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David Wong
The Hill
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Comments by "David Wong" (@davidwong5197) on "US READY For WAR With China, Hegseth Says. TSMC, Apple INVEST Billions In America Amid Trump Tariffs" video.
@VeniVidiVid Which American are you talking about? Blackrock?
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@ We are talking about tax cut. The Tax cut Trump is proposing is cuting corporate tax rate from 23 to 15 and nothing for you and me.
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@stephenotradovec5471 History man. Smoot Hawley Act get unemployment from 8% to 25% in 1930. It did not create jobs. Most of the jobs we are talking about are garment and shoes at min wages.
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The US Big Four accounting firms dominated the China market. US is exporting service. US also dominated the equipment market as well. We are good at high ticket items but not consumer product. But for some reason we ban selling John Deere to China
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Trump is looking as this as revenue for the tax cut. Cutting Medicaid is not enough. So he chose the biggest trad partners to levy tariff. Without tariffing Canada and Mexico, he is not going to make the number.
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@bullmoose5574 It is falling a bit now against Euro. This is because of EU 800B military budget
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Companies will not be able to compete internationally. So can domestic revenue compensate for loss of business elsewhere? Can Apple compete with Samsung?
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@stephenotradovec5471 LOL you still have to wait months in US with private health care.
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@ WE had one in 2017. They used the money for stock buy back.
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@ Seriously nobody want those low paying job, Are you going to work 7.25 to make iphone?
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Not if he cut Medicaid
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HE WAS A TALKING HEAD AT fOX AND HE WILL CONTINUE TO BE A TALKING HEAD AT dod.
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@ I just read an article on hoew USD is over valued. MS our poorest state. the average income is higher than UK. Maybe that is why we are not competitice? I a;ways wonder why the rest of the world can make cheaper steel than us.
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@ There was no tariff when Toyota build their factory here. Same as VW Honda. It is to their advantage to build plants here/ They could care less about tariff if they have monopoly. But how is Mexico going to grow tomato and avocado in US? The problem with Trump tariff is it is not targeted. That is why I don;t think he is serious about bringing manufacture back. The MAGA hat is made in China. He is only interest in tariff for his tax cut. Yatiff on pharmaceutical is unforgivable. Big Pharma have no interest in generic.
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Nope. Chip act cost US 100K jobs. Chip act ban selling advanced product to China. So China stop buying legacy products from us. China purchased 50% of the chips. Despite low production, US has the highest revenue share in the world; Chip act is shooting ourselves in the foot.
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Not likely. Reports from Taiwan, TSMC was forced to make a choice, more investment or purchase Intel. TSNC chose investment. A fab takes 4 to 5 years to build; TSMC hoped Trump will be gone by then. It is a delay tactic. BTW, the tariff is still going to be in place even if they build the fab. Taiwan viewed this as protection fee.
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@utah_koidragon7117 They are just going to drag it out. We are talking about 5 fabs. Who is going to buy the extra chip? They are not allowed to sell to China. And China bought 50% of the world supply. Taiwan Engineer said they don't care about the tariff cuz they are the only game in town. BTW majority of the cost is equipment. A sinhle EUV machine cost 400M
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