Post AwuZY4ASHRPImCP1jU by chuckthewriter@mstdn.social
(DIR) More posts by chuckthewriter@mstdn.social
(DIR) Post #AwuZ3CgsXg4sEUqtXd by Nonilex@masto.ai
2025-08-07T01:41:09Z
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#Trump said Wednesday that he will impose a 100% #tariff on #ComputerChips, likely raising the cost of #electronics, #autos, household #appliances & other goods deemed essential for the #digital age."We'll be putting a tariff on of approximately 100% on #chips & #semiconductors," Trump said…. "But if you're building in the United States of America, there's no charge."#economy #inflation #PersonalFinance #business #recession #Trumpcession https://www.pbs.org/newshour/politics/trump-says-he-plans-to-put-100-tariff-on-computer-chips-likely-increasing-electronics-costs
(DIR) Post #AwuZFHxQmlMQ2jMBpQ by Nonilex@masto.ai
2025-08-07T01:43:22Z
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During the #COVID-19 #pandemic, a shortage of #ComputerChips increased the price of #autos & contributed to an overall uptick in #inflation.Inquiries sent to #chip makers Nvidia & Intel were not immediately answered.Demand for #computer #chips has been climbing worldwide, with sales increasing 19.6% in the year-ended in June, according to the World #Semiconductor #Trade Statistics organization.#Trump #tariffs #economy #inflation #PersonalFinance #business #recession #Trumpcession
(DIR) Post #AwuZQMgVYD1jtBisKW by Nonilex@masto.ai
2025-08-07T01:45:22Z
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Trump's tariff threats mark a significant break from existing plans to revive computer chip production in the #UnitedStates. He is choosing an approach that favors the proverbial stick over carrots in order to *incentivize* more production. Essentially, #Trump is betting that higher chip costs would force most companies to open factories domestically, despite the risk that #tariffs could squeeze corporate profits & push up prices for mobile phones, TVs & refrigerators.#economy #inflation
(DIR) Post #AwuZY4ASHRPImCP1jU by chuckthewriter@mstdn.social
2025-08-07T01:46:44Z
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@Nonilex yeah, I can't wait until I go into the local Best Buy And tell them that I'm only going to pay half price for that desktop on the display, because Best Buy is supposed to pay the rest of the tariff. I'm sure that the blue shirts that will try to sell me the computer will be laughing their collective heads off with that statement. At this point, I'm about ready to pull out the old floppy disks that I've had in the closet since 1997.
(DIR) Post #AwuZZQSQtNhOCHSZPs by chuksawa@discuss.systems
2025-08-07T01:46:57Z
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@Nonilex he's saying computer chips but he's thinking potato chips
(DIR) Post #AwuZa1FG7K96I8a4WG by Nonilex@masto.ai
2025-08-07T01:47:07Z
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By contrast, the bipartisan #CHIPS & #Science Act signed into #law in 2022 by then-President Joe #Biden provided more than $50 billion to support new #computer #chip plants, fund #research & train #workers for the industry. The mix of #funding support, #TaxCredits & other financial incentives were meant to draw in private investment, a strategy that #Trump has vocally opposed.#tariffs #economy #inflation #PersonalFinance #business #recession #Trumpcession
(DIR) Post #Awua4EZD9S0eIPJx9k by mast0d0nphan@mastodon.social
2025-08-07T01:52:32Z
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@Nonilex So all those AI-shilling techbros will turn on his ass, right?...RIGHT?!
(DIR) Post #AwuiKSzA6uodHTi6im by OnePlanet@ohai.social
2025-08-07T03:25:06Z
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@Nonilex He sure has tiny fingers in this photo
(DIR) Post #Awv71sjqdR0QVKmYwC by joeinwynnewood@mstdn.social
2025-08-07T08:01:49Z
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@NonilexBecause he hasn't done enough damage to the US and world economy yet?Did he sleep through all of his economics classes at Penn?Maybe he's planning to make Taiwan the 52nd state (after Canada) and everything will be fine...
(DIR) Post #Awvgtvc7eoFHSIfwSu by Tom@chattrbx.com
2025-08-07T14:43:49Z
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@Nonilex Well, he *says* he's going to. His nickname TACO has been given for a reason.