Seems Apple and Nvidia now have to pay the US government a 15% export tax to sell to China. Trump has said that it is a security and a competitive risk to sell to China with high tech and AI related products.
Lekker...about time.
If it’s a security risk these sales should be banned. If not there is no basis for an export tax….this would strain the corporate version of ‘equal under the law’. How do you decide to tax one company and not another….overeach.
It's actually the technology in the products being taxed...China use these products to produce products in competition to American products...but I suspect this is just another negotiation tactic to get some concessions from China...all will be revealed in due time.
The China thing is interesting.
I keep going back and forth with it. People argue against the US as being the world police, they are involved everywhere, have invaded numerous countries, etc.
China is the opposite. They very rarely intervene militarily and all of their pressure comes through economics.
Both countries have to bat for themselves, like all countries do. But they go about it differently.
In the West we seem to have the mentality that China is supposed to lose. They're the "others".
In some way, one has to be grateful that the two true superpowers aren't completely evil nations.
China could be a hell of a lot worse, and so could the US if they wanted to.
Consider that if they aligned, they could take over the entire world and make half of it speak Chinese and the other half English.
For all their ills, I don't think I'd choose two different superpowers if I could.
I know it means nothing in the scope of this conversation, but rather just a thought I had while reading the posts above.
There has to be opposites to balance things...China's approach is more effective than war...they've got a Brilliant pr team, but ultimately, I would much rather live in thee USA, than China...I prefer the pre 2010 South Africa, but unfortunately that South Africa has been destroyed by our Sith overlords.
China is doing well, but it is certainly not all self-made. Many global corporations have based their manufacturing in China, creating jobs and boosting the Chinese economy while providing training, skills and experience.
China has taken this chance to become the best manufacturing company, but low-end manufacturing is starting to leave China for other places like Vietnam, at least Western-linked operations.
Xi Ping is making China worse, another authoritarian leader who has stayed in longer than their term limits.