I just imposed a series of tariffs on goods made in China:
25% on steel and aluminum,
50% on semiconductors,
100% on EVs,
And 50% on solar panels.
China is determined to dominate these industries.
I'm determined to ensure America leads the world in them.
My first question is how does this work with say Aliexpress or LCSC etc component orders?
Does he want to kill the remaining electronics production? It's literally forcing manufacturers to outsource the assemblies or full production abroad.
https://twitter.com/POTUS/status/1790385220983677016QuoteI just imposed a series of tariffs on goods made in China:
25% on steel and aluminum,
50% on semiconductors,
100% on EVs,
And 50% on solar panels.
China is determined to dominate these industries.
I'm determined to ensure America leads the world in them.
Don't make me lock this thread or delete posts because you want to talk politics.
If you want to talk about the practical aspects of this, without the politics, please do so, otherwise do not post in this thread.
My first question is how does this work with say Aliexpress or LCSC etc component orders?
https://twitter.com/POTUS/status/1790385220983677016
My first question is how does this work with say Aliexpress or LCSC etc component orders?
Good luck with that one, seems very short sighted to me.
They may be able to wack a tariff on direct semiconductors from china, but any company needing a chinese device will find a way around it. Simply import through another country.
https://twitter.com/POTUS/status/1790385220983677016Oh, and don't forget the excuse for this, that the Chinese government is subsidising its own manufacturers and that's anti-competitive. Something the US would never, ever do, and pay no attention to posts like this from the White House. I mean the CHIPS Act alone is a $39 billion subsidy for US manufacturers, and that's just one of many.
Does he want to kill the remaining electronics production? It's literally forcing manufacturers to outsource the assemblies or full production abroad.It's easy. You have 50% VAT on semiconductors, and normal tax on PCBAs or products, then you assemble it abroad and import the PCBAs. Task failed successfully. Also, enjoy EU exporting their electronics with Chinese parts inside. And being more competitive in pricing (and honestly, usually also better quality).
Don't make me lock this thread or delete posts because you want to talk politics.
If you want to talk about the practical aspects of this, without the politics, please do so, otherwise do not post in this thread.
Hypocrites. [...]
https://twitter.com/POTUS/status/1790385220983677016Oh, and don't forget the excuse for this, that the Chinese government is subsidising its own manufacturers and that's anti-competitive. Something the US would never, ever do, and pay no attention to posts like this from the White House. I mean the CHIPS Act alone is a $39 billion subsidy for US manufacturers, and that's just one of many.
Going to be a lot of US production moving south of the border to Mexico, and similarly to Canada, and only finished goods coming in, avoiding these surcharges. Also will be a whole lot of stuff that gets shipped to an intermediate country to get the paperwork washed, container in, washed container out, with the same seals still on it, and it did not even leave the ship.
Not surprising really.
The 100% on cars is going to hurt the sales of BYD which seems to be a fast growing business at the moment. Might give tesla a chance to catch up with sales again.
BYD sales were down 43% on 1Q 2024 so Tesla is ahead again
Here in the UK "country of origin is defined as the last country that major work was performed on, so if a kit was produced in the UK that contained a chinese semiconductor, then the country of origin of that kit is the UK.
BYD sales were down 43% on 1Q 2024 so Tesla is ahead againWho is BYD?