"You get a tariff, you get a tariff, everybody gets a tariff!" - Official Trump Taxes® Thread | 05/12 : US and China slash tariffs to 30 and 10
- Thread starter Liu Kang
- Start date
Dead man walking
More Chaos: Trump Admin Signals New Tariffs on Electronics From China After Pause
After announcing an exemption for smartphones, computers and other electronic goods on Friday, White House officials now say more tariffs are coming.
www.rollingstone.com
More Chaos: Trump Admin Signals New Tariffs on Electronics From China After Pause
On Friday, the administration announced an exemption for smartphones, computers, and other devices, but this weekend White House officials say more tariffs on those goods are coming
April 13, 2025
Donald Trump looks on during a cabinet meeting in the Cabinet Room of the White House on April 10, 2025, in Washington, DC. Brendan Smialowski/Getty Images
The Trump administration had announced tariffs on products from China only to walk back that decision on Friday, issuing an exemption from astronomical 145 percent reciprocal tariffs for smartphones, computers, semiconductors, and other electronic devices — although other tariffs would still apply.
But on Sunday, the administration had senior White House trade adviser Peter Navarro and Commerce Sec. Howard Lutnick on NBC’s Meet the Press and ABC’s This Week, respectively. Both only added to the confusion around the issue.
Lutnick said that the technology exemption was only put in place temporarily until the administration can write a new policy for those goods.
“Those products are going to be part of the semiconductor sectoral tariffs which are coming,” Lutnick told host Jonathan Karl. “So, you’re going to see this week there will be a register in the federal registry. There will be a notice put out.”
Lutnick added that semiconductors and pharmaceutical imports from China are “going to have a special focus-type of tariff to make sure that those products get reshored,” adding that those tariffs “are coming in probably a month or two.”
“Our medicines and our semiconductors need to be built in America. Donald Trump is on it. He’s calling that out,” Lutnick said. “So, you should understand these are included in the semiconductor tariffs that are coming and the pharmaceuticals are coming.”
Experts have warned that forcing a company like Apple to manufacture iPhones in America could come at a very steep cost, potentially doubling the cost of manufacturing the device, according to Bank of America analysts led by Wamsi Mohan. The cost of labor alone could increase 25 percent, they said. Another analyst, Wedbush’s Dan Ives, estimated that an iPhone made in the U.S.A. could cost $3,500 — nearly tripling the retail price. Apple currently manufactures more than 80 percent of its products in China.
“It’s pie in the sky,” Jeff Fieldhack, research director at Counterpoint Research, told CNBC of an American-made iPhone.
More confusingly, Navarro insisted that the exemptions for electronics from reciprocal tariffs the White House announced on Friday are “not exclusions” to Trump’s tariff policy.
“The policy is no exemptions, no exclusions,” Navarro told Meet the Press moderator Kristen Welker.
“Even the White House called it an exclusion,” Welker pointed out.
Despite the chaos and apparent flip-flopping, Navarro claimed the tariffs are “unfolding exactly like we thought it would in a dominant scenario.” (Anticipating the tariffs going into effect, the markets dipped, which Trump Treasury Sec. Scott Bessent, a multimillionaire, said was “healthy.” When the tariffs first began, the stock market plunged further and still hasn’t fully recovered. Trump has claimed the crash was intentional.)
Democrats meanwhile have been heavily critical of the administration’s tariffs and their effect on the markets.
“There is no tariff policy,” Sen. Elizabeth Warren said Sunday on ABC. “It’s all just chaos and corruption. That’s all we have going on. And how can you believe any of these guys?”
She continued by advocating for Congress to intervene: “These guys are into chaos and into corruption, and this is the reason it is time for Congress to step up and to say, under the authority that the president is currently using by declaring these national emergencies, ‘No.’ The law says specifically Congress can just say, there’s no national emergency across the board here, and revoke that authority from the president.”
Warren said that the courts could step in to stop Trump but that Congress should not wait for that because it has the power to intervene. “Every Democrat is ready to go, to push back and take away from the president the power he’s now exercising and the chaos he’s now creating,” she said.
“The question is whether or not the Republicans will join us in this,” she continued. Trump’s extreme approach to tariffs has Republicans scrambling to defend and make sense of the president’s aggressive strategy.
“There will be a vote in about 15 days,” Warren said. “The Republicans can either decide that their entire job is to do nothing but bow down to Donald Trump, or the Republicans in Congress can say that their job is to stand up for the American people and to stand up for the American economy and roll back what Donald Trump is doing.”
Warren also pressed the Securities and Exchange Commission to conduct a “sweeping review of all securities trades” to investigate whether federal officials, including Trump, violated insider trading laws.
“It’s entirely appropriate to have an investigation to make sure that Donald Trump, Donald Trump’s family, Donald Trump’s inner circle didn’t get advance information and trade on that information,” Warren said. She also mentioned legislation she introduced to block members of Congress from insider training.
“The American people should never have to wonder, when the president, when his Cabinet, when members of Congress are making a decision, whether it’s for the good of the country or for the good of their own bank account,” she said.
Three of four Americans polled by CBS News/YouGov said they believe Trump’s tariffs and trade policies will benefit the wealthy and increase prices in the short term, while 71 percent said that large corporations will benefit.
The New York Times (@nytimes.com)
China has suspended exports of rare earth minerals and magnets crucial to the world’s automakers, aerospace manufacturers and military contractors. The crackdown is part of the country’s retaliation for President Trump’s sharp increase in tariffs...
bsky.app
Can't they cripple the US military with this? This country is so fukking stupid.
yeah. we’re gonna have to invade a few countries in a few months unless trump fixes this.The New York Times (@nytimes.com)
China has suspended exports of rare earth minerals and magnets crucial to the world’s automakers, aerospace manufacturers and military contractors. The crackdown is part of the country’s retaliation for President Trump’s sharp increase in tariffs...
Can't they cripple the US military with this? This country is so fukking stupid.
Spidey Man
Superstar
I'm more worried about China starting a war in the Pacific now than I was back in November. The economics of the China/US trade relationship is one of the reasons keeping China from invading. Take that away and what's really stopping them? US/allies probably run out of missiles before they run out of bodies. Trump probably threw that away for nothing
mastermind
Rest In Power Kobe
Trump is an idiot but this is also an example of how stupid capitalism is. Why not stockpile rare earth minerals?
1/11
@RichardHanania
One sign that American elites are honorable is that no mainstream economists are standing up and saying they support Trump's policies.
Batya and Oren Cass are on Fox all day because they're willing to make fools of themselves. But if you're an economics professor at Michigan or Princeton or whatever, all you would have to do is defend Trump's policies and you would cash in. This is why Peter Navarro is in the position he's in. To be pro-Trump is the most extreme form of affirmative action there is.
MAGA would love to have mainstream credibility. You could be on Fox every day. Crank out a book and get it promoted on all right wing talk radio and social media accounts. Probably a government job.
Instead, it's only Batya and Oren everywhere.
This indicates that economists have too much decency and integrity for this grift. It's remarkable how few people sell out given how easy it is to ride the MAGA wave towards money and power.
2/11
@RichardHanania
There are right wing and left wing economists. They all get the basic idea that central planning doesn’t work. The Humble Capitalist
3/11
@Langerhans_isle
Dave Navarro has put his reputation on the line. (I think that's the one.)
4/11
@RyanPortland2
You raise a good point but I'm not sure an MIT professor could rise to the level of Hawk Tuah girl in MAGA. Yes, he would be hero to Fox Business but would struggle to monetize fame.
5/11
@dawallach
Elite experts should be prized. After all, we collectively bear a huge cost to produce them. I always ask the anti-expert class what they think a compelling alternative is to experts and they have no ideas. Citizen science is a cool concept but hasn’t actually yielded much value.
6/11
@mathepi
You make a good point here.
7/11
@powerfultakes
You too deserve some recognition for not selling out Richard.
8/11
@joelcardwellX
Well now you know someone will take you up on the challenge.
It’s only a matter of time.
Greed, after all, is good.
9/11
@paulmidler
There tends to an orthodoxy in economics, at least in regards to certain ideas
10/11
@doobydoobadooby
Eh, I think it's much less that they're honourable, and much more that they value the respect of academia more than millions of dollars. If there was a chance for an economist to totally sell out their honour, but be loved by academics for it, at least a couple would sell out
11/11
@SpaceXNews
Economists stand on business
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
@RichardHanania
One sign that American elites are honorable is that no mainstream economists are standing up and saying they support Trump's policies.
Batya and Oren Cass are on Fox all day because they're willing to make fools of themselves. But if you're an economics professor at Michigan or Princeton or whatever, all you would have to do is defend Trump's policies and you would cash in. This is why Peter Navarro is in the position he's in. To be pro-Trump is the most extreme form of affirmative action there is.
MAGA would love to have mainstream credibility. You could be on Fox every day. Crank out a book and get it promoted on all right wing talk radio and social media accounts. Probably a government job.
Instead, it's only Batya and Oren everywhere.
This indicates that economists have too much decency and integrity for this grift. It's remarkable how few people sell out given how easy it is to ride the MAGA wave towards money and power.
2/11
@RichardHanania
There are right wing and left wing economists. They all get the basic idea that central planning doesn’t work. The Humble Capitalist
3/11
@Langerhans_isle
Dave Navarro has put his reputation on the line. (I think that's the one.)
4/11
@RyanPortland2
You raise a good point but I'm not sure an MIT professor could rise to the level of Hawk Tuah girl in MAGA. Yes, he would be hero to Fox Business but would struggle to monetize fame.
5/11
@dawallach
Elite experts should be prized. After all, we collectively bear a huge cost to produce them. I always ask the anti-expert class what they think a compelling alternative is to experts and they have no ideas. Citizen science is a cool concept but hasn’t actually yielded much value.
6/11
@mathepi
You make a good point here.
7/11
@powerfultakes
You too deserve some recognition for not selling out Richard.
8/11
@joelcardwellX
Well now you know someone will take you up on the challenge.
It’s only a matter of time.
Greed, after all, is good.
9/11
@paulmidler
There tends to an orthodoxy in economics, at least in regards to certain ideas
10/11
@doobydoobadooby
Eh, I think it's much less that they're honourable, and much more that they value the respect of academia more than millions of dollars. If there was a chance for an economist to totally sell out their honour, but be loved by academics for it, at least a couple would sell out
11/11
@SpaceXNews
Economists stand on business
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
1/10
@CNBC
Trump's ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion https://www.cnbc.com/2025/04/12/aut...&utm_medium=social&utm_source=twitter
2/10
@jlentz3
Can’t wait to see what happens to the used market
3/10
@aceninebiz
Bullish for Tesla
4/10
@Nxt_exchange
So buy Ford or Telsa?
5/10
@mulltiy
they need to be removed asap
6/10
@TrashMoney69
Cue the price drop in autos to remain competitive
7/10
@FrakkJason47117
So much for making cars great again. Looks like they'll just be expensive again.
8/10
@anandvijay123
That $100B? Might just buy back American industry. You can’t rebuild a manufacturing base without shaking the ground beneath it.
9/10
@clantro
Nope, I’m buying a Ford
10/10
@Irsheyzs2
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
@CNBC
Trump's ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion https://www.cnbc.com/2025/04/12/aut...&utm_medium=social&utm_source=twitter
2/10
@jlentz3
Can’t wait to see what happens to the used market
3/10
@aceninebiz
Bullish for Tesla
4/10
@Nxt_exchange
So buy Ford or Telsa?
5/10
@mulltiy
they need to be removed asap
6/10
@TrashMoney69
Cue the price drop in autos to remain competitive
7/10
@FrakkJason47117
So much for making cars great again. Looks like they'll just be expensive again.
8/10
@anandvijay123
That $100B? Might just buy back American industry. You can’t rebuild a manufacturing base without shaking the ground beneath it.
9/10
@clantro
Nope, I’m buying a Ford
10/10
@Irsheyzs2
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
1/11
@tanyajunghans
This is the menace.
He has a female counterpart who is exposing cosmetics.
[Quoted tweet]
It’s a blood bath on TikTok right now.
https://video.twimg.com/amplify_video/1911307412683755520/vid/avc1/576x1024/pdKMrJ3QG01PHJSS.mp4
https://video.twimg.com/amplify_video/1911305380325425152/vid/avc1/576x1024/S2Dv5auNc8pk8m2x.mp4
2/11
@tanyajunghans
Lmao
He’s on an aggressive campaign
https://video.twimg.com/amplify_video/1911312826297102336/vid/avc1/576x1024/nWsg7tu5L79GacH2.mp4
3/11
@justbreatheOK
So actually , if I go into China mall and buy a bag there , I'M THE ONE WITH THE ORIGINAL
4/11
@jayg_re
What’s his @
5/11
@DatHandsomeJerk
There is no discernible difference between a regular shirt and a supreme shirt. It’s still a low end $5 shirt.
6/11
@IrishBuddha25
Tim Cook said they manufacture iPhones in China not because of cheap labor, but because of the skill of the Chinese.
7/11
@0xRacist
I’m doing this for watches
8/11
@itsmnjn
everything is fake
money is a lie
luxury is a lie
9/11
@Quikolas17
Fun fact. A lot of the best leather comes from Northern Africa. They manufacture a SUPER MAJORITY of the bags exactly like dude is talking about here. It’s all true
10/11
@gimmieneckk
Trade is truly fascinating. We are literally buying brand names, whether it’s a replica or authentic, the materials and craftsmanship can be nearly identical. Luxury is honestly just a genius marketing concept.
11/11
@drxggybunny
Who wouldn't love a red rectangle for 300$ right
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
@tanyajunghans
This is the menace.
He has a female counterpart who is exposing cosmetics.
[Quoted tweet]
It’s a blood bath on TikTok right now.
https://video.twimg.com/amplify_video/1911307412683755520/vid/avc1/576x1024/pdKMrJ3QG01PHJSS.mp4
https://video.twimg.com/amplify_video/1911305380325425152/vid/avc1/576x1024/S2Dv5auNc8pk8m2x.mp4
2/11
@tanyajunghans
Lmao
He’s on an aggressive campaign
https://video.twimg.com/amplify_video/1911312826297102336/vid/avc1/576x1024/nWsg7tu5L79GacH2.mp4
3/11
@justbreatheOK
So actually , if I go into China mall and buy a bag there , I'M THE ONE WITH THE ORIGINAL
4/11
@jayg_re
What’s his @
5/11
@DatHandsomeJerk
There is no discernible difference between a regular shirt and a supreme shirt. It’s still a low end $5 shirt.
6/11
@IrishBuddha25
Tim Cook said they manufacture iPhones in China not because of cheap labor, but because of the skill of the Chinese.
7/11
@0xRacist
I’m doing this for watches
8/11
@itsmnjn
everything is fake
money is a lie
luxury is a lie
9/11
@Quikolas17
Fun fact. A lot of the best leather comes from Northern Africa. They manufacture a SUPER MAJORITY of the bags exactly like dude is talking about here. It’s all true
10/11
@gimmieneckk
Trade is truly fascinating. We are literally buying brand names, whether it’s a replica or authentic, the materials and craftsmanship can be nearly identical. Luxury is honestly just a genius marketing concept.
11/11
@drxggybunny
Who wouldn't love a red rectangle for 300$ right
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
1/11
@tanyajunghans
This is the menace.
He has a female counterpart who is exposing cosmetics.
[Quoted tweet]
It’s a blood bath on TikTok right now.
https://video.twimg.com/amplify_video/1911307412683755520/vid/avc1/576x1024/pdKMrJ3QG01PHJSS.mp4
https://video.twimg.com/amplify_video/1911305380325425152/vid/avc1/576x1024/S2Dv5auNc8pk8m2x.mp4
2/11
@tanyajunghans
Lmao
He’s on an aggressive campaign
https://video.twimg.com/amplify_video/1911312826297102336/vid/avc1/576x1024/nWsg7tu5L79GacH2.mp4
3/11
@justbreatheOK
So actually , if I go into China mall and buy a bag there , I'M THE ONE WITH THE ORIGINAL
4/11
@jayg_re
What’s his @
5/11
@DatHandsomeJerk
There is no discernible difference between a regular shirt and a supreme shirt. It’s still a low end $5 shirt.
6/11
@IrishBuddha25
Tim Cook said they manufacture iPhones in China not because of cheap labor, but because of the skill of the Chinese.
7/11
@0xRacist
I’m doing this for watches
8/11
@itsmnjn
everything is fake
money is a lie
luxury is a lie
9/11
@Quikolas17
Fun fact. A lot of the best leather comes from Northern Africa. They manufacture a SUPER MAJORITY of the bags exactly like dude is talking about here. It’s all true
10/11
@gimmieneckk
Trade is truly fascinating. We are literally buying brand names, whether it’s a replica or authentic, the materials and craftsmanship can be nearly identical. Luxury is honestly just a genius marketing concept.
11/11
@drxggybunny
Who wouldn't love a red rectangle for 300$ right
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
Sure but luxury economics is about paying for the brand not the product. It doesn't make much sense to the average joe because it's not about using the product, it's about collecting evidence of their wealth.
The wealthy buy the real thing because it's proof to other wealthy people they can afford it. That's the flex. They don't care if 90% is made in China, they probably even know it. It's the remaining 10% that matters and makes the product for them.
People who buy knockoffs do not navigate in the same waters. They only care about the appearance of being rich that the product will give them.
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