Tariff results

Isaac

Isaac

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Apple to invest $500 billion in U.S. manufacturing, including new TSMC plant in Phoenix

Apple says it is TSMC's largest customer. TSMC currently employs 2,000 workers to manufacture chips in the U.S.
www.azfamily.com www.azfamily.com

Apple pledging 500 billion in investment inside the United States, and moving things from Mexico to the US, in response to tariffs. There's been a couple other companies that have indicated a similar strategy.

Includes a ton of investment at a plant opening in the metro area where I live which is exciting. It's a great time to get an investment property near that tsmc plant,,, 10 ,000 Indians with hb1 visas are headed this way!
 
Isaac said:
10 ,000 Indians with hb1 visas are headed this way!
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Hiring Indians to work in the US is more expensive than hiring them to work in India but far cheaper than hiring Americans. The h1b visa law has provisions intended to "protect" American workers but companies regularly violate the spirit of the law which Congress won't actually change to make it actually protect citizens. They get away with hiring the cheap, foreign, labor by hiring a company that replaces entire departments so the individual h1b visa holder works for the company contracted to do the work rather than directly for the company they will work "at". The day that a bunch of busses showed at the HIG was a very sad day. My former friends and coworkers were informed that they had to train their replacement or lose their lay off package. At least Apple won't be laying off Americans. They just won't hire them to begin with.
 
Isaac said:
www.azfamily.com

Apple to invest $500 billion in U.S. manufacturing, including new TSMC plant in Phoenix

Apple says it is TSMC's largest customer. TSMC currently employs 2,000 workers to manufacture chips in the U.S.
www.azfamily.com www.azfamily.com

Apple pledging 500 billion in investment inside the United States, and moving things from Mexico to the US, in response to tariffs. There's been a couple other companies that have indicated a similar strategy.

Includes a ton of investment at a plant opening in the metro area where I live which is exciting. It's a great time to get an investment property near that tsmc plant,,, 10 ,000 Indians with hb1 visas are headed this way!
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Who funded TMSC in Phoenix?
 
Pat Hartman said:
The h1b visa law has provisions intended to "protect" American workers but companies regularly violate the spirit of the law which Congress won't actually change to make it actually protect citizens.
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IIRC, there was a some sort of controversy with TMSC hiring Asian and Taiwanese employees.
 
One article I read quoted Cook referring to this deal in 2022.
 
Non responsive answer. Who funded TMSC?

US finalizes $6.6 billion chips award for TSMC ahead of Trump return

In October, Trump described the Chips Act as "so bad,” during an episode of Joe Rogan's podcast. “We put up billions of dollars for rich companies,” he said.
“When I see us paying a lot of money to have people build chips, that’s not the way,” Trump said. “You didn’t have to put up 10 cents. You could have done it with a series of tariffs. In other words, you tariff it so high that they will come and build their chip companies for nothing.”
Republican House Speaker Mike Johnson appeared to open the door to repealing the Act when a reporter asked him last week if Republicans would seek to repeal the law if they had a majority.
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Isaac said:
Oh, were you really expecting me to know? I have no idea the in's and out's of corporate funding, sorry - can't answer that one for you
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Guess you missed the science and chips act. What makes you think it was tariffs when cook was talking about it in 2022?
 
Cook didn't mention tariffs, but

tariff goes on china goods > trump and cook meet > cook announces 500 billion new investment in the USA.

I could be wrong, but it looked like a connect the dots type of thing, at least that connection is what mainstream media headlined it as, but maybe I've just been had by their darn headlines again!
 
Pat Hartman said:
Cook is simply taking credit for it.
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not cook, Trump
Isaac said:
and this wasn't 2022 @moke123 it was Monday.
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back in 2022 cook made statements that they were going to be buying up all the chips from TMSC to the tune of billions.

Screenshot 2025-02-28 133035.png




US President Donald Trump recently told a gathering of US governors that Apple CEO Tim Cook was planning to move manufacturing from Mexico to the US, Bloomberg reported. Notably, Cook or Apple have not yet publicly announced the move, but Trump claims that the Apple CEO has " stopped two plants in Mexico" and will build products in the US.
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Apple doesn't have plants in mexico and were not building any. Foxxcon, one of their suppliers was and I believe still is.


Not that trump would lie or anything.
 
moke123 said:
back in 2022 cook made statements that they were going to be buying up all the chips from TMSC to the tune of billions.
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but the thing I referred to was monday
 
Isaac said:
Apple pledging 500 billion in investment inside the United States, and moving things from Mexico to the US, in response to tariffs. There's been a couple other companies that have indicated a similar strategy.
Click to expand...
Tariffs raise prices because the landed cost of a product is artificially inflated. This makes it more attractive to produce locally and stimulates domestic manufacturing, true. But since the landed cost of an offshore product remains high, the domestic producer charges more, and prices stay high. This has the overall effect of reduced downstream demand, and this reduction in downstream demand is the part that hurts, and the part you won't see for years.

Trump applied tariffs on Canadian steel in his first term. This had a short-term benefit to US steel makers, but since the domestic price was suddenly and artificially 25% higher, US manufactured products that consumed steel were no longer competitive for export, and US construction projects like bridges and sky-scrapers were cancelled or delayed. This downstream cost to US manufacturing and construction exceeded the upsteam benefit to US steel producers, and the tariffs were eventually removed.

So enjoy the heady days of the upstream benefit of tariffs. Domestic manufacturing will be stimulated. Initially. But talk to me again in a few years when domestic consumption craters, and domestic producers, who purchase their raw materials at artificially inflated prices, can no longer find customers outside the tariff zone.
 
MarkK said:
Tariffs raise prices because the landed cost of a product is artificially inflated. This makes it more attractive to produce locally and stimulates domestic manufacturing, true. But since the landed cost of an offshore product remains high, the domestic producer charges more, and prices stay high. This has the overall effect of reduced downstream demand, and this reduction in downstream demand is the part that hurts, and the part you won't see for years.
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Jamie Dimond disagrees. Just sayin'

Remember when Ford raised wages so his employees could afford to buy cars? So, Americans with well paying jobs buy stuff because they can afford it. They don't have go go for the cheap stuff in the dollar stores.
 
I think the country will benefit from re-balancing its relationship with China in a hundred potential ways, whether prices go up or not.
It's become a security issue at this point
 
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