“They already have billions of dollars. […] They did not need money. They needed an incentive. And the incentive is going to be they [do not want to] pay a 25%, 50% or even a 100% tax."
What does he think taxes are. An administrative burden to doge?
He still does not understand how tariffs work. By that statement he honestly thinks that he will take a 25% cut of what is paid to TSMC, rather than the fact that the price of TSMC chips will go up 25%, and that extra 25% has to be paid by an American company.
It’s might be even worse then that; if something costs $1000 currently, with a 25% tariff could it not end up costing 33.3% more ($1,333), so that after the 25% tariff, the value returns to $1000?
“They already have billions of dollars. […] They did not need money. They needed an incentive. And the incentive is going to be they [do not want to] pay a 25%, 50% or even a 100% tax."
What does he think taxes are. An administrative burden to doge?
He still does not understand how tariffs work. By that statement he honestly thinks that he will take a 25% cut of what is paid to TSMC, rather than the fact that the price of TSMC chips will go up 25%, and that extra 25% has to be paid by an American company.
It’s might be even worse then that; if something costs $1000 currently, with a 25% tariff could it not end up costing 33.3% more ($1,333), so that after the 25% tariff, the value returns to $1000?