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US tech tariff exemption may only be temporary, says Lutnick
- mraniki 2y agohttps://archive.is/2025.04.13-141728/https://www.ft.com/content/9038804f-cf69-4193-9332-8b5ea1f9af4b https://archive.is/2025.04.13-141728/https://www.ft.com/cont...
- mraniki 2y ago> When asked to clarify whether tariffs on iPhones might “come back on in a month or so”, Lutnick replied: “Correct. That’s right . . . We need our medicines and we need semiconductors and our electronics to be built in America.” They need their medecine. So much incertitude….
- beardyw 2y agoYes, just a month or two to replace China.
- nielsbot 2y ago[flagged]
- kmeisthax 2y agoGood thing they didn't happen to, oh, completely shut down a prior administration policy designed specifically to fund the construction of the factories needed to make those semiconductors onshore. Oh wait...
- disgruntledphd2 2y agoThey actually haven't shut it down yet, because they're a bunch of less than competent people selected for loyalty.
- seydor 2y ago"One month is enough time to reshore semiconductors" - someone, probably
- sgarrity 2y agoThat was close. We almost had clarity on something for a minute.
- matwood 2y ago[flagged]
- sjsdaiuasgdia 2y agoWho's going to bother to invest in American manufacturing when the tariff "strategy" changes daily? How many times will the tariffs shift between Lutnick's comments here and 1 month from now? Uncertainty does not encourage investment. So, we probably shouldn't believe them when they say that's why they're doing this.
- the-golden-one 2y agoThis is the key point. It’s uncertainty which spooks the markets and investor confidence.
- hedora 2y agoAre there any decent alternatives? At what point does transparent securities fraud generally lead to capital flight?
- whatshisface 2y agoMost of the world has an unstable government that does stuff like this every decade or two at least. If the US is going to be just as bad, everywhere is an alternative, although none of them will be as good as the US was.
- rsynnott 1y ago... I mean this is the sort of thing that _developing world_ countries do, sure, but it's not at all the norm for a developed economy.
- whatshisface 1y agoI would say that most of the world falls into that category.
- HarHarVeryFunny 2y agoThere's tons of global markets to invest in, not just US, and of course other US investment instruments other than stocks if you feel those are more investable in current climate. There has already been capital flight. Trump's (temporary?) U-turn on tariffs was due to a massive sell-off in US Treasuries, largely by the Japanese, which caused yields to jump.
- tootie 2y agoEverything is temporary. Very enlightened of Mr Lutnick to remind us as he wipes away the Mandala of American trade policy one more time.
- disgruntledphd2 2y agoIt's profoundly depressing that this is all so badly thought out. Like, how is anyone supposed to plan for anything with this kind of governance?
- whatshisface 2y agoIt was planned, but they honestly did not know it would destroy so much so quickly that they'd be associated with negative consequences.
- triceratops 2y agoOk but that's worse.
- foogazi 2y agoSo badly planned then
- rsynnott 1y agoYes, that's the point, they're utterly incompetent.
- deleted 2y ago[deleted]
- quantum_state 2y agoWith out-of-touch guys like this managing the country, how would it be possible to evade disaster, let alone winning?
- seydor 2y agoBack and forth and back again. In other news, invest in Bitcoin, far more stable
- mschuster91 2y agoBitcoin... not sure if that's a good idea, especially given the fact both Trump and his wife launched their own memecoins already.
- lawn 2y agoPretty sure it was a joke, that Bitcoin is more stable than the administration.
- jillyboel 2y ago[flagged]
- paradox242 2y agoHow is anyone supposed to operate a business in this environment.
- aredox 2y agoAsk all the businessmen who praised and bankrolled this clown show, thinking he could be kept under control (like German businessmen thought they could rein in the little mustached man after he'd crushed the leftist)...
- sampton 2y agoJust like that, appl rally was killed before Monday could start. What a bunch of clowns.
- deleted 2y ago[deleted]
- belter 2y ago- Jan 20 – Inauguration & Tariff Promises - Feb 1 – Tariffs Imposed on Canada, Mexico, and China - Feb 3 – Temporary Pause on Tariffs - Mar 4 – Tariffs Reinstated - Apr 2 – "Liberation Day" Tariff Announcement - Apr 9 – Tariff Reversal - Apr 12 – Trump Adds Tariff Exemptions Using a moving average algorithm, adding a phi factor of 0.89 for corruption, and a beta factor of 0.67 for chaos, we predict the next tariff policy change to occur around April 26 (+/- 2 days margin error)
- ytpete 1y agoMissed the one this thread is about, too! - Apr 13 - Lutnick says exemptions going away "in the next month or two"
- jaybrendansmith 1y agoUsing numerical analysis, can someone please plot the inevitable destruction of the American state? I'd like to make some plans to get the fuck out of here before this shit show sinks to the bottom of the sea.
- lifestyleguru 2y agoPerson bankrupting casinos and doing crypto rug pulls, started doing stock exchange rug pulls. That's it and nothing else. One trick pony.
- _DeadFred_ 2y agoOn some podcast they were saying Trump ran his business 30 days out. He did what he to in order to survive the next 30 days.
- rasz 2y agoOf course it is. It will require a regular Maralago dinner subscription.
- johnohara 2y agoCreating the most abject chaos imaginable, grabbing all the floatation devices while those around you tread turbulent waters, is by most definitions, diabolical.
- inverted_flag 2y agoCongress needs to take the tariff ability away from Trump, this is fucking ridiculous.
- deleted 1y ago[deleted]