Investors seemed to interpret the potential tariff exemptions as a positive for Apple and other major tech companies that have been making huge financial commitments to manufacture more chips and other components in the U.S.
Big Tech already has made collective commitments to invest about $1.5 trillion in the U.S. since Trump moved back into the White House in January. That figure includes a $600 billion promise from Apple after the iPhone maker boosted its commitment by tacking another $100 billion on to a previous commitment made in February.
I do wonder how many of these commitments will come to pass and to what extent these are merely elements of a negotiation strategy.
Well that’s really it.
You only need to say you are going to do something so Trump gets his headline. There is no need to actually follow through. I think companies are starting to realise that.
It would be embarrassing for Trump to admit if the investment doesn’t happen or if jobs aren’t coming back. So the office of fake statistics will swing into action to make claims.
He only need it to function for 3.5 years… Then it will be the fault of the others.
My point was that it doesn’t even need to function at all.
I’m sure US will switch to 4x more expensive domestic chip production in no time /s. If they really had capacity which they won’t no matter the announcements.
They’ll just throw together some fabs overnight using magic, and staff them with all that engineering talent the USA is currently deterring from coming and/or deporting.
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They will not do anything, they will just say they do. A headline that you can quote to confirm your biases is all Trump need to keep you controled apparently.
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They do what they want, as long as they publicly kneel to kiss the ring from time to time. It’s the price oligars on the tsar’s leash tend to pay for the right to abuse all others. Nothing new under totalitarian sun.
It didn’t take long for this comment to not age well, did it?
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