How Trump's Tariffs On Taiwan Spell Disaster For The US Economy

[White 6]

Your TDS is acting up again.

After talking tough during campaign, Trump appears to ease up on China at start of presidency

On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term.

apnews.com

 

[CrusaderFrank]

Any country wanting to do business with US and favored nation status, need only contact Don Jr, and cut sweetheart deal for a Trump Hotel and golf course.

If only the Trumps were as ethical as the Bidens

 

[CrusaderFrank]

No idea, but he makes a lot of money there.
View attachment 1072340

ZOMG!!

Impeachments #3!!!!!!!!!!!!!!!!!!

Does Rachel Maddow have this tax return??????????????????

 

[Admiral Rockwell Tory]

View attachment 1072349

After talking tough during campaign, Trump appears to ease up on China at start of presidency

On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term.

apnews.com

The AP news article doesn't show where they claim he said that. Isn't that a major journalistic no no?

 

[White 6]

ZOMG!!

Impeachments #3!!!!!!!!!!!!!!!!!!

Does Rachel Maddow have this tax return??????????????????

The AP news article doesn't show where they claim he said that. Isn't that a major journalistic no no?

Beats me. Several articles mentioning. I pay little attention to trumps taxes, but was aware.
Looks like a deal was struck today. Backing off tarriff talk, reported today.

 

[elektra]

Where is the Biden chip factory. Democrat ran their mouths claiming we would make chips. We authorized the money, we paid out money. But no chip factory?

 

[CrusaderFrank]

Beats me. Several articles mentioning. I pay little attention to trumps taxes, but was aware.
Looks like a deal was struck today. Backing off tarriff talk, reported today.

Probably the threat of impeachments # 4 or 5 made Trump back off, right?

 

[White 6]

Probably the threat of impeachments # 4 or 5 made Trump back off, right?

Doubt it. I suspect communication from XI, we are not privy to.

 

[whitehall]

WTF is the "dailykos"? The alleged information source predicted that Harris would win every swing state a week before the election. Is the "kos" a Russian disinformation source that lefties cling to these days?

 

[CrusaderFrank]

Doubt it. I suspect communication from XI, we are not privy to.

I thought Putin owned Trump? Can you pick a story and stick with it?

I know! Ask Milley! He has Xi on Speed dial

 

[justoffal]

The dailykos? How about a credible link?

It doesn't matter..... It's a bullshit ine of reasoning. Taiwan may be an ally militarily but they are not necessarily one financially.

In less than 2 years the semiconductors that we need will be domestically produced. It's not a good idea to depend on an island so close to China that could easily be embargoed by the Chinese Navy anytime they decide to do it.

 

[justoffal]

We called it months before Trump even took office

Everything he does will be the overly dramatic end of humanity.

Ray Charles called it and hes blind and dead


The resistance

They owe it to their uncle Saul Alinsky. 60 years later they're still following his playbook step by step. My favorite interaction today was with dragonslut. She made the mistake of insisting that Trump is doing nothing for deportation that wasn't already being done. Talking out of her ass as usual.

I simply asked her if that's the case then why is everybody panicking about the deportations? She disappeared from the threat after that if it's even a she.

 

[EvilCat Breath]

Like the other threats, this is probably just to wring out some concessions.

Or maybe goad manufacturers to return chip fab back to the US. A terrible thing, I know.

Trust Trump

Trump deals hammer blow to Taiwan with semiconductor tariffs

Duties would raise prices for a range of consumer goods, while scaring off further Taiwanese investments in the U.S., experts warn.

www.newsweek.com

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, is making a historic $65-billion investment in Arizona, building three semiconductor fabrication plants in what is one of the largest foreign direct investments in U.S. chipmaking history.

The first is set to begin 4-nanometer (nm) chip production early this year, while the second, which will manufacture even more advanced 3nm and 2nm chips, is expected to be completed by next year.

 

[justoffal]

Where is the Biden chip factory. Democrat ran their mouths claiming we would make chips. We authorized the money, we paid out money. But no chip factory?

Motre boomerang bucks

 

[justoffal]

For all of his tough anti-China talk, President Donald Trump sure is doing the Chinese communist party a favor. Not only is he antagonizing all of China's allies and starting trade wars across the globe, but he is now targeting Taiwan. Trump's threat to impose 25-100% tariffs on Taiwanese semiconductors and pharmaceuticals could break the U.S. economy.

Trump, for whatever reason, has decided that it's a problem that the world's most valuable companies—most of which are U.S. tech giants like Nvidia, Amazon, Apple, Alphabet (Google), Microsoft, Tesla, and Meta—don't make their chips in-house.
Furthermore, he froze billions of dollars allocated to help companies like Intel and TSMC do exactly that—build chip foundries in the United States.

Taiwan chip manufacturer TSMC is spending a mind-boggling $65 billion on a chip factory in Arizona, with former President Joe Biden's U.S. CHIPS Act contributing an additional $6.6 billion. That alone informs the massive expense of building plants in the United States—and how the government can expedite such work.

And even fully funded, it takes around 6-8 years to build and staff these foundries. Trump likely thinks new plants can be up and running by summer.

Intel is spending even more money on foundries in Arizona, Ohio, New Mexico, and Oregon, investing more than $100 billion, supplemented by a little under $8 billion in CHIPS Act money. If it must trim its sails, Intel would nix the Ohio factory and teach Vice President JD Vance and his supporters a lesson. But Trump won't care.

How Trump’s tariffs on Taiwan spell disaster for the US economy

For all of his tough anti-China talk, President Donald Trump sure is doing the Chinese communist party a favor. Not only is he antagonizing all of China’s allies and starting trade wars across the ...

www.dailykos.com

He bankrupted a casino. He can surely destroy the job creation under the CHIPS Act. Your stable genius, and successful businessman everybody.

Wake up ! The United States is already bankrupt.... the only thing supporting it is funny money from the virtual printing presses. We either fix it now or there is no future.....period.

 

[berg80]

Treasury Secretary Bessent says economy could be ‘starting to roll a little bit’​

Treasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy.

“Could we be seeing that this economy that we inherited starting to roll a bit? Sure. And look, there’s going to be a natural adjustment as we move away from public spending to private spending,” Bessent said on CNBC’s “Squawk Box.”

“The market and the economy have just become hooked. We’ve become addicted to this government spending, and there’s going to be a detox period,” he added.

Describing the economy as inherited is a reference to the administration under then-President Joe Biden. Current President Donald Trump took office on Jan. 20.

Under Biden, the U.S. saw generally strong economic growth. However, there were signs of a slowdown in late 2024, and inflation remained above the Federal Reserve’s 2% target.

https://www.cnbc.com/2025/03/07/treasury-secretary-bessent-says-economy-could-be-starting-to-roll-a-little-bit.html

President Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling.

Just weeks into Mr. Trump’s term, the outlook is gloomier. Measures of business and consumer confidence have plunged. The stock market has been on a roller-coaster ride. Layoffs are picking up, according to some data. And forecasters are cutting their estimates for economic growth this year, with some even predicting that the U.S. gross domestic product could shrink in the first quarter.

Some commentators have gone further, arguing that the economy could be headed for a recession, a sharp rebound in inflation or even the dreaded combination of the two, “stagflation.” Most economists consider that unlikely, saying growth is more likely to slow than to give way to a decline.

Trump’s Policies Have Shaken a Once-Solid Economic Outlook

Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.

www.nytimes.com

Dotard is a policy disaster.

 

[justoffal]

Motre boomerang bucks

Yep another bait and switch just like the charging stations.

 

[dudmuck]

Where is the Biden chip factory. Democrat ran their mouths claiming we would make chips. We authorized the money, we paid out money. But no chip factory?

Breaking down computer chip giant's $100 billion expansion in Arizona

TSMC expansion would secure state's spot as a national chips leader. Trump tariffs and geopolitics played a role, tech analyst says

www.12news.com

 

[berg80]

S&P 500 falls, heads for worst week since September amid tariff uncertainty​

 

[Concerned American]

S&P 500 falls, heads for worst week since September amid tariff uncertainty​

Wow, since September? Watch out, the sky is falling.