this post was submitted on 02 Apr 2025
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Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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[–] wirebeads@lemmy.ca 50 points 3 days ago* (last edited 3 days ago) (2 children)

Trump: Meta will invest $500 billion.

Truth: Meta will invest around $60 billion.

Thats a gross mis representation of what’s factually correct in monetary terms.

This fucking asshat is going to sink the American economy. No major company is going to do this. Why would TSMC spend “$500 billion” to build a factory?

Them just paying the tariff would be less than building a new factory. They just need to survive trumps term and frankly, when the U.S. can’t get chips at an affordable price from Taiwan, those tariffs will fall away like a pillar f sand during high tide.

Absolutely dumbest fucking turd on the planet.

[–] Lemmyoutofhere@lemmy.ca 31 points 3 days ago (2 children)

Americans will be paying the tariffs, not foreign companies.

[–] andyquest@sh.itjust.works 14 points 3 days ago (1 children)

Well they'll also be paying it in reduced revenue lmao everyone loses

[–] Zentron@lemm.ee 6 points 3 days ago (1 children)

Lol no , if anyone thinks that its the best indicator that they dont know first thing about corpos ... theyll just jack the end price

[–] andyquest@sh.itjust.works 3 points 3 days ago

Yes, but when things are expensive people buy them less and corporations make less money

[–] wagesj45@fedia.io 1 points 3 days ago

I think he was just making a point about how outsized the price of the factory was. Like even if they had to pay the tariffs, it wouldn't be worth it to build a factory, so it's double stupid of Trump to do this.

[–] lydon_feen@lemm.ee 16 points 3 days ago (1 children)

I wish TSMC would open a factory in Europe.

Not only would it be very advantageous for the EU, it would sting like hell for the US.

[–] Renohren@lemmy.today 11 points 3 days ago (1 children)

They are already building one in Dresden, others are planned to follow. The CHIPS act is at last having an effect.

[–] lydon_feen@lemm.ee 1 points 3 days ago