XPost: alt.fan.rush-limbaugh   
   From: hotmail@hotmail.edu   
      
   Trumps idiotic tariffs could set U. S. tech industry back a decade as China   
   takes lead, says Dan Ives   
   Published Fri, Apr 4 202510:26 AM EDT   
   Hakyung Kim   
   @in/hakyungkim/   
   @hakyungkim_   
      
   While the stock market has weathered crisis moments before, what stands out   
   about the latest round of retaliatory tariffs is the self-destruction that   
   could set the U. S. behind in the artificial intelligence race, according   
   to Wedbush analyst Dan Ives. The concept of taking the U. S. back to the   
   1980s manufacturing days with these tariffs is a bad science experiment   
   that in the process will cause an economic Armageddon in our view and crush   
   the tech trade, AI Revolution theme and overall industry in the process,   
   Ives wrote in a client note on Friday. The levies imposed by the Trump   
   administration on some of the most-relied upon regions for tech supply   
   chains  50% tariffs on China, 32% tariffs on imports from Taiwan and 46%   
   duties on Vietnam  could close a shut-off valve for the U. S. tech   
   industry, according to Ives. IPhones made in the U. S. versus their current   
   manufacturing locations across China, Vietnam and India, would cost $3,500   
   versus $1,000, Ives said. Broader electronic prices will spike between 40%   
   to 50% for consumers, he added. The economic pain that will be brought by   
   these tariffs are hard to describe and can essentially take the U. S. tech   
   industry back a decade in the process while China steamrolls ahead, said   
   Ives. The AI Revolution trade would be significantly slowed down by these   
   head scratching tariffs that NEED to be negotiated to realistic levels.   
   Ives noted that near-term pain may extend much longer due to the time   
   required to build manufacturing sites in the U. S. , as well as to   
   transition the workforce with the necessary skills. The cost of labor is   
   unrealistic in the U. S. to ever have semi fabs at scale, said Ives,   
   referring to semiconductor fabrication plants. Tariffs at their current   
   level could depress tech earnings by at least 15% he thinks. We assume   
   tariff negotiations start now otherwise dark days are ahead for tech... And   
   U. S. consumers pay the price for this... Not a debate.   
      
      
      
   https://archive.ph/67RTj#selection-2093.1-2138.1   
      
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