145

Trump To Tariff Chips Made In Taiwan, Targeting TSMC (www.pcmag.com)

submitted 11 months ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml

44 comments fedilink hide all child comments

The tariffs would ensnare cutting-edge smartphone and PC-related chips for Apple, AMD and Nvidia if enacted. But Trump is betting his plan will bring more chip production to the US.

Archive link

you are viewing a single comment's thread
view the rest of the comments

[-] john89@lemmy.ca 26 points 11 months ago

Tariffs only exist to protect the profits of the ruling class.

Do not be fooled. Tariffs are not good for us.

[-] TachyonTele@lemm.ee 16 points 11 months ago

Japan used tariffs to increase domestic industries and leap frog into the 20th century. It enabled them to take part in WW II and beyond. That's why you'll see giant corporations that control multiple different industries.

It did work for Japan. The US is in a completely different situation though, and it'll only hurt.

[-] PanArab@lemmy.ml 3 points 11 months ago

The US also used protectionism in the 19th and 20th centuries

[-] TachyonTele@lemm.ee -1 points 11 months ago

You know it wasn't the same. And if you don't know that then you shouldn't even respond like that.

[-] PanArab@lemmy.ml 1 points 11 months ago

You clearly know nothing

The United States pursued a protectionist policy from the beginning of the 19th century until the middle of the 20th century. Between 1861 and 1933, they had one of the highest average tariff rates on manufactured imports in the world. After 1942, the U.S. began to promote worldwide free trade. After the 2016 presidential election, the US increased trade protectionism.[2]

https://en.wikipedia.org/wiki/History_of_tariffs_in_the_United_States

[-] TachyonTele@lemm.ee -2 points 11 months ago* (last edited 11 months ago)

Has nothing to do with the current situation.

But "america bad" so you do you.

[-] PanArab@lemmy.ml 1 points 11 months ago* (last edited 11 months ago)

Has everything to do with the current situation.

"usa bad"

what else would you call enabling a genocide?

[-] TachyonTele@lemm.ee -1 points 11 months ago* (last edited 11 months ago)

There it is. ML user is a single issue voter, if they're even American to begin with .

You can't even distinguish between a century wide gap in economics and today.

[-] Soup@lemmy.world 11 points 11 months ago

Tariffs can help with preparation, and they are a tool like many other policies. These ones, though, are not thoughtfully planned out. These protect no one, not even the mega-corps who need to figure out how to make everything domestically or price themselves out of the market.