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Trump exempts smartphones and computers from new tariffs
Lot of sound and fury, but it seems at the end of the day nothing will happen. Over/under on how many more 'exemptions' we'll end up with?
What an awful sign for our civilization --- Trump's reversal reflects our lack to accept short term pain to achieve long term objectives. For my purposes here, it doesn't matter whether the tariffs on phones would have actually helped: what matters is that Trump believed they would, that he was the duly elected head of state, that imposing tariffs was within his legitimate authority, and that he had a majority in the legislature as well.
He still couldn't do it. If he couldn't, nobody can. And if our societal time preference really is this high, we are fucked.
It's pretty blackpilling. The US has basically devolved into a nation of crack addicts. If Americans aren't literally fat, and most of them are, they are spiritually fat. Endlessly chasing fulfillment via the next product purchase while never actually finding it. Capitalism is great at giving people what they want, and what they want is to be a cancer-esque fleshy growth on a couch in front of a screen.
Endless dollars flow to China, where they are spent on housing, industry, energy projects, military that dwarfs the US's in efficiency and output and soon will in size, and so on. While in return stuff that will be in a landfill in 2 years flows to the US. Housing is in a crisis, energy grids are strained, infrastructure is crumbling, industry and even the knowledge to build and repair stuff has been offshored. Meanwhile Americans are up in arms (as long as its via a screen and doesn't actually involve lifting something) that they will have to buy a new iphone every other year instead of every year. If tariffs get really bad all the modern cell phones where you can no longer replace the battery might make it to their planned obsolescence age!
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