this post was submitted on 28 Jan 2025
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Trump To Tariff Chips Made In Taiwan, Targeting TSMC (www.pcmag.com)
submitted 3 days ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml
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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.

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[–] john89@lemmy.ca 24 points 3 days ago (3 children)

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 3 days ago (1 children)

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 3 days ago (1 children)

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

[–] TachyonTele@lemm.ee -1 points 3 days ago (1 children)

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 2 days ago (1 children)

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 2 days ago* (last edited 2 days ago) (1 children)

Has nothing to do with the current situation.

But "america bad" so you do you.

[–] PanArab@lemmy.ml 1 points 2 days ago* (last edited 2 days ago) (1 children)

Has everything to do with the current situation.

"usa bad"

what else would you call enabling a genocide?

[–] TachyonTele@lemm.ee -1 points 2 days ago* (last edited 2 days 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 3 days ago (1 children)

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.

[–] john89@lemmy.ca 0 points 3 days ago

Not true. A nation doesn't need tariffs to help with preparations unless they're also trying to maintain the dominance of their ruling classes.

Tariffs mean we have to pay for it instead of them. They can afford it, but they won't foot the bill unless they are forced to.

[–] TrickDacy@lemmy.world 7 points 3 days ago

I've found it soul crushing that anyone believed tariffs would help.