You should know there is one here who is always the unquestioned experts, regardless of the topic, he is now suddenly the most learned experts on tariffs. Get back in your lane and let the astroturfing continue, do not question his authority.
Just as predicted, here come the exemptions.
This week Sec Lutnick said there would be NO exemptions.
That has changed.
We are now exempting phones, computers. Chip making.
In other words 40 % of what China exports to us.
Seems like a surrender by the administration. We will come to find in time, the only thing tariffed are items sold at dollar tree.
What he needs is to pay more in taxes for everything while his rich bosses get tax breaks.
That’ll fix it!!!
If he really cared about this guy’s plight he would be for higher income taxes on the rich and lower sales taxes and fees as those affect the lower classes more…and it’s not even close as the lower class pay vastly more as a percentage of their income in taxes than rich people do.
Fix the actual problem instead of lying to cut taxes for rich people.
Why would ANYONE show their hand when they are negotiating?
Why would anyone announce to all media that they will settle for less?
It is sales 101 and remember the obvious.
You can sart high but it is nearly impossible to go up.
Again this is sales 101.
Any of our networks/media demanding that we explain our “hand” is ludicrous.
As a seller should I tell you I will settle for a number that I know not acceptable?
COME ON ALREADY.
Agree, but this should rally the markets on Monday as this was a late Friday
announcement. Don’t think the markets have factored this in yet.
From CNBC…
Smartphones and computers will be exempted from reciprocal tariffs.
The guidance also includes exclusions for other electronic devices and components, including semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.
Yes, friends, you read that right, even those slave labor made solar cells are exempt too.
So this will be sold as a win even though nothing accomplished as markets rejoice.
“This is the dream scenario for tech investors,” Dan Ives, global head of technology research at Wedbush Securities, told CNBC. “Smartphones, chips being excluded is a game changer scenario when it comes to China tariffs.”
He added that the tariffs have been a “black cloud over tech since the day of liberation, because no sector was going to be more hurt than big tech.”
“I think ultimately big tech CEOs spoke loudly, and the White House had to understand and listen to the situation that this would have been Armageddon for big tech if were implemented,” Ives said.
So wait, now we get to watch those who hero worship him twist into pretzels, those who insisted we needed tariffs to reshape the country and in the end traiff income will do away with taxes and we would have so much money it would eliminate our debt and bring high paying jobs back.
We just exempted the category with high paying jobs. “Suckers”, who bought this tariff scam and will now preached this new strategy.
All soneone has managed to do is consolidate power in the attempt to have segments of industry grovel for an exemption that he will give (with some cash to sweeten the deal, let’s not pretend the corruption is not in the open…just look at how they are using crypto to launder money) and then take a victory lap. He is predictable and it is so easy to play him with a hint of praise.
So in the end we crapped on our allies, rocked the market, devalued the dollar, and left the world with a sense of deteriorated confidence in the US.
They were against tariffs before they were for them. Its not surprising to see them twist like a wind sock. Facts don’t matter. Whatever your team is doing is all that does.
