Posted on 04/03/2025 4:51:48 PM PDT by Oldeconomybuyer
When the upper brass of Bay Area tech flocked east to pay their respects to Donald Trump earlier this year, they surely expected some preferential treatment in return. But instead, the president just hit them where it hurts.
Trump revealed sweeping new tariffs on Wednesday, including a 10% baseline tax on all imports and double or triple that much for certain countries. He dubbed the non-baseline tariffs “reciprocal” and noted that some goods would not be subject to those levies, including semiconductor chips, in a win for Silicon Valley. Nonetheless, on Thursday, the very tech executives who kissed Trump’s proverbial ring watched as his tariff announcement slammed the very thing they’re duty-bound to protect: the value of their companies.
(Excerpt) Read more at sfgate.com ...
Hit piece condemning tech leaders for saying a kind word to the President. That’s all I see here. Just a bunch of whiny babies holding their breath and stamping their feet on the floor.
Emotional claptrap. Click generator.
Anyone looking for favors don’t know Trump. He does not need their money.
CEOs could move out of Cali and into say…. Texas and offset the tariffs by saving on taxes. Theyll all be fine in the end regardless.
Widowed grandmothers and little children hurt first. Blah, blah, blah.
All the tech CEOs who sucked up to Camela also got hit with tariffs.
What a rag!
Tho actual value of their companies is still the same. The only thing that changed were stock prices, which have been overpriced for a long while, and rarely reflect the actual value of the company.
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