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Secretary Lutnick pours cold water on tech tariff exemptions
The Street ^ | April 13, 2025 | Todd Campbell

Posted on 04/13/2025 11:28:54 AM PDT by Miami Rebel

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To: Miami Rebel

“The Gang That Couldn’t Shoot Straight.”

Like new Marines in North Carolina, they’ll learn.


21 posted on 04/13/2025 12:32:06 PM PDT by Brian Griffin
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To: Brian Griffin
Like new Marines in North Carolina, they’ll learn.

Like previously stated, it's all going to come down to this question - do voters believe they are better off when they vote in 2025 and 2026 vs. when they voted in 2024?

That's it. It truly is the economy.

22 posted on 04/13/2025 12:36:11 PM PDT by Fury
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To: Miami Rebel

“You can’t always get what you want
But if you try sometime
You’ll find
You get what you need”

https://genius.com/The-rolling-stones-you-cant-always-get-what-you-want-lyrics


23 posted on 04/13/2025 12:39:49 PM PDT by Brian Griffin
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To: Miami Rebel

Y’all commentors have it all wrong!
US industries outsourced because EPA and state regulations
made with no regard whatsoever to cost/benefit trade off studies, caused our stuff be to expensive too produce here at home.
We have plenty of rare earths in the USA but Government won’t allow people to mine them.
We have plenty of energy in the ground, Coal, Oil, Natural gas Just try to get a permit to extract it.

Our problem is political, not practical limitations.
It is the Federal government Primarily run by career Democrats, both elected and non-elected.
Our competitors know this.


24 posted on 04/13/2025 12:42:42 PM PDT by rellic (No such thing as a moderate Moslem or Democrat )
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To: Fury

“first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory.”

FDR

Americans of working age generally need a job as well as a shopping cart.


25 posted on 04/13/2025 12:44:31 PM PDT by Brian Griffin
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To: rellic

That was only one angle of it. The cheap labor and various policies and regulations supporting Chinese outsourcing, especially, were probably more critical.


26 posted on 04/13/2025 12:52:20 PM PDT by 9YearLurker (\)
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To: Miami Rebel

Trump has to quit letting different admin officials speak differently about ANY tariffs. He should designate the one and only one person to speak about tariffs publicly, and that person should be required to consult with speficic other administration people before they speaks, and all others need to defer press questions about tariffs to that one person.

The uncertainty is what is roiling the markets - as investors try to determine future effects of tariffs on companies, or not, if resolved, and causing companies to delay decisions because of supply chain uncertainties.


27 posted on 04/13/2025 12:52:59 PM PDT by Wuli
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To: PIF

“Why didn’t 47 say that these exception were temporary to begin with? Everyone was cheering, now we could be headed to recession territory simply because the clown show can’t get its messaging straight.”

Abba Eban:

“Men and nations do act wisely when they have exhausted all the other possibilities.”

https://quoteinvestigator.com/2012/11/11/exhaust-alternatives/


28 posted on 04/13/2025 12:57:42 PM PDT by Brian Griffin
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To: Miami Rebel

“50 years ago this weekend the Government announced that the pound would be devalued by 14%. This decision – previously politically unthinkable – was taken after fending off a number of earlier currency crises.”

“Chancellor James Callaghan released a statement at 9.30pm on Saturday 18 November 1967 stating that the Government had decided to lower the exchange rate from $2.80 to $2.40 per £1, a 14.3% change. Interest rates were raised from 6.5% to 8.0%, cuts to defence budget announced, and banks and the stock exchanges would be closed on Monday.”

“Prime Minister Harold Wilson gave an address on TV and radio to the nation....He railed at the “successive waves of speculation against sterling”, and said no international loan could be agreed given the conditions on economic policy that may be attached to them.”

https://commonslibrary.parliament.uk/pound-in-your-pocket-devaluation-50-years-on/

Remember a 14% devaluation has a greater impact than a tariff increase to 10%.

Watch Season 3 of “The Crown” to see why trade deficits matter.


29 posted on 04/13/2025 1:09:08 PM PDT by Brian Griffin
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To: House Atreides

Last I heard they are pulling back from Vietnam towards India. Mostly ipads and watches. Phones were never manufactured in Vietnam.


30 posted on 04/13/2025 1:10:05 PM PDT by erlayman (E )
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To: Brian Griffin

The Soviet industrial base in 1940 was not very sophisticated.


31 posted on 04/13/2025 1:14:15 PM PDT by Cronos
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To: Cronos

“The Soviet industrial base in 1940 was not very sophisticated.”

Let’s walk around a Walmart.

flower pots - Made in China

hand tools - Made in China

auto parts - Made in China

sports stuff - Made in China

bicycles - Made in China

electronics - Made in China

crafts - Made in China

clothes - Made in China


32 posted on 04/13/2025 1:20:34 PM PDT by Brian Griffin
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To: bobcat62

Apple can build in vietnam, then they can build here.


Vietnam is heavily tariffed as is India. Jumping from the frying pan into the fire is not a solution.


33 posted on 04/13/2025 1:39:40 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: Fury

“You’re kidding, right?” No
“There are posters that believe Apple can move manufacturing in months.” They are idiots with no understanding of supply chains.


34 posted on 04/13/2025 1:41:18 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: Brian Griffin

What you wrote at the end of your post and what I wrote are not in disagreement.


35 posted on 04/13/2025 1:44:19 PM PDT by Fury
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To: Miami Rebel

Your prison is self made.

We are liberated.

You never will be at this rate. If you even want to be. And you should want to.


36 posted on 04/13/2025 1:53:54 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: Miami Rebel

The entire administration, Trump included, shouldn’t be saying anything on tariffs other than we are negotiating deals with other countries. Between Lutnick and Navarro, those two are single handedly creating chaos with their statements.


37 posted on 04/13/2025 2:12:16 PM PDT by usafa92 (Donald J. Trump, 45th and 47th President of the United States of America!)
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To: Miami Rebel

“Virtually all semiconductors are made now in Taiwan and they’re finished in China.”

It seems we are talking about two distinct topics: A) made in Taiwan, B) finished in China. I don’t know what they mean by finished. I expect they could be finished somewhere else than China.


38 posted on 04/13/2025 3:16:41 PM PDT by ChessExpert (The Democratic party must be destroyed.)
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