50 - 60% of what middle class America buys from the 3 largest US retailers come from China

[uponit7771]

That means there's still 125% increase on those goods along with 25% tariffs from CA and MX and 10% abroad.

The "markets" aren't responding to the draconian tariffs being lifted they're responding to a short squeeze, someone spiked the market BEFORE the announcement.

The broader economic fundamentals went from apocalyptic to hell, we're still facing a recession if Trump doesn't left the 10% tariffs.

[dalton99a]

1. You Should Think About Replacing Your iPhone -- Now

https://www.nytimes.com/2025/04/09/opinion/tariffs-china-iphone-apple.html

You Should Think About Replacing Your iPhone — Now
April 9, 2025
By Patrick McGee

...

Then let’s turn to the fact that moving production to the United States — the stated goal of Mr. Trump’s extreme tariff regime — is almost impossible for Apple. China is home to roughly 90 percent of Apple’s global production, and it’s the only country where Apple has made such extraordinary investments in people, machinery and processes over a quarter-century.

Analysts at the firm Wedbush estimated that a domestically built iPhone would cost more than triple its current price tag, which would mean about $3,500. Worse, America simply lacks the manufacturing expertise, the competitive industrial clusters and even the population density required to make Apple products en masse.

Many Apple suppliers are heavily reliant on China’s low-paid workers who migrate to cities for seasonal work, a number estimated at 300 million to 500 million adults, which even at its lower extent is nearly equivalent to every man, woman and child in the United States. In the busy holiday season, these workers are critical to Apple’s ability to ship one million iPhones per day, with each unit comprising roughly 1,000 components. Trying to move all manufacturing out of China would most likely cost hundreds of billions of dollars.

...

[uponit7771]

4. Crap, don't have an iPhone but need to replace what I have

[valleyrogue]

7. Again, the time to have complained was 40 years ago. n/t

[Silent Type]

2. With trump, it's never over. I think market hopes there is now a chance for a solution

that doesn’t completely wreck the global economy.

Won’t be surprised when market or some other aspect of civilization turns to chit because trump and/or his henchmen need to inflict pain on someone.

[tman]

3. markets are not so worried because today was a signal of trump's weakness in the face of pressure.

Last edited Thu Apr 10, 2025, 02:18 AM - Edit history (1)

future reversals on chinese tarrifs seems likely. at least that's how the 'smart money' sees it.

[uponit7771]

5. YES !!! People know that MAGA idiot has break point

[Johonny]

8. Markets will most likely drift into a bear market

Because there is complete economic instability. What happens in 90 days? The long term rates rates are rising as no one wants US debt and this will absolutely mess up the market.

Trump cannot save the market with pauses. Only actual leadership, a quality he lacks, could do that.

[valleyrogue]

6. So what if most products come from China? The time to have complained was in the 1980s.

That was the era of neoliberal/Friedman/Chicago School crackpot economics which encouraged the shipping of manufacturing jobs overseas in order to increase profits and ruin the standard of living for working Americans.

ALL retailers, whether Walmart or the local shop, sell "imported" goods, many of which have "American" brands on them. China is one, but also countries like Vietnam have become increasingly popular.

Of course prices are going to skyrocket with the dipshit's tariffs.

[JCMach1]

9. That % is a bit low if anything

[uponit7771]

11. +1, I took lower avg of Costco, Amazon and Walmart

[Passages]

10. The Dollar Stores will become the Twenty Dollar Stores?

[uponit7771]

12. They'll have to double prices in a couple of months once their pre load inventory is gone

[Passages]

13. Yes and as we all know the people who most depend on those stores will be left

with fewer resources than before.