Has to be about him - not them.I agree....I watched his speech today....was hoping to hear a little more uplifting comments to the graduating cadets. Speech was ok, but.......too many politics thrown in.
Has to be about him - not them.I agree....I watched his speech today....was hoping to hear a little more uplifting comments to the graduating cadets. Speech was ok, but.......too many politics thrown in.
Here you go, explained in detail.What are these skills to build cell phones that you do not think we have in the USA?
It’s pretty simple, corporations have no choice but to produce their product in the most efficient way possible. If they don’t, they are out of business. How many people will pay 50% more for a product because it is made in the USA. Answer, not enough for the company to stay in business.Figure it out . How many years have they exploited cheap Chinese labor for their corporate profits while screwing America. Exploited the system. Maybe it's time for them to pay up. And I an a Capitalist.
There was an experiment...It’s pretty simple, corporations have no choice but to produce their product in the most efficient way possible. If they don’t, they are out of business. How many people will pay 50% more for a product because it is made in the USA. Answer, not enough for the company to stay in business.
Of the more than 25,000 people who visited the website during the two-week trial, about 600 ordered the imported showerhead. Not a single person clicked on the more expensive, "Made in the USA" model.
Here you go, explained in detail.
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Why Apple Won’t Leave China—Tim Cook Explains [Video]
Apple CEO Tim Cook has publicly debunked the myth that iPhones are made in China because of cheap labor. In a widely shared 2024 video, Cook explains that China’s true advantage lies in its unmatched precision, massive scale, and highly skilled workforce—making it the only place capable of...engineerine.com
If you'd prefer to watch and listen instead of reading...
Just about every component in an iPhone is manufactured in Asia, for example the screen is made by Samsung. So, if we have a plant here, there would be tariffs on majority of the components plus the labor costs, so a $3,500 iPhone is feasible.You cannot tell me that an iPhone is more difficult than what my company produces, it's laughable.
Just about every component in an iPhone is manufactured in Asia, for example the screen is made by Samsung. So, if we have a plant here, there would be tariffs on majority of the components plus the labor costs, so a $3,500 iPhone is feasible.
In regard to what your company produces, do they produce it in similar quantities and complexities to iPhones and retool it every year for a new model?
Regardless, the biggest competition to iPhone is Samsung at a similar price point. Both produced overseas, so if Trump adds a 25% tariff to both, it would not mean much in terms of competition between the two. Though, most likely they will lose some customers, hence why Apple stated a $900B impact from the tariffs.
Would be interesting to see how much of the tariffs they will pass on to the customers if Trump follows through.
I am already getting forwarded emails from vendors that their prices are going up on the average 20%. And I really don't care as we would just pass it on plus our markup to our clients (mostly municipalities, utilities and oil and gas at this time). In reality on cost plus, we make more money if our costs go up.So, thank you Trump.
Well, I'll go by what the CEO of the company says rather than the anecdotal evidence of stuff made here by one company (whatever it is).This post has nothing to do with the original subject which you often repeat that we don't have the talent. Nor does it support this bullshit line of Cook's that China is not sought for cheap labor anymore but it's technical capabilities from the interview you posted.
Well, I'll go by what the CEO of the company says rather than the anecdotal evidence of stuff made here by one company (whatever it is).
We do have the talent I am sure, just not in the quantities needed. Also, I doubt we can get the kind of response the Chinese get from their labor when they have to be roused in the middle of the night to implement a manufacturing change (as stated by Tim Cook as an example).
Heck, a few years ago I had a project in the UK. I needed 11 engineers over there for a year. I offered a 25% salary increase, trips back home every 3 months for a week, all expenses and use of a car to my employees. I sweetened the pot saying I'd also fly their family there as well.
ONE person took me up on it. Rest, I had to hire consultants to fill the slots. Our engineers are prima donnas; I see that daily in the younger generation especially.
Let me provide some hard data. Years ago my division was buying into a Chinese manufacturing company. They were operating production facilities similar to mine with 10x the staff and 1/2 the op ex.. I toured every facility prior to approving the deal, so my data is not second hand.Well, I'll go by what the CEO of the company says rather than the anecdotal evidence of stuff made here by one company (whatever it is).
We do have the talent I am sure, just not in the quantities needed. Also, I doubt we can get the kind of response the Chinese get from their labor when they have to be roused in the middle of the night to implement a manufacturing change (as stated by Tim Cook as an example).
Heck, a few years ago I had a project in the UK. I needed 11 engineers over there for a year. I offered a 25% salary increase, trips back home every 3 months for a week, all expenses and use of a car to my employees. I sweetened the pot saying I'd also fly their family there as well.
ONE person took me up on it. Rest, I had to hire consultants to fill the slots. Our engineers are prima donnas; I see that daily in the younger generation especially.
I think that is what Trump wants them to do. He already chastised Walmart and others for saying prices will have to go up due to tariffs.I think it is laughable to criticize these companies for making a decision that is in the best interest of their customers and shareholders. What would you suggest they do, stand firm on US production and go bankrupt?
@Tanks @PHOENIX PHIL
I’m lost in the math on the iPhone issue you two gentleman are going back and forth on, if bringing manufacturing back to America would cause a 50% increase as stated previously and the tariff being threatened is only 25% is it just another excuse to tax another product? No company is going to move production that will cost them 50% more to make as long as all that is threatened is a 25% increase their just going to pass on to the consumer anyway, you loose less customers at 25% increase than 50% increase. Unless I’m missing something? Is there another part to this issue I’m not seeing?
Let me provide some hard data. Years ago my division was buying into a Chinese manufacturing company. They were operating production facilities similar to mine with 10x the staff and 1/2 the op ex.. I toured every facility prior to approving the deal, so my data is not second hand.
Workers were housed and fed on-site in very decent facilities. They would see their families once or twice a year. Bulk material movements were done manually instead of by conveyor as manual was cheaper. This company produced product for domestic consumption. But imagine this capability and cost structure applied to a product for export to the US. There is no way for US manufacturing to produce at that cost structure, and any CEO who ignores it will be fired or out of business.
I think it is laughable to criticize these companies for making a decision that is in the best interest of their customers and shareholders. What would you suggest they do, stand firm on US production and go bankrupt?
There was an experiment...
From the article:
I don’t necessarily disagree, but it is in no way the fault of the corporations. They have no choice, although they are easy targets.I'm not sure if your post was directed towards me or not. I won't argue your data or against your point in general. But I would ask, at what economic cost to the USA? As pointed out in my post to Tubby, the USA has become way too dependent on the foreign supply chain and was exposed during Covid.
Will Trump be able to bring all mfg back to the US? I doubt it. But a rebalancing was needed and the more he can do that the better. Albeit the businesses must remain profitable for certain. It's profits that pay for the R&D of new products that keep these companies, like mine, in business to begin with.
Necessity drove Silicon Valley’s reliance on foreign labor. In the 1990s, Apple turned to India for engineers because of a shortage of American ones, said Satjiv Chahil, the company’s global marketing chief at the time.
There are “still not enough homegrown engineers,” said Chahil, a longtime Valley investor and innovator.
Our engineers are prima donnas; I see that daily in the younger generation especially.