exemption. Stock is up!
“… The White House has also introduced policies that partly make up for the hit to profits, giving automakers further reasons to prolong the waiting game.
—> https://www.wsj.com/economy/trade/t...5?st=BFLC2q&reflink=desktopwebshare_permalink
—> https://www.wsj.com/business/autos/...f?st=dwyTsk&reflink=desktopwebshare_permalink
“… Beyond the continuing cost of tariffs, automakers in the U.S., Japan, South Korea and Europe face years of retooling and supply-chain tweaks to adjust to the new realities. This comes after they spent heavily to reshape factories for electric vehicles.
The obvious responses to tariffs are to raise prices and move production to the U.S. But both are hard for carmakers to do quickly, potentially saddling them for years to come.…”
This pisses me off. The headline should say, “BECAUSE of Trump’s tariffs.”
What principles have they ever had?Republicans used to screech about government staying out of business and letting market forces drive the economy.
Now they cheer when CEOs have to kiss Trump’s ring so he doesn’t completely trash their companies and send the economy into a death spiral.
What the fuck happened to you guys? Do you have any principles left at all?
“(Bloomberg) -- The US has imposed higher tariffs than Japan expected on a broad range of its goods, a senior Japanese ruling party official said Thursday, after a day of confusion over what exactly had been agreed between the two countries.
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U.S. says Japan has no tariff stacking relief for 15% rate
U.S. President Donald Trump's country-specific tariffs took effect on Thursday, with a White House official saying that Japanese imports will not be given special treatment as Tokyo had believed under a recent bilateral trade deal.english.kyodonews.net
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