It will at least be extremely funny to watch all the right wing gamer bro chuds freak the fuck out when an immediate consequence of their actions will be that gaming pc components instantly inflate 50% in price.
I really really hope that they will enact their economic agenda before their racist agenda. When they denaturalize and deport citizens, half of us will be cheering (unfortunately). When the price of electronics/ cars increases it distributes harm to all.
If you think that's funny just wait for all the construction bros to discover that Milwaukee is now a Chinese company and their M18 HD12 batteries suddenly cost >500 a pop
Oh, that too. Most of these compact SUVs are built foreign because that's where they generate the most revenue. Imagine hitting a pheasant in your Chevy, a pheasant of all things, and getting a 10k insurance estimate because it cracked your made-in-Mexico integrated LED headlamp assembly and split your bumper cover
but but... Orange men said it was good for the economy, now I have to pay 2000 Dollars for a 5090? Why aren't they coming to America and produce here!?
Oh, the thing Trump called "so bad" on Joe Rogan a couple weeks ago? He said that tariffs are his preferred strategy to force companies to build in the US. Maybe that was just rhetoric and you can't trust it, but he did say it.
As it stands, CHIPS isn't going anywhere, so at least Americans won't be totally fucked.
I know these things take time, but it's really hard not to be skeptical of CHIPS amounting to much. It reminds me too much of all the grant money given to telecom companies like AT&T and Verizon - supposed to be for improving infrastructure and implementing 5G, but they just pocketed the money as profit.
For what it's worth, I agree with you. Most telecom infrastructure funding has been historically pocketed. There is a chance it does work, though.
If not, maybe the tariffs will help in the short term by minimizing profit from overseas supply chains and incentivize American manufacturing, causing a positive effect on the sector in concert with CHIPS (but I doubt it).
Its a pretty strategically and economically impactful piece of legislation pushed by, and then signed into law, by Biden, in 2022.
It basically sets up a bunch of tax incentives and funds to go toward building out domestic computer hardware research and manufacturing.
Its the kind of thing that would lay the foundation for the US building a lot more of its own computer hardware, instead of importing it.
So when the Trump tariff apocalypse hits... assuming the CHIPS Act does not get repealed, it will be the only saving grace in terms of possibly lowering computer hardware costs.
Trump and Republicans are likely to try and take credit for this, if domestic chip fabs start coming online before 2028, pretending it is something they came up with.
yep! and by then it's too late. they've already shot themselves in the foot, they just haven't felt the pain yet.
edit - and honestly, if we were actually producing all this stuff locally and competitively, I would be OK with these chinese tariffs since it would encourage buying USA-made. The problem is that we arent, and probably won't be for a while. we'd all suffer in the meantime.