Trump Admin Walks Back Tariff Exemption On Electronics
www.huffpost.com
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.

cross-posted from: https://lemmy.world/post/28194139

Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.

In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.

…

“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

  • ikidd@lemmy.worldEnglish
    8·
    5 months ago

    I bet all those manufacturers that decided in the 3 days that the tariffs were active on electronics to move all their operations and build new factories to America are happy that their decision was the right one after all.

    The rules will surely not be changed again.

    • thanks AV@lemmy.world
      6·
      5 months ago

      Apple supposedly flew 500 tons of new phones from China to import them before the tariffs came in last tuesday lol

      I honestly can’t get enough of it. All these shitty business owners are finally getting fucked over by their special baby and he’s breaking their backs lmaoo

      we’ll beat the tariffs, I’ll bring my inventory over before they go into effect

      spends exorbitant fees filling planes full of phones

      tariffs are suspended

      (ノ゜ο゜)ノ

      tariffs are suspended

      • catloaf@lemm.eeEnglish
        1·
        5 months ago

        I don’t think Apple really lost much money doing that. It’s not like the phones are going to spoil. They’ll just send the next batch of new ones from Taiwan to backfill the inventory.

        • thanks AV@lemmy.world
          1·
          5 months ago

          They definitely also ramped up production and ran huge overtime to get those phones delivered before the deadline. I’m pretty sure they’re taking a hit for that. The whole point was to get them in before the deadline and then sell them at the inflated post-tariff price. Now that whole idea kinda doesn’t work out. It’s deliciously hilarious.

      • ploot@lemmy.blahaj.zoneOPEnglish
        3·
        5 months ago

        Tariffs came in last Tuesday, were removed on Friday, came back on Sunday. I expect Tim Apple is loving the daily surprises.

  • Kazumara@discuss.tchncs.de
    28·
    5 months ago

    Once again there are choosing the course of action that sabotages their power the most.

    If they want to move investors, they have to change the rules once in a consistent way that looks stable, and convince them that an investment will have time to pay off in the new environment. By changing the environment constantly and in contradictory ways they make that impossible.

  • no banana@lemmy.world
    51·
    5 months ago

    Feels like the trade policy of the United States is entirely made up by four guys in a room. That’s the wrong way to do politics.

    • tal@lemmy.todayEnglish
      331·
      5 months ago

      One of whom is inside-trading prior to each announcement.

    • IninewCrow@lemmy.caEnglish
      9·
      5 months ago

      It isn’t the work of one man or even five or six … it’s an entire political party and all their wealthy backers and supporters who are financing this circus that are either working at this, supporting it, enabling it or just standing aside and doing nothing to stop it.

      Stop thinking that this is the work of one powerful person … it’s all enabled by an entire community of idiots that want all of this.

      • no banana@lemmy.world
        4·
        5 months ago

        I didn’t say that it wasn’t. I said what it feels like. I don’t want any politics to feel that way. It should feel like there’s an entire organized plan behind it, but it feels like it’s just some people throwing shit at the wall and seeing what sticks, which in itself is pretty shit.

    • catloaf@lemm.eeEnglish
      12·
      5 months ago

      That’s far too generous. It’s one guy on a toilet with a phone.

    • meyotch@slrpnk.net
      2·
      5 months ago

      That bit has been stuck in my head for a minute now, with all these re-reversals.

      Do you have any idea the toll this takes on the economy?

  • werefreeatlast@lemmy.worldBanned
    210·
    5 months ago

    A little wishy, a little washy.

    As for me, I managed to get banned from a channel on here. They posted an image of vegan shoes so I followed the joke up with some reality…YouTube allowed videos of how cattle are stunned and then skinned. I didn’t add any text so they assumed I was glorifying that shit.

    Such is life I guess. Maybe I should impose a tariff on my neighbors to feel better about my self.

  • AizawaC47@lemm.eeEnglish
    31·
    5 months ago

    Did Muck and Zuckidiot had a meeting with the orange men begging him to not put tariffs? What about Cook? Oh my oh my, smells like market manipulation and Bribery 1 on 1. Very incentive indeed.

  • N0body@lemmy.dbzer0.comEnglish
    169·
    5 months ago

    The good thing is that there’s a steady hand on the wheel exercising unprecedented levels of power. He clearly has a plan to do things, undo them, redo them, undo them again, etc. according to a clearly defined plan.

    Imagine if the guy claiming dictatorial powers was just winging it from one moment to the next. What a nightmare scenario that would be.