Trump Denies Tariff 'Exception' for Electronics, Promises New Electronics Tariffs Soon (go.com)
- Reference: 0177017585
- News link: https://news.slashdot.org/story/25/04/14/0038246/trump-denies-tariff-exception-for-electronics-promises-new-electronics-tariffs-soon
- Source link: https://abcnews.go.com/Politics/commerce-secretary-lutnick-tariff-exemptions-electronics-temporary/story?id=120752319
The [3] Wall Street Journal notes that Sunday the president himself posted on social media that "NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers... There was no Tariff 'exception' announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff 'bucket.'"
"The administration is expected to take the first step toward enacting the new tariffs as soon as next week," [4]reports the New York Times , "opening an investigation to determine the effects of semiconductor imports on national security."
[5]More from ABC News :
> Commerce Secretary Howard Lutnick said Sunday that the administration's decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve.. Lutnick said on "This Week" that the White House will implement "a tariff model in order to encourage" the semiconductor industry, as well as the pharmaceutical industry, to move its business to the United States. "We can't be beholden and rely upon foreign countries for fundamental things that we need," he said.... "These are things that are national security that we need to be made in America."
[1] https://news.slashdot.org/story/25/04/12/1539244/trump-tariffs-add-exemptions-friday-night-for-smartphones-and-other-electronics
[2] https://abcnews.go.com/Politics/commerce-secretary-lutnick-tariff-exemptions-electronics-temporary/story?id=120752319
[3] https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-14-25/card/trump-says-nobody-is-getting-off-the-hook-on-tariffs-kW7igWM1IztT47vwQnt2
[4] https://www.nytimes.com/2025/04/13/us/politics/trump-tariffs-china-chips-technology.html
[5] https://news.slashdot.org/story/25/04/12/1539244/trump-tariffs-add-exemptions-friday-night-for-smartphones-and-other-electronics
The uncertainty this fat fuck is causing (Score:4, Insightful)
Is going to cause a great depression. I am so fucking pissed off at the people who voted for this idiot. Especially because none of them have had their come to Jesus moment admit it they were wrong and started trying to make amends. It's just a bunch of those fuckers who say stuff like, he's not hurting the people he needs to be hurting.
The best part is I know the Trump voters understand they fucked up but they refuse to admit it. Meanwhile the left-wing is busy doing the usual ineffective bullshit and patting themselves on the back because a bunch of people showed up for party protests and the centrists think Trump's going to allow them to have elections in 2 years and they are excited at the prospect of taking back Congress. None of those groups is doing a damn thing about voter suppression and it'll be child's play for the Republican party, who controlled the local voter committees, to prevent enough Democrat voters from casting ballots to win.
Meanwhile because the economy moves slowly the blow back from this bullshit has only hit a handful of machinists and farmers so Trump is still rocking a 43% approval rating. and when the economy collapses I'm not so sure that's going to move. The people who voted for him have too much emotionally invested and too much of their identity invested. Hell a lot of them gave up their families and friends so they could worship Trump. Once you do that there really is no going back. Too much pride
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Remember how Reagan caused a recession when he first got in by using inflation as an excuse to crush demand, but got away with it?
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Reagan was a piece of shit, but he did inspire people with positive messages. Trump is no Reagan.
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Trump and Reagan are the same thing - actors, who read lines for the puppet masters.
The lines and the tone are somewhat different because the expectations have changed.
The plot, however, is the same.
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Reagan would get called a liberal woketard today for his policies.
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Reagan at least gave children of amnesty if their parents were in the process of legalizing under the Immigration Reform and Control Act of 1986. He did some shitty little stipulation about it only applying to two parent households. But that's better anything Trump has done to date.
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That was Carter's pick, Volcker. In fact that philosophy, that inflation should be fought no matter what the cost and that high unemployment was acceptable, was considered by most mainstream economists to be perfectly fine, until Biden proved it wasn't necessary (yes, I know prices were higher at the end of Biden's term, but at the end inflation - caused by the COVID crisis - was well under control and at normal levels, eggs excepted. It's ironic he got so much flack for it. Meanwhile throughout the Biden y
That wasn't the philosophy (Score:2)
This is an important distinction folks miss. It's not that they fought inflation at all costs it's that they fought it using the zap brannigan method, waves and waves of their own troops.
Basically high interest rates exist to force consumers to work longer hours for less pay while buying less. It's balancing the books on the backs of the working class.
Through it all is the understanding that when anything goes wrong we have to take it out on you and me. Instead of you know, actually solving the under
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Your comments are certainly interesting but, I'm not sure what country you live in. America doesn't have a "left wing". Trump's babble about "radical liberals" presumably refers to Bernie, who must terrify him in his nightmares, but is about as effectual as Barney the eggplant dinosaur.
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Sanders is amazing at getting Trump elected. The more people show for Sanders and AOC events, the harder Trump's flaccid penis gets. If Sanders works hard enough, Melania might feel something.
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As if they even sleep in the same room...or even the same building!
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America doesn't have a "left wing"
What are you even talking about? Maybe you should start [1]here [wikipedia.org].
[1] https://en.wikipedia.org/wiki/History_of_left-wing_politics_in_the_United_States
We've got a left wing (Score:2)
It certainly could be bigger but it exists and it does exert some influence. Remember the difference between the left wing and the right wing is that the right wing fundamentally wants to maintain a strict hierarchy that they perceive as being a natural order where is the left wing wants to generally improve the quality of life of everyone across the board.
This is one of the things people have a hard time with. The right wing and the left wing have not just fundamentally opposite goals but goals that ar
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> The best part is I know the Trump voters understand they fucked up but they refuse to admit it.
No, not all of them got the memo. I saw an imbecile last week stating "yeah, it's gonna be bad but sometimes you have to walk through fire".
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The uncertainty is part of the game. The outcome really comes down to who has the best hand. I have no idea what the answer is, and my stock portfolio hates what Trump is doing, but will hope that there is actionable relief coming.
I am a liberal but I do acknowledge that from a national security perspective the lack of domestic production of critical materials and equipment is unsustainable. I just fail to grasp what happens in the next 10 years before such capacity will exist.
WHITE POTUS (Score:2)
Stay tuned for tomorrow's episode of WHITE POTUS !
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> Stay tuned for tomorrow's episode of WHITE POTUS !
I thought most of the 4/12 episode of SNL hit the mark pretty well.
Congress needs to act fast (Score:3)
Trump is flailing around like a beached whale. trying to prove he has a plan. Congress needs to put the doofus out of his misery stat .
There's just not enough support (Score:2)
While the Senate passed the resolution to take the tariff away from Trump last week, they only did it by a 51-48 vote. The House won't pass it. Even if a few individuals flipped their vote and passed the bill, Trump would just veto it.
Until Trump pisses off at least two-thirds of both the House and Senate, this is how things are going to stay.
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> Until Trump pisses off at least two-thirds of both the House and Senate, this is how things are going to stay.
Or until the midterm elections, when the Dems will probably take over both houses of Congress - since Trump seems to be handing it to them on a plate.
Unless they manage to somehow screw that up, which would not surprise me in the least.
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All the kool aid drinkers are cheering.
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Trump's not trying to prove he has a plan, only that he's THE MAN.
Expensive lessons (Score:2)
Hundreds of billions of dollars to teach a 78 year old man some economics. Coursera would be a lot cheaper.
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If donald wanted to learn something, he'd done it 55 years ago in that worthless business college he graduated from.
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> Hundreds of billions of dollars to teach a 78 year old man some economics.
He *should* already know all this because, according to his [1]Wikipedia page [wikipedia.org],
> [Trump went to] the [2]Wharton School [wikipedia.org] of the University of Pennsylvania, graduating in May 1968 with a Bachelor of Science in economics.
I cannot fathom how he can so steadfastly believe/assert that foreign companies/countries, exporting goods, pay domestic import tariffs. Furthermore, literally *all* the financial people around him know the correct answer, and those in Congress should too, -- that importers pay those tariffs (taxes) and usually pass them onto consumers -- and yet they still tow his lies, and conservative media, who also know the correct answer, le
[1] https://en.wikipedia.org/wiki/Donald_Trump#Early_life_and_education
[2] https://en.wikipedia.org/wiki/Wharton_School
Re: Expensive lessons (Score:2)
Things will make a lot more sense to you when you realize he doesn't care about the economy in general. He's getting his, rewarding his friends, and doing favors, and that's all that matters to him.
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Ok, here's the deal with Trump's tariffs. It has nothing to do with his stated reasons. The real reason Trump is putting huge tariffs on all these countries is
Trump wants to use tariffs as a huge consumption tax on US consumers.
Trump wants the increased taxes to be used to offset some of the expected tax shortfalls caused by extending the "Trump tax cuts." This will be particularly important in getting the next federal budget with the huge tax cuts for the wealthy and corporations rammed through Con
stable genius strikes again (Score:2)
the sentile old fart is erratic and unpredictable, Trump has no common sense and is shooting from the hip like a drunk cowboy, i worry he will crash the economy and make the USA a pariah to the whole world
Never thought I'd say this, but... (Score:2)
Can we have Trump-45 back?
You know, the most ridiculous part of this temper tantrum is that the tariffs [1]aren't even being collected yet [cnbc.com]. As that article says: "Social media posts are not law on the pause and increase in tariffs." It's just absolutely insane that this convicted felon thinks that he can legislate by Tweet, as if there's some dock worker who's constantly monitoring Truth Social and changing the tax calculation in his computer the moment Trump issues a new rant online.
[1] https://www.cnbc.com/2025/04/11/customs-reports-glitch-in-system-used-by-freight-for-tariff-exemptions.html
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Just compare the cabinets, tells the story of 45 vs 47
Back-pedaling on the back-pedaling for PR points (Score:2)
Except that the first back-pedaling was real and in response to the Apple check clearing, while this second back-pedaling is somewhat nebulous, due in "a few months", "maybe" and will be without a doubt "a very Shtrong answer from America" and a "Beautiful thing", but later.
What a dotard.
But at least his health is good, except for the colon. He will outlast the period of history in which the US was a superpower.
Who would take the rsik? (Score:4, Insightful)
> Lutnick said on "This Week" that the White House will implement "a tariff model in order to encourage" the semiconductor industry, as well as the pharmaceutical industry, to move its business to the United States.
Setting up semiconductor production is an expensive and long term commitment. Who in there right mind would take such a risk when the rules of the game are changing by the hour?
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Not to mention the only company who makes the semiconductor machines is in the EU and subject to tariffs.
Alternatives (Score:2)
Maybe this is why they've moved on from teaching kids about AI to [1]teaching them A.1. [usatoday.com], they may not be able to compete in the jobs market, but at least they can grill!!
[1] https://www.usatoday.com/story/news/politics/2025/04/12/linda-mcmahon-a1-instead-of-ai/83059797007/
Instability is death (Score:3)
It is fascinating to watch someone destroy untold trillions of value so they can steal a few billions, with a third of the country cheering it on and the other two thirds just letting them do it.
Every time the story changes, it doesn't matter if it's a reversal or a new threat, the continual change itself is driving away investment. You can't invest in an unpredictable market.
apple Stock about to go on Sale (Score:1)
We will probably have another 10% lost on Monday, the stock market is making tons on money for someone
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Yup, he did this same thing his first term. He would say something to make the markets tank buy up stocks and announce anything that would send Wall Street higher and and then sell. Just prior to the announcement of pausing the tariffs, there was a huge spike in QQQ and SPY calls. I’m sure lots of people in the know made a killing that day.