Trump says a 25% tariff "must be paid by Apple" on iPhones not made in the US, says he told Tim Cook long ago that iPhones sold in the US must be made in the US
Step 1. Add Tarrifs.
Step 2. Wait till the share price falls.
Step 3. Buy in low.
Step 4. Lift the tariffs again.
Step 5. Wait till the share price rises.
Step 6. Profit.
What about the components? Should they also be produced in the US?
Let’s be clear, producing the iPhone in the US would be more than a 25% cost increase.
Tim Apple make your phones in America the king has spoken.
The Art of Extortion.
Did trump just confuse a possessive s for a plural s?
That is the least of his linguistic faults.
style errors are easily forgiven. study a foreign language or a programming language to get some empathy
suspending habeas corpus? he should be in so many heaps of trouble. the guillotine was a nasty, evil piece of work, and anyways
It happens to people and I don't know why
Autocorrect more likely
Once again. Companies do NOT pay tariffs. They pass on those costs of those tariffs to their customers. YOU are gonna pay that extra 25% not Apple.
It’s extremely misleading to say “companies do not pay tariffs” and then immediately explain that companies do indeed pay tariffs.
Unless the companies eat the tariffs. But greedy companies will pass them on
Is it only tariff costs that are passed on to employees and customers or are all corporate tax costs passed on to employees and customers?
At the end of the day it's all of it. Some of it is built into their existing model, some of it is constant etc but they include it all in the calculations to come up with the prices. New costs like these tariffs get added to the overall margin calculation and a new price is set.
Still there is another side of it that also interesting. These companies has done their calculations so the cost of the product is perfect. Increasing that price means less people will buy the product.
Increasing that price means less people will buy the product.
Unless your competitors are also facing the same forced price increase.
how long is it going to take, before you realize its too late? if they didn't realize by now, they aren't going to
This isn't about making Apple make iPhones in the US. This is a 25% tax on everyday Americans that the fascists will blame on Apple for not making iPhones in the US and use to give tax breaks to the rich. Trump and his cabal are reverse Robin Hooding the American people and 70 million of them are lining up to lick his boots for it.
The US is turning into my games of stellaris a little bit more everyday. Oh boy you sure dont want to be in my games of stellaris guys.
You know that is somewhat true. What everyone could see when I was kid has come to pass. The people like trump and the actual billionaires in this country sold us out then. They sold us out by moving all the manufacturing offshore. Now these same greedy trash humans want all that back since they have realized that the ability to manufactures products was the United States real power. They delivered millions of my parents generation into poverty and wage slavery to make a buck by moving the job overseas. Now these horrible people and their followers are doing the same thing to try to get it back. They don't understand nor do they care about the real people in this country. Only about themselves.
Their followers who are not profiting from this must be really, really stupid.
The reason why manufacturing was moved offshore was because it cost more money to produce the goods in the states and they had to adhere to us regulation. Products are cheap because they’re build offshore. No one actually wants the factory jobs back in the states because they’ll be too expensive to produce, and a lot of the jobs will be done by bots anyway. If the iPhone was the be built in the states it would cost $3.5k. Billionaires want a peasant class. They’re envious of China - lots of low educated people earning nothing working long hours. Billionaires have low self esteem.
Their followers who are not profiting from this must be really, really stupid.
And they're the 'good' ones!
This past Monday, John Stewart of The Daily Show interviewed Patrick Mcgee who discussed the jaw-dropping amounts of money Apple spent building out Chinese electronics supply chains which had deep implications. -It made for an interesting case if true.
On that note, I suspect that a 25% tax is cheaper by far than the cost of building out state of the art silicon fab on US soil, plus the additional cost of paying Americans to do the manufacturing/assembly. Would you rather buy an iPhone for $1250 or $4000?
This perfectly sums up the shortfalls of Trumpian populism in the face of Late Stage Capitalism.
He still has absolutely no clue how tariffs work. Amazing for someone who throws them left and right without thinking. Although the latter might explain it.
What does he not understand correctly here?
The worst take from his opposition: "trumps such a dumb idiot". And it's why the left gets out-maneuvered; they imagine those on the right as only either 1. Imbeciles 2. Racists.
The right sees the left as cunning, and strategizes how to outplay them.
The left sees the right as backwards morons, and strategizes how to insult them. It seems to be the main play, and is doing him a favor by shutting down closer examination.
It blows my mind when people say he has a reason for his tarriffs and it's about enrichen his friends. He's braindead and tarriffs is just the new word he learned. Tim Apple is gonna be mad.
People are looking to much into his Tax Bill and Crypto Dinners. They can’t pass legislation secretly in the dead of night if the media and public aren’t distracted by bullshit.
It hasn’t been half a year yet and the firehouse of chaos that is Trump is impossible to keep up with.
CSJDIA.
I wonder if he knows apple simply can not comply with this. Apple doesn't know how to make iPhones (at the scale and rate needed) and no one in the US does either.
RIP
It's coming true.
And again "tariff must be paid by Apple" really shows that he still has no idea how they work.
Tbf the labor will be done by the minorities and undesirables they will keep throwing in prison without due process
along with the poor white folk who voted for him.
That sounds like a nice mix where nothing terrible could happen. Tons of black and brown people surrounded by the poor white rural idiots that disenfranchised both of their lives.
Made in India + 25% tariff is still cheaper than made in Murica.
That BS is just for media.
And it's actually usable.
Well, technically, any kind of tariff added to the import is always paid by Apple, who else would pay it? Some unrelated company? A foreign country?
They will simply increase the price by an amount that will keep them making the same amount of money. The main problem is that because they like to do a round price worldwide, we European we'll pay more too, so they can make more money. Assholes
Don't buy Apple. Problem solved. I will not accept arguments about 'but the eco-system blah-blah'
Sticks Fingers in ears lalalalalala
We can always respond with our money and not buy an iPhone
iPhones not iPhone's... Who let this idiot be in charge of anybody? Did he even go to school?
& Just that entire sentence is atrociously bad
Thank your for your attention to this matter!€
LMFAO it's the entire fucking tweet!! Thank your for your... omg you are the president of the united states get grammarly or something...you sound even dumber than the people who voted for you...
This is what you get for bending down to the tyrant in inauguration day. You cant appease tyrants, you must fight them.
An extra 25% must be paid by consumers. Like every other tariff. New taxes be like that.
And knowing the cult of Apple, they'll pay it because it makes them look wealthy. That is the whole culture of Apple Customer base.
And if similar is on every phone? You can’t really do without a phone so at that point, it’s 25% inflation.
"A fool and his money will soon be parted."
'What's up, everybody? This is your boy Apple Lad, and I came through with one of those Tariff I Phones, just so I can unbox it for you!
Good fuck apple they probably donated to trump
This won't hurt apple one bit. They will pass the cost on t to American consumers. This is a 25% tax on everyday Americans to pay for the billions of dollars of tax cuts for the rich.
They did, or at least Tim Cook did.
Killing Biden's CHIPs act certainly didn't help that cause.
Problem is that it had bidens sign on it, so he was forced to kill it without even taking care of its contents
It was a horrible idea, absolutely terrible for us, we were being ripped from with waste fraud and abuse. We have the best plan, everyone says so. The concept of a plane, that will be immense.
No he wasn't. It's just because of his his pride and idiocy that he thinks he was.
He will kill and reinstate it to sell it as his own doing.
Obviously guided by his counselers and consultants.
Oh, like NAFTA!
I see the problem here. He's talking to Tim Cook, who's CEO of some cooking company. He needs to talk to Tim Apple.
He's actually cooking apple pies. Or is it called baking? Is it Tim Bake?
No, tim doesn’t get baked, but we’re planning on it tonight
I want to elect Pine for the next CEO
Such smol govment
It is paid by consumers, not Apple. Other phone companies will raise prices as well to increase their profits, since iPhone prices will set a new high price. When Apple prices goes up 25% other phone companies can increase their prices by 15% and still be competitive to apple.
Actually to make same profit due to lower phone sales Apple may have to raise price even higher than 25% or find other ways to get consumers to pay more. Die hard fans of Apple will buy, whatever the price.
you fucking idiot, it's NEVER EVER EVER coming to the US.
NEVER.
a 25% increase in cost is still MUCH more preferable to bringing all of that shit to the US. probably by orders of magnitude. can you even fathom (of course you can't) what you would need to do to have a 100% American iphone?
let's say you're bringing the iphone manufacturing plant to the US. let's even assume this move is subsidized so the new factory is going to cost only time.
the iphone isn't put together from mere atoms. parts of it need to be manufactured first. there's the screen, the glass, the aluminum case, several cameras, the battery, the ram, the storage, the CPU, the GPU, the receiver, accelerometer, gyroscope, etc etc... how much of that shit do you think is made in the USA?
so there's tariffs an all of that. or to avoid them you need to make several new factories, and have other companies that provide these things also move their factories... and these factories don't just have people create electronics by hand. you need machines. where do you think those are made? who makes them? so now you need the manufacturers of manufacturing robots to move their factories to the US.
and all these factories now employ people with much higher salaries.
all in all, a move like that would halt production for years and when it comes back every iphone would probably cost $47000.
THIS IS WHY TARIFFS NEVER WORK. In the long term tariffs actually encourage manufacturing to leave the country charging tariffs, not move manufacturing there. It’s much cheaper to pay the tariffs once, on the final product, than to pay the tariffs on every part that is required moving back and forth across an “imaginary line” (border in Trump-speak).
None of Trump’s tariff bolstering hurts Apple at all. They are a global company and can easily adjust around the asinine policies of America for a few years. Americans will get sick of paying a minimum of 25% more for EVERYTHING, while the rest of the world continues on as if nothing happened. Eventually Americans will see that the rest of the world has all the nice things and they’ve become a self imposed Soviet-era block country that has nothing and has to line up for toilet paper, and they’ll be right pissed. Until then, enjoy your delusion. 👏
The other problem with moving manufacturing due to tariffs is that tariffs can always be changed, whereas moving manufacturing is a longer term investment that can cost millions, if not billions when it comes to things like chip fabs. No one wants to make an investment like that, only to have their investment suddenly become worthless because some politician decided to change how the tariffs work.
Trump's idiotic and constant flip-flopping on these tariffs have completely destroyed any chance of them actually accomplishing anything (not that they really had a great chance of that in the first place, but anyway...), because no one is going to move a factory to the US when Trump can and will change his mind based upon a whim or whoever is whispering in his ear that moment.
tariffs could work if you're not the US. the problem is the US doesn't make anything.
for normal countries you could use tariffs to encourage products made inside the country. but for that to haopen:
so for example if your country has a decent production of bananas but people for some reason prefer to buy imported bananas way more than homemade ones, you might have some tariffs on bananas to try and reduce waste.
for that to be effective, you can't also have tariffs on soil, farming equipment and whatnot that might be going into your homemade potato production. otherwise you'd have homemade potatoes more expensive then imported ones.
It's because Donald can't envisage the supply chain for anything more complex than a Trump flag or a MAGA hat.
In his mind, housewives can be knocking iPhones out in Bumfuck, Mississippi.
Excuse me, sir. There is no town in Mississippi called "Bumfuck". That town is firmly within the boundaries of Iowa.
Mississippi would never stoop to the level of Iowa in having Bumfuck, Iowa. Mississippi is more elegant in its nomenclature. Thus, if you wish to make a point about a town in the middle of nowhere in Mississippi, please respect Mississippi by referring to such a town as Cousin-Hump, Mississippi. Thank you.
Fun you should bring up his merch because literally all of it is Chinese or Indian produced.
I drove all over that state looking for Bumfuck and never found it. Pretty ornery bunch, too...
If that.. I imagine they were white label products so not even those taught him anything
Based on the numbers from Purism, it could be a lot more than 25% more expensive to manufacture everything in USA. Purims Librem 5 costs 799 $, while the made-in-America version costs 1999 $. That's roughly a 2.5x difference. Obviously, economies of scale play a role too but let's assume that the same factor applies to iPhones too. If so, the fanciest iPhone would cost about 4000 $.
Ts the entire supply chain that’s the problem. I keep reading stories about Apple pre-buying the entire output of factories for multiple years. For the thousands of parts in a modern phone, how do you expect entire parts industries to spring up overnight on the scale that Apple sells phones? Then entire resource and tooling chains to support those? And we’re making it even more impossible with blindly applying tariffs everywhere so you couldn’t even get established
too lazy to check but does the "made in America" version have all its parts also made in America? coz i doubt it. if not, each and every part made outside the US would also get tariffed.
We don't even have silicon availability. I don't mean chips or printed boards, I mean processed quarts crushed into powder.
We would have to start opening strip mines and building massive furnaces and crushers and expanding railways. It's just not feasible.
John Oliver did a segment on this about a month ago, but yeah, you just nailed it.
damn it's been a while since I've watched him. it's just all been current events lately and even though I'm keeping up with the news, i couldn't watch him because the way his show covers things usually make things much more depressing. I've instead been venting here and shit. I'm gonna have to catch up though eventually, it's still very informative.
🫢
Bro really went off on him…
Most of the Iphone is not Chinese, the screens are made by Samsung in Korea, and the chips are from Taiwan. Only the fiddly final assembly is done in China.
But he wants it all American. Not just non-Chinese.
this is not about china
And they'd still need to maintain their non-US factories due to the retaliatory tariffs many countries are putting on US products.
That McGee book is pretty startling. $55B USD per year for how many years to develop plant and expertise in China over the past decade or two and that's going to be reversed how exactly?
I mean, if the US can swing it, good for them, but it's a bit like asking parents to produce Usain Bolt immediately or pay 25% higher income tax.
Plus a consistent supportive economic policy. I haven’t read the book to know what’s included in that $55B, but I know it’s been a long term effort and no business will try to build such capability in chaos and personality cults.
Republicans talk about being best for business is sort of like their “family values”: mostly talk, mostly opposite
What a fucking idiot
Failed business man telling people how to run their businesses. I’ve got an idea about how to make American manufacturing cheaper universal healthcare.
It would take MINIMUM 10 years to even come close to like 60% manufactured in US. And that’s assuming the US upends the entire global tech industry by coming even kind of close to TSMC’s chip manufacturing tech.
Good news on the latter front, actually: https://www.tomshardware.com/tech-industry/tsmc-expands-investments-in-the-u-s-to-usd165-billion-with-new-fabs-and-r-and-d-center-a-closer-look
You can know the impact of what building in the US would be by looking at Purism. They sell a Linux phone for $800. If you want the same phone built in the US, they charge $2000.
It really depends on what Trump means by " built in the US". It won't be that big of a jump if Apple is just assembling them there. If every component has to come from the US it's likely impossible.
Apple is vertically integrated in a way many companies are not. It would be bad for them for sure but they already have really high profit margins. They could eat the cost and assemble in the US, but they won't because they are already a velban good.
Tim Apple could just buy him a fucking plane and be done with it. And that would open up some interesting opportunities, nahmean?
Can you imagine if Joe Biden said shit like "I'm going to make your pleb shit more expensive because I refuse to just admit a mistake and therefore will double down on my bad policy."
Lol Biden is the type of person who would order a burger, then the retaurant brings him a salad and then he's like *🤷♂️ well I guess I'm having a salad, I can't confront people, norms and traditions*
And it would be amazing to still have the senile cancerous old man over the demented lying sack of shit. But regardless pointing out the sycophantic double standards of his nasty idiotic supporters and theur never ending bad faith is a good reminder that western democracy has been deathly wounded by the corrupt elite and the intellectually lazy populace.
Given recent revelations, more like he'd just assume that's what he ordered and eat it.
Spineless Joe and DNC
Trump has become schizophrenic again.
Trump has a lot that seems might be wrong with him, but schizophrenia never really seemed to be on the list. Narcissism, dementia, psycho-/socio-pathy, compulsive lying, and possibly more, but I've never gotten the feeling he displayed the hyperpatternicity I associate with schizophrenia.
Sigh...at least Apple is getting screwed over though. They've been impeding right to repair for a long time, perhaps their karmic debt is finally catching up to them.
Honestly he sounds like just about every old man I've ever met, rambling on about whatever nonsense is running through his head at any given moment.
Thank you for your attention to this matter
4 more years of this comedy over there, im laughing too much already! xD
it's not very funny
it effects the entire world pal, just cause its not visibly right outside your front door doesnt mean youre above it
also, being smug is a shitty look
are you going to keep laughing when he extorts another world leader of a country Russia is invading? Or helps finish off palestine for good?
Let's not armchair diagnose people, please.
I think you suffer from anti armchair diagnosis.
It's always disappointing to see how much people on here hate people with mental disabilities. Under no circumstances would anyone be OK with comparing Donald Trump to another minority. I think even insulting him by calling him fat is perceived as too gauche. But ableism? 100% OK by most of Lemmy.
Let's. And don't tell us what to do.
I think I will. Thanks for your input though.
Yeah I don’t like the sort of sanism it often implies.
You’re right. There’s absolutely no evidence of Trump being not of sound mind.
It sounds like he thinks the word "tariff" just means "payment". Then he follows that with "[whoever he thinks should make the payment]". Tariff by Apple, Tariff by China, etc. Honestly. I don't know how else you can make it make sense.
It's pretty clear what he wants. He wants WW3.
If he wants to go to war, then he's probably going about things the right way. Historically, being reliant on other countries for your supply chain can be a huge liability in war. For example, we were in danger of losing WW2 because of a lack of access to rubber. We need it for boots and tires, and we got it all from South East Asia, our access to rubber was completely cut off by Japan, it was a huge problem until we developed synthetic (plastic) rubber. We literally wouldn't have been able to put boots on the ground or vehicles on the road.
If we were to end up in a conflict with China for instance, we would lose access to a lot of high tech manufacturing, we suddenly wouldn't be able to make new computers. That could be bad.
Anyway, the signs are all here, Hitler V2 wants to mobilize soon.
he makes it sound like the manufacturers pay the tarriff so his moron supporters think it's a good idea.
All to try and flood the treasury so he can afford tax cuts he promised to donors.
Turns out running the government is hard and it sucks.
If Apple is the importer of record for its products, then it does incur and pay the tariff to the U.S. government. But obviously that gets passed along to consumers as no company will simply eat the cost.
I bet Tim Apple is really happy about his large donation to the Trump inauguration.
Then again, if you're that rich, maybe having some intelligence and foresight should be an expectation. If you don't have those things, maybe you shouldn't be rich.
That said, for a 25% tariff, it isn't even close. Still far cheaper for Apple to manufacture outside of the US and pass that additional cost to the US consumer.
Tim Apple wipes his ass with million dollar bills.
It is, perhaps, the only thing he touches that is made in the USA.
Even with tariffs it's still not financially viable to Apple to bring manufacturing to the U.S. and if they still decided to it would take 10to 15 years to get going. It ain't gonna happen. Sad oompa-loompa.
Trump is playing the long game (or long-con). Changing laws about presidential reelection is next. And then he may die next term, but the Pope-killer will take over his reins.
We could only be so lucky. In reality it'll probably be Steven Miller.
Oompa loompa Trumpty Do, Donny is an idiot who flunked out of school. He is only know because of his daddy's millions which he squandered like a stupid fool. Then one day television came to play. Donny sitting in his dirty run down office like a loser all day. They reinvented him as a successful business man, but the truth is he is a cuck with no fucking plan. Now this poser sits in the highest office of our land, shitting his pants and tweeting all day.
Who is Tim Cook of Apple? Why does it sound like Trump is talking about Tim Apple?
Tim “Cook of” Apple
Thats hilarious as usual when it comes to Trump. :)
And the tone... I expect... The president for a few months, who has been in jail and is full of lies, expects someone, which he doesnt know by the right name, to comply with arbitrary rules...
What a guy.
This is actually a real socialist or even communist policy. The State controlling the businesses.
It is authoritarian. Communist system devolve to authoritarianism because it is a natural progression (easy to do). Socialists can, but a good democratic political structure makes it harder.
What the hell is with the "Thank you for your attention to this matter?"
You're shitposting to a global media audience, not politely asking Facilities to restock the vending machine with Snickers bars.
Are you just in full Business Guy Autocomplete mode? A Bigly Language Model?
That bothers me too. It's the business equivalent of " do what I say. I don't want to have to help. Go fuck yourself"
He's been doing it a lot lately, it's so absurd...
Thank your*
iPhone’s
Maybe he secretly died and they are using grok to write his tweets.
Surely Grok would make a better president and be more human and intelligent?
Grok wouldn't fuck up the spelling so badly
“Rock over London, Rock on Chicago”
Facilities doesn't stock the machines, the machine company does it itself or contracts a third party.
Looks like Apple is balking at paying the required bribe.
Coming this fall: the new iPhone Republican edition (iPhone RE)
-cheaper construction and materials, yet somehow features a higher price tag -tons of backdoors (this time, intentional) -only connects to approved propaganda sites -reports all biometric data to the GOP -zaps you whenever it detects a thought the party dislikes -integrates with neurolink (not optional, you sick deviant)
camera moves to the right. Plus, you cant swipe left anymore and only swipe right
iPhone XR
Xitter [R-Slur] Edition
Or
Xenophobic Recession Edition
Do it to everyone, I dare you. Nerds get heated. Please it will end sooner for him.
i feel like there are many nerds that voted for him
More like didn’t vote at all
That’s just the loudest voices, not the majority.
Trump on his way to make Android phones more popular (they're not as highly tariffed)
Making America great again by increasing Samsung's market share.
Why isn't Samsung or Motorola highly tariffed? It's the same, right?
Apple is more or less getting individually tariffed because stupid.
Apple spent millions per year in fines for decades just because Steve Jobs didn’t want illuminated fire exit signs polluting the decor of his Apple stores. Their cash reserves exceed $150bn. They won’t do anything they don’t want to do.
But, but, but... I thought the foreign governments paid the tariffs? /s just in case
Will the US factories have suicide nets too, or is that reserved for Taiwan?
That would be healthcare. So, no.
Nah in the US they just let them die
I thought the nets were in the PRC.
Can someone calculate how much an iPhone would cost if manufactured in the USA?
$3,500 according to one estimate.
With more automation wouldn't it possibly cost less than this? On Taiwan the balance between automation and human labor is due to their costs of labor and automation.
In any case more expensive than on Taiwan, though.
If US cost of labor drops sharply due to a few bubbles exploding, or a few nukes explode somewhere causing harm to world economy, then having such plants already in place might be retrospectively considered a wise decision.
Consumer hardware is now being used in wars on scale, changing all balances. So I think everybody is going to do what Trump is doing. Keep complex processes inside if they have the knowledge and ability, and try to gain knowledge and ability if they don't.
I don't think it's bad. Socialists will finally see a situation which their ideology fits best. Industrial specialties, even worker-level ones, teach people to think in a way making idiotic websites in some modern framework doesn't.
All that, of course, is sometime after the hellish hell we're going to see making us work to achieve it.
Not much. It's basically just the cost of adding a "Made in USA" sticker to the box.
Pay massive bribe to Dirty Donny, put sticker on.
In British slang if you fart we sometimes say you Trump, or Trumpet. Can we refer to Trumps posts and speeches as Trumpets?
Well, on Mastodon they are already called “toots”, which is kind of American slang for a fart anyway. So ya, switching to calling them “Trumps” is not far off…
I played the trumpet for several years and I love that instrument. It's bad enough that the names coincide; please don't make it worse 😭
Thanks God he clarified he's talking about Tim Cook of Apple, for a moment I thought he was speaking about my neighbor from downstairs.
Tim Apple the cook
I oppose tariffs, but I'm also somewhat indifferent to the fortunes of Apple.
The more I think about it doesn't trump just want to raise taxes without explicitly raising taxes.
*Raise taxes on poor people. The billionaires can easily just fly to Europe for a shopping spree attached to their regular weekend jaunt and bring everything home in their luggage (if they cared about the prices of anything to begin with, that is).
All those hours spent on that tiny screw game is finally going to pay off!
tiny screw game
how do you know what I call sex?
Everyone talks about it behind your back. Sorry.
Apple should just not sell them in the US then.
Profiteers foregoing the largest source of profit? Not likely.
"Trump says..." A load of fucking bollocks, to be frank. You can rest assured what he says is the opposite of reality. He's a pathological liar.
He did say he would fuck his daughter if she weren't his daughter.
Which part is the lie? That he wouldn't fuck his daughter if she weren't his daughter or that he would fuck his daughter if she were his daughter?
Not even sure at this point if he can bring himself to say a single true thing.
Thank you for your attention to this matter.
Thank your for your
you know how trolls respond in games or everywhere online? Exactly like this. Did Don forget to breath while writing that run-on sentence?
The goal is fine but that isn’t anywhere near enough to force production into the US
Unless it’s like American rockets that are made in China, and assembled in the US so they can throw a sticker on it