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by AnthonyMouse
430 days ago
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> This is Senator Chris Murphy explaining it’s not economic policy, it’s an attempt to blackmail corporations into submission by making a deal with him in return for sanctions relief. Weirdly the same explanation works if you're being less uncharitable, i.e. Apple agreed to invest $500B in the US but everybody knows new factories aren't going to be built overnight, so they get a reprieve from the tariffs for now provided they continue to go through with the investment. Which in turn makes them immune from future tariffs once they're actually making iPhones in the US, while allowing the tariffs to be reinstituted against anyone who didn't do likewise. |
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Building a factory takes years, and a big chunk of that happens long before you actually start work on site.
You gotta find a site, work with local govt to negotiate servicing, environmental report (there's a couple years, and potentially a couple go-arounds right there.)
So there can be lots of activity, lots of progress reports, lots of optimism, for a decade or more before any real money has to be spent.
Ultimately Apple et al can "agree" to anything, the president can have his "big win" and things can carry on just as before.