Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make many of their products.
  • xyzzy@lemm.ee
    74·
    3 months ago

    As a side note, can you imagine being an accountant and trying to keep track of the tariff declarations that are changing daily?

    • frickineh@lemmy.world
      18·
      3 months ago

      I’m pretty sure all the people who deal with imports have to be on the verge of a mental breakdown. What a nightmare. Policy made by a petty, stupid tyrant based on apparently nothing but vibes and changing as often as he shits his diaper is no way to run a country, but here we are.

    • Today@lemmy.world
      11·
      3 months ago

      A friend works for a hardscaping company - sidewalks, drainage, parking lots, etc. Every day she gets an email about price changes on equipment and materials. It’s making her crazy!

    • infectoid@lemmy.worldEnglish
      7·
      3 months ago

      I once worked on a project to calculate tariffs on goods for an importer. It was a massive job with lots of edges cases. And that was under normal conditions.

      My gut feel is that some, maybe even most of this can be worked in, but there is absolutely going to be shit going under the radar because it’s too hard, too confusing or out right contradictory.

      • admin@sh.itjust.works
        10·
        3 months ago

        I’ve exported computer parts before and you’d be surprised that the way to declare them is not: “gaming PC” or “Macbook air 13"” in the customs form but more like “Data processing machines” and if you were to ship a motherboard, it has to be declared as “Data Processing Machine Parts” or whatever it is, with a totally different code and classification, same thing for memory devices, for CPUs and even for storage devices.

        So yeah, I have a feeling they won’t even bother covering all the angles and just allow assembled computers, phones (since the US made iPhone is impossible at this point) and “chips” whatever they decide classifies as a chip.

    • lemmysquezzy@lemmy.world
      5·
      3 months ago

      It’s been hell since the start of February. Reporting from the front lines. I’ve got folks working 16 hour days right now to keep supply chains moving.

  • dhork@lemmy.worldEnglish
    57·
    3 months ago

    Basically, a lot of the important shit that the CEOs of companies who contributed to his campaign depend on. So, he is caving, but only for his big donors.

    I hope China doesn’t back down, though, and keep their counter-tariffs in place until all our dumb tariffs are taken away. Bullies only understand force.

  • BigMacHole@lemm.ee
    8·
    3 months ago

    Thank YOU Trump for Allowing these Exemptions!

    -Americans who Thanked Trump for the TOTAL Tariffs just a Couple Days ago!

  • Mossheart@lemmy.ca
    4·
    3 months ago

    Cool, but the prices that were raised because of tariffs won’t go down so quickly. It’ll just go into the pocket of the corps.

    • 𝚜𝚑𝚊𝚍𝚎𝚊𝚛𝚐@lemmy.worldEnglish
      2·
      3 months ago

      Deflation is a four letter word to these people, and I have seen economic pundits excoriated for even mentioning the term.

      The consumer won’t regain what was lost without a fight.

  • foggy@lemmy.world
    1·
    3 months ago

    Man I almost bought a new phone ahead of the inevitable price hikes.

    Cut the shit, asshole.