Isn’t this just explicitly unconstitutional? I feel like theyll never pay 15% on shit and will workaround it somehow.
[deleted] on
[deleted]
Prematurid on
I guess national security can be ignored for a cut of the profit now. A tiny one too, in comparison to the expenses of the government.
lledyl on
So 15% price increase
Happy_Bad_Lucky on
USA, very communist country apparently.
oursfort on
So, the chips they produce in Taiwan and export to China will have to pay taxes in the US? That seems odd
Imyoteacher on
I guess that GOP mantra of smaller government was all a LIE…….with ICE, National Guard activations, and squeezing corporations for kickbacks. Soon…..it will all be government controlled!
Designer_Buy_1650 on
Extortion and all the Trump sycophants say, “okay.” It’s unbelievable there isn’t any uproar from Republicans.
CaptPants on
So, an export tariff?
Fishy63 on
Another day, another thing the gop allows the constitution to be trampled on
IfonlyIwastheOne83 on
Waiting for the next few to say
Umm fk you
You let that orange blob do it why can’t I?
Disastrous_Sky_73 on
So how much of this 15% is going to the Trump family I wonder??
Kiddyhawk on
They didn’t learn about the Boston Tea Party in fourth grade?
Zoravor on
So a corporate tax…. To a republican administration?
Striking_Celery5202 on
lol the usa went full peronist
BeeKayDubya on
More like a 15% bribe that goes into the coffers that regular citizens won’t have access to.
thunderc8 on
Create a warehouse in another country with no extra tax or sell to another company in that country, then send the goods from there to China. Will that work?
Relevant-Ad7738 on
15% export sanctions now?
Rene_DeMariocartes on
Where is this money going?
Electricengineer on
So a tax?
Proper_Association35 on
Congrats on the Republicans helping an export tax transition into a special agreement.
T1Pimp on
So, Republicans are communists now?
Yeeeoow on
Trump found a way to do corporate taxes, but illegal.
Sirneko on
They don’t need to actually pay it, they just need to make Donnie believe they will for now
Mudder1310 on
That sounds like communism.
Hial_SW on
Its called a tax and they will pass it onto the customers. Trump did that.
SandManPerson on
US shouldn’t be selling any chips to China but whatever.
VeinIsHere on
Damn americans are this stupid
Swarfega on
US customers soon find Nvidia and AMD priced hike by 15%
jasoncross00 on
Another major media outlet presenting this as „unprecedented“ (MAGA sees that and thinks „Trump is amazing“) and not UNCONSTITUTIONAL, which it is.
The only mention of it as being wildly illegal is in *paragraph 13* where it is presented as some sort of complaint from Trump critics, rather than a factual reading of the plain text of the constitution.
„On social media, some investors called the arrangement a „shakedown“, while others compared the requirement to a tax on exports – which has long been considered illegal in the US.“
No, it is not something „investors say“ and it is not „long been considered“ anything.
It is a constitutional violation, plain and simple. Article I, Section 9, Clause 5 of the U.S. constitution plainly and flatly forbids this. I don’t expect the BBC to be up to date on the massive pile of U.S. laws and statutes, but the U.S. constitution is a short read, and „No Tax or Duty shall be laid on Articles exported from any State“ is pretty fucking simple language.
Paper_Clip100 on
Oh? An export tax???
BrianWonderful on
Aside from the fact it is unconstitutional and sets bad precedents, and that it will result in higher prices for US consumers, I think the other interesting point is that it means for NVIDIA and AMD it is still MORE COST EFFECTIVE to pay an additional 15% tax to manufacture in China than it is to manufacture in the US.
How does anyone think this whole tariff nonsense is going to drive more manufacturing back to the US?
Essence-of-why on
Mob tactics, the US is just the mob now
PRSHZ on
I mean…. Granted the limited intelligence of the extortionist, it’s not outside the scope of some of the most brilliant minds to not entirely give accurate numbers, sales or revenue for that matter. 🤭
OrionDax on
I thought socialism was anathema to Republicans.
UrineArtist on
So it turns out peak Capitalism is Communism.
healthytofu on
National security concern waived by paying… sure…
HokkienMeeLimeJuice on
These are the types of things authoritarian governments do.
„Land of the Free“?… F**k off! Never say that again!
upachimneydown on
Export tariffs are a great way to increase exports. /s
It’ll be huge, nobody would’ve thought.
SpareBee3442 on
Extortion
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40 Kommentare
Isn’t this just explicitly unconstitutional? I feel like theyll never pay 15% on shit and will workaround it somehow.
[deleted]
I guess national security can be ignored for a cut of the profit now. A tiny one too, in comparison to the expenses of the government.
So 15% price increase
USA, very communist country apparently.
So, the chips they produce in Taiwan and export to China will have to pay taxes in the US? That seems odd
I guess that GOP mantra of smaller government was all a LIE…….with ICE, National Guard activations, and squeezing corporations for kickbacks. Soon…..it will all be government controlled!
Extortion and all the Trump sycophants say, “okay.” It’s unbelievable there isn’t any uproar from Republicans.
So, an export tariff?
Another day, another thing the gop allows the constitution to be trampled on
Waiting for the next few to say
Umm fk you
You let that orange blob do it why can’t I?
So how much of this 15% is going to the Trump family I wonder??
They didn’t learn about the Boston Tea Party in fourth grade?
So a corporate tax…. To a republican administration?
lol the usa went full peronist
More like a 15% bribe that goes into the coffers that regular citizens won’t have access to.
Create a warehouse in another country with no extra tax or sell to another company in that country, then send the goods from there to China. Will that work?
15% export sanctions now?
Where is this money going?
So a tax?
Congrats on the Republicans helping an export tax transition into a special agreement.
So, Republicans are communists now?
Trump found a way to do corporate taxes, but illegal.
They don’t need to actually pay it, they just need to make Donnie believe they will for now
That sounds like communism.
Its called a tax and they will pass it onto the customers. Trump did that.
US shouldn’t be selling any chips to China but whatever.
Damn americans are this stupid
US customers soon find Nvidia and AMD priced hike by 15%
Another major media outlet presenting this as „unprecedented“ (MAGA sees that and thinks „Trump is amazing“) and not UNCONSTITUTIONAL, which it is.
The only mention of it as being wildly illegal is in *paragraph 13* where it is presented as some sort of complaint from Trump critics, rather than a factual reading of the plain text of the constitution.
„On social media, some investors called the arrangement a „shakedown“, while others compared the requirement to a tax on exports – which has long been considered illegal in the US.“
No, it is not something „investors say“ and it is not „long been considered“ anything.
It is a constitutional violation, plain and simple. Article I, Section 9, Clause 5 of the U.S. constitution plainly and flatly forbids this. I don’t expect the BBC to be up to date on the massive pile of U.S. laws and statutes, but the U.S. constitution is a short read, and „No Tax or Duty shall be laid on Articles exported from any State“ is pretty fucking simple language.
Oh? An export tax???
Aside from the fact it is unconstitutional and sets bad precedents, and that it will result in higher prices for US consumers, I think the other interesting point is that it means for NVIDIA and AMD it is still MORE COST EFFECTIVE to pay an additional 15% tax to manufacture in China than it is to manufacture in the US.
How does anyone think this whole tariff nonsense is going to drive more manufacturing back to the US?
Mob tactics, the US is just the mob now
I mean…. Granted the limited intelligence of the extortionist, it’s not outside the scope of some of the most brilliant minds to not entirely give accurate numbers, sales or revenue for that matter. 🤭
I thought socialism was anathema to Republicans.
So it turns out peak Capitalism is Communism.
National security concern waived by paying… sure…
These are the types of things authoritarian governments do.
„Land of the Free“?… F**k off! Never say that again!
Export tariffs are a great way to increase exports. /s
It’ll be huge, nobody would’ve thought.
Extortion