It's wild - tariffs meant to shield U.S. interests end up giving Apple and Foxconn headaches, shifting their entire strategy. Reminds me of closing one door only to notice everyone's sneaking in through the window. Protectionism might feel good, but tech always finds another route around.
jonplackett|11 months ago
tzs|11 months ago
andrewmcwatters|11 months ago
unavoidable|11 months ago
If the policy is intended to bring back US manufacturing, it would not be haphazardly implemented where the rates/industries/countries affected change by the hour. The best example are auto tariffs and steel/aluminum tariffs, which are going to absolutely destroy US auto manufacturing (where do we think the steel and aluminum used in cars are coming from?). An actual "reshoring" policy would be (1) targeted and (2) scheduled well in advance. So it obviously isn't that.
It also can't be part of a drug policy, since whatever Trump is saying about Canada is clearly false (Canada accounts for less than 1% of illicit fentanyl trade and is a net _importer_ of illegal drugs and guns _from_ the US), thus no policy can really impact this trade.
It also clearly can't be part of an energy policy, since US refineries are designed to accept a huge amount of Canadian and South American heavy crude (very little of which is produced in the US), so the oil tariffs can't possibly "onshore" more production of heavy crude.
The long-held theory by some that he's wrecking the economy for insider trading also doesn't make sense, because his favoured allies like Musk are losing tons of money right now, and an "insider trading" strategy would be much more regularly spaced rather than changing by-the-hour.
That leaves, by deduction, only a few possibilities:
* Trump really is intentionally wrecking the economy, for known or unknown reasons:
* He's wrecking the economy by instruction from a foreign agent (e.g. Putin - certainly indirect evidence exists)
* He's wrecking the economy because his donors told him to (e.g. Musk, other billionaires - unlikely because why would they want that? They would rather have the stock market go straight up, right?)
* He's wrecking the economy so that his "friends" can trade on the market with insider information (see above - seems unlikely based on the pattern)
* He's wrecking the economy so that his "friends" can buy things cheaply (would have been plausible but for the widespread collateral damage he's causing)
* Trump actually genuinely believes in tariffs (he's a product of the 80s after all)
* Trump actually genuinely hates Mexico, Canada, Europe, and China (seems plausible based on his personality and that of his political base)
* Trump really has no idea what he's doing (judge for yourself)
Terr_|11 months ago
You may have missed where Trump and apparatchiks repeatedly stated they want to collect so many billions of dollars from tariffs that it replaces Federal Income Tax. [0]
Do they really want that in their souls? With the benefit of the past few years, I say that's the wrong question. Hanlon's Razor [1] fails on some pathological inputs, flavors of bullshit that cause it to time-out and situations where the costly result has no practical value. Sometimes it's just malcompetence.
[0] https://www.cnn.com/2025/02/20/economy/trump-abolish-irs/ind...
[1] https://en.wikipedia.org/wiki/Hanlon%27s_razor
m463|11 months ago
brookst|11 months ago
If you look at them as an attack on the US, everything makes a lot more sense.
whoisthemachine|11 months ago
__MatrixMan__|11 months ago
9283409232|11 months ago
tempodox|11 months ago
unknown|11 months ago
[deleted]
VoodooJuJu|11 months ago
[deleted]
oceanplexian|11 months ago
Foreign government's have an easy solution to solve the problem.
Don't unfairly advantage your goods and services against American products and we won't do the same. Free trade shouldn't mean "Free trade for one side". Free trade should be contingent on reciprocity, both in terms of social and economic alignment.