Those new AI datacenters will get hit hard by that if it goes through. And Elon Musk is still trying to build them. That is a 25% tarrif on every CPU, motherboard, NVME drive, GPU, network switch, and optic.
Unless import duties only apply to chips not soldered into devices in which case all the foreign produced stuff is fine and the American assembled stuff is no longer competative. Oops
Anyone who thinks tariffs will do anything at all positive for the American working class is absolutely clueless.
All they do is make prices jump for consumers. It doesn’t put domestic goods at an advantage because the domestic producers of those goods increase their prices artificially to achieve parity with import pricing.
So prices go up for the consumer with the extra money going to either:
For imported goods, to pay the tariff, a tax, to the government, which in this case wants to use that tax revenue to offset tax cuts for the wealthy.
or
For domestic goods, it’s pure straight profit for the unethical corporations who are price gouging their domestic customer base. They’re not giving the consumer a break on price and they’re not sharing the profits by giving employees raises. Hell, they’re not even taking advantage of the competitive advantage to ramp up production and create jobs. They’re just pocketing that extra cash for doing exactly what they’re always doing…passing it on to, you guessed it…the wealthy.
assumes that domestic producers can produce with similar costs as their international competitors, which obviously isn’t the case in most circumstances. In fact, the entire point of tariffs, that are meant to protect domestic industry, is raising domestic competitiveness. If they’d already be equally competitive to international producers, tariffs wouldn’t do much.
tariffs are just a tax on the plebs. more money for them to funnel into billionaire pockets.
Those new AI datacenters will get hit hard by that if it goes through. And Elon Musk is still trying to build them. That is a 25% tarrif on every CPU, motherboard, NVME drive, GPU, network switch, and optic.
Unless import duties only apply to chips not soldered into devices in which case all the foreign produced stuff is fine and the American assembled stuff is no longer competative. Oops
You really think Elon is paying tarrifs? Or bills? Or his employees?
For facist exceptions are the point. If you can curry favor you can get exceptions.
They’ll carve out a spot so Muskrat doesn’t lose any of his hundreds of billions.
It’s possible AI data centers will just be outsourced to other countries. You don’t really need the data center to exist locally in the US
Yes you do.
Anyone who thinks tariffs will do anything at all positive for the American working class is absolutely clueless.
All they do is make prices jump for consumers. It doesn’t put domestic goods at an advantage because the domestic producers of those goods increase their prices artificially to achieve parity with import pricing.
So prices go up for the consumer with the extra money going to either:
or
That’s the entirety of trump’s followers.