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[–] 16 points 1 year ago (4 children)

I watched part of this announcement and he said something I normally don't pick up on

"If they have started to build or have plans to build they don't have to pay the tariff."

Sounds like.jobs.

But what I heard was it was a discount for the oligarchy. Why do you only get a discount if you are in the position to at least pretend to be building a factory?

And then since prices are now double, you get to import and sell at an easy profit.

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  • [–] 8 points 1 year ago (1 child)

    Even once it opens, it's cheaper to pay taxes on an empty factory than it is to pay tariffs or American workers.

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  • [–] 2 points 1 year ago

    Plus of course the problem that chip manufacturing is not a US traditional industry, so there probably isn't that much skilled labor.

    Ironically they're probably going to end up having to hire foreign nationals.

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  • [–] 5 points 1 year ago

    Yeah, Apple's stock went up 5% yesterday because of Tim Cook's meeting with Trump (where he promised $600 billion investment in US manufacturing), and Apple's saying they won't be affected by the new 50% tariffs on India. There are also ghost factories that were built during Trump's first term.

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