It’s True, The iPhone Increases The US Trade Deficit – But How?

It’s entirely true that the iPhone, Apple’s practice of building it in China, increases the US trade deficit. But how and by how much is something worth examining at a greater level of detail. The answer being that it’s very much less than you think:

How the iPhone widens the US trade deficit with China: The case of the iPhone X
Yuqing Xing 11 November 2019

In order to pursue ‘fair trade’, the Trump administration has imposed a punitive 25% tariff on $250 billion’s worth of Chinese goods.…

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Owen Jones Doesn’t Understand Steve Jobs And The iPhone

Owen Jones insists that billionaires simply shouldn’t exist. Because for everyone that does millions have been deprived of the value they create.

Dan Riffle, senior adviser to Ocasio-Cortez, says every billionaire is a policy failure. He’s right. A billionaire is someone who has concentrated wealth that is collectively created by the hard work and graft of others. A significant portion have inherited their wealth. But even the majority who haven’t are not “self-made” by any accurate use of that term.

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You’re Right, Your Mobile Is Vastly More Powerful Than The Apollo Computer

A nice little working through quite how much more powerful your iPhone is than the Apollo computer that took men to the Moon:

Would your mobile phone be powerful enough to get you to the moon?

Many people who are old enough to have experienced the first moon landing will vividly remember what it was like watching Neil Armstrong utter his famous quote: “That’s one small step for a man, one giant leap for mankind.

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Apple’s iPhone Explains Why Trump Is Wrong About Tariffs, Trade And China

As innumerable of us have explained over the years there’s nothing wrong with a trade deficit anyway. But when that deficit is being wrongly counted anyway it’s even more trivial. Apple’s iPhone is used here as an example of why that deficit with China just isn’t what people seem to think it is:

The guts of an Apple iPhone show exactly what Trump gets wrong about trade

Crack open an iPhone and you’ll begin to see why President Donald Trump’s ongoing trade war with China doesn’t make sense.…

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Deary Lordy Us – iPhone Rumour Machine Grinds Into Gear Again

It’s that time of the year we’re afraid – the iPhone rumour machine is grinding into gear. We’ve now got the entire summer of speculation about what, when, which price, leaks, rumours and flat out lies over what Apple will and won’t announce as the iPhone XI to look forward to.

Some of us actually started in this journalism thing before there even was an iPhone so we’ve rather seen this all before. The simple truth being that Apple will, at some point, release something mildly different from what they already sell.…

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Apple To Make iPhones In India – Won’t Make Much Difference To Be Honest

Apple and Foxconn are getting together to fulfill one of the dearest wishes of Modi’s government in India – they’re going to start manufacturing up to date iPhones in the country. That this announcement comes at the beginning of the vast voting exercise that is an Indian general election, well, why not time such announcements for their maximum value?

The thing is that the move isn’t going to make all that much difference. Sure, there will be some dodging of import tariffs but even then it’s not a certainty that Indian iPhone prices will fall:

India has become the fastest-growing smartphone market in the world, while China stagnates and Apple loses share to local competitors such as Huawei Technologies Co.

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What A Cute Fraud – Scamming Apple To Replace Chinese iPhone Fakes

This isn’t perhaps the world’s most sophisticated fraud – we don’t ever hear about them because they’re good enough that they don’t get caught – but it is a cute one, scamming Apple into replacing entirely fake Chinese iPhones. The basic plan is that people in China send over to the US something knocked up in some shed in Shenzen – well, that’s how real iPhones are made after all – and these are then bled into Apple’s replacement system for faulty iPhones.…

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Trump Misunderstands Trade Again – Apple iPhone Edition

That President Donald Trump misunderstands the basics of trade is obvious enough, he’d not be slapping import taxes upon American consumers if that weren’t so. But it’s interesting to note quite how far he’s misunderstanding the basics here for he’s going further back into said basics errors than just trade. He’s getting the point of our having an economy at all wrong.

The point being that the reason we have an economy at all is so that we can all consume more.…

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Yes, The Slug And Lettuce’s Call Centre Is A New Technology Just Like Apple’s iPhone

We’ve a piece in the Telegraph bemoaning the peaking of Apple’s iPhone and asking where the next wave of innovation is going to come from – they not realising that the call centre the Slug and Lettuce used to book Crissy parties is also a new technology. Sure, not as world changing, not as impressive but a new technology, an innovation, just the same. And it’s that second, that new method of arranging the liver explosion get togethers which changes the world over time.…

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Apple’s Older iPhones Not For Sale In Germany Over Patent Breaches

A useful reminder of the importance of intellectual property in this modern world – Apple’s older iPhones have been withdrawn from sale in Germany over allegations of breaches of Qualcomm’s patents. That this might be getting a little absurd could be true but it’s very useful proof that intellectual property isn’t just a method of tax dodging as more than one tax campaigner insists.

That contention is what underlies a possible mistake in proposed changes to the global taxation system.…

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