Tag Archives: Apple
The Dispatch: No, President Trump’s Tariffs Haven’t Generated $8 Trillion in Revenue
President Donald Trump speaks to reporters after signing executive orders in the Oval Office of the White House in Washington, D.C. on September 5, 2025. (Photo by MANDEL NGAN/AFP via Getty Images)
On Labor Day, a post on the White House’s official X account lauded President Donald Trump for having generated $8 trillion in revenue for the federal government and celebrated his “protectionist trade policies” for creating $8 trillion in U.S. investment. The text of the post highlights the trade policies, while an accompanying graphic touts the tariff revenue.
Trump also claimed Tuesday that the U.S. has “taken in almost $17 trillion in investment … most of it has come in because of tariffs.”
None of the claims is accurate.
A Bipartisan Policy Center analysis of the Treasury Department’s daily statements shows that the federal government has taken in $158.4 billion in tariff revenue since January 21, the day after Trump’s inauguration. On August 22, the Congressional Budget Office updated past projections and now estimates that Trump’s tariffs on China, Mexico, and several other countries will reduce deficits by $4 trillion—over the next decade. Each year, the United States on average takes in $3 trillion in imported goods, which makes the claim of $8 trillion in tariff revenue just in 2025 nearly impossible.
The White House maintains on its website a list of pledges of investment by various companies and countries, most recently updated on September 2. The list includes private sector projects such as a “$600 billion investment in U.S. manufacturing and workforce training” by Apple, $500 billion by Nvidia to update its U.S. infrastructure, and $200 billion by Micron to boost its U.S. production of memory chips. And it includes pledges by foreign nations such as the United Arab Emirates ($1.4 trillion), Qatar ($1.2 trillion), and Japan ($1 trillion) to invest in the U.S.
Add up those amounts, and you get roughly $7.5 trillion. But there are several reasons not to take these pledges at face value. As Dispatch contributor and Cato Institute vice president Scott Lincicome has written, companies like Apple, Amazon, or the chip manufacturer TMSC often seek to gain favor with a new administration by promising multibillion-dollar investments. These often involve either expansions of projects already in the works or vague pledges that lack concrete time frames.
“Oftentimes companies that are actually pledging new investment will say they’re going to do it based on market conditions,” Lincicome told The Dispatch. “Well, market conditions change, and suddenly what looks like a good investment isn’t a good investment, and it never happens. Or, the timeline is hilariously drawn out, and so it might take 10 years to hit that number.”
Trump’s first term, Lincicome continued, featured a collection of multibillion-dollar pledges from manufacturing giants—ultimately, with mixed successes. “Some of it certainly happened, but a lot of it didn’t, and some of it that did happen actually ended up collapsing. Look at [Magnitude] 7 Metals, this big aluminum company. [Trump trade adviser] Peter Navarro went out there and claimed this was the future of American aluminum, and it’s closed down two years later.”
When asked to clarify, the White House did not offer further explanation for their Labor Day post or for Trump’s remarks.
“President Trump is right: tariffs are bringing in historic revenue for the federal government, revenue that will amount to trillions of dollars in the coming years,” White House spokesperson Kush Desai told The Dispatch in an email. “Tariffs made America rich once before, and tariffs will Make America Wealthy Again.”
Simply bullshit! “The federal government has taken in $158.4 billion in tariff revenue since January 2”, not $8 trillion. Liars!
And they probably haven’t taken into account the changes in spending habits that occur when taxes and prices increase.
The Hill: Trump ahead of Friday jobs report: ‘Real numbers’ will be ‘a year from now’
President Trump said Thursday that “real” jobs numbers will come next year, ahead of the Bureau of Labor Statistics’s (BLS) first jobs report since he fired its leader in response to dismal numbers in July.
“They come out tomorrow, but the real numbers that I’m talking about are going to be whatever it is, but will be in a year from now on,” Trump told reporters while flanked by more than two dozen top tech executives at a White House dinner.
He said that when “huge, beautiful places, the palaces of genius” open, job numbers will improve. He did not specify what projects he was referring to.
“When they start opening up … I think you’ll see job numbers that are going to be absolutely incredible,” Trump said. “Right now, it’s a lot of construction numbers, but you’re going to see job numbers like our country has never seen.”
His comments on the jobs report come as economists are predicting more weakening in the labor market for August. The July jobs report, which sparked Trump to fire former BLS Commissioner Erika McEntarfer, showed an average of just 35,000 jobs being added to the economy per month across May, June and July.
Her firing has raised concerns over the politicization of jobs data and whether the public should question whether they can trust future releases. White House National Economic Council Director Kevin Hassett told CNN last week, “I think they’ll be as good as they can be, but they need to get a lot better.”
The president spoke to reporters while he hosted Meta CEO Mark Zuckerberg, CEO of Google Sundar Pichai, Apple CEO Tim Cook and Microsoft founder Bill Gates, among several others, for a dinner at the White House.
At the dinner, which was slated to be the inaugural event in the newly renovated Rose Garden but moved inside due to rain, Trump asked the attendees to say how much their companies were investing in U.S. manufacturing.
A year from now? Meanwhile, how do we eat and pay the rent?

https://thehill.com/homenews/administration/5487439-trump-friday-jobs-report-real-numbers
Associated Press: Trump will host top tech CEOs except Musk at a White House dinner
President Donald Trump will host a high-powered list of tech CEOs for a dinner at the White House on Thursday night.
The guest list is set to include Microsoft cofounder Bill Gates, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg and a dozen other executives from the biggest artificial intelligence and tech firms, according to the White House.
One notable absence from the guest list is Elon Musk, once a close ally of Trump, whom the Republican president tasked with running the government-slashing Department of Government Efficiency. Musk had a public breakup with Trump earlier this year.
The dinner will be held in the Rose Garden, where Trump recently paved over the grassy lawn and set up tables, chairs and umbrellas that look strikingly similar to the outdoor setup at his Mar-a-Lago club in Palm Beach, Florida.
“The Rose Garden Club at the White House is the hottest place to be in Washington, or perhaps the world,” White House spokesman Davis Ingle said in a statement. “The president looks forward to welcoming top business, political, and tech leaders for this dinner and the many dinners to come on the new, beautiful Rose Garden patio.”
The event will follow a meeting of the White House’s new Artificial Intelligence Education task force, which first lady Melania Trump will chair.
“During this primitive stage, it is our duty to treat AI as we would our own children — empowering, but with watchful guidance,” she said in a statement. “We are living in a moment of wonder, and it is our responsibility to prepare America’s children.”
At least some of the attendees at the president’s Thursday’s dinner are expected to participate in the task force meeting, which aims to develop AI education for American youths.
The White House confirmed that the guest list for the dinner is also set to include Google founder Sergey Brin and CEO Sundar Pichai, Microsoft CEO Satya Nadella, OpenAI CEO Sam Altman and founder Greg Brockman, Oracle CEO Safra Catz, Blue Origin CEO David Limp, Micron CEO Sanjay Mehrotra, TIBCO Software chairman Vivek Ranadive, Palantir executive Shyam Sankar, Scale AI founder and CEO Alexandr Wang and Shift4 Payments CEO Jared Isaacman.
Isaacman was an associate of Musk whom Trump nominated to lead NASA, only to revoke the nomination around the time of his breakup with Musk. Trump cited the revocation of the nomination as one of the reasons Musk was upset with him and called Isaacman “totally a Democrat.”
The dinner was first reported Wednesday by The Hill.
As my little brother would have said many years ago, “Musk is cut!”
https://apnews.com/article/trump-tech-ceos-white-house-rose-garden-e234e719d96d299d2f670037f9505a9f
The Times: Trump sees off the free-market capitalism that enriched America
With sycophants in seats once occupied by powerful advisers and Democrats in disarray, effective resistance to the president’s power grab is negligible
The Art of The Deal has come to government. President Trump wants a piece of the action on transactions needing government approval or funding. He wants equity stakes in an ever-increasing number of America’s major corporations, giving him a say in what those corporations invest in, from whom they buy, to whom they sell, whom they fire and much more. The free-market capitalism that saw this nation prosper like no other is no more. The confessedly corrupt early 20th-century politician George Washington Plunkitt famously said, “I seen my opportunities and I took ’em.” Trump “seen” his.
The first opportunity was presented by a global trading system that seriously disadvantaged the US. Trump replaced it with a system of tariffs that transfers enormous powers to him. Nvidia, a world leader in AI development, was granted an export licence to sell some of its chips to China in return for directing 15 per cent of the proceeds to the Treasury over which Trump, in effect, presides.
The president now has life-and-death power over Apple, which has won exemption from tariffs on its iPhones and other devices by pouring the odd billion into Trump’s headline-generating announcements of new investments in America. Such relief is in the gift of the president, creating a giant pay-to-play casino where market forces, flawed though they were, once prevailed. Congress can read all about it on Truth Social.
The second opportunity was presented to Trump by Nippon Steel’s request for approval of its acquisition of US Steel. Permission granted, in return for which the government received a golden share in the combined company. That, added to its need for tariff protection, gave Trump considerable power not only over the new US Steel but over the auto, appliance and other industries that use the metal, both domestic and imported.
The third opportunity for power enhancement was created for Trump when President Biden ladled out billions in subsidies to chipmaker Intel. In return, in the inimitable words of commerce secretary Howard Lutnick, “We got nothing, nothing.” A Republican president of the old school might have cancelled the Biden subsidies and left Intel at the mercy of market forces.
Trump has been accused of many things, but never of being a traditional Republican. He demanded that Intel issue and turn over to the government some $8.9 billion of new shares, in effect giving him control of 10 per cent of Intel’s outstanding shares. Socialist senator Bernie Sanders professed delight. Intel’s competitors not so much. Existing rivals and those the Silicon Valley crowd expects to conjure will be at a significant disadvantage competing with businesses in which the government has a financial interest, and with which Trump’s political future is now linked.
The president promises “many more” such deals, or “shakedowns” as his critics call them — the substitution of state capitalism for market capitalism, as an economist would put it. MP Materials, a potential major producer of rare earth magnets, is to receive government financial aid that it says will position the Department of Defense “to become the company’s largest shareholder”.
Lockheed Martin, which gets 90 per cent of its revenues from the US government, might be the next of many defence contractors Trump is planning to add to the congeries of enterprises under his management. The issuance of new shares to the government, of course, will dilute the value of existing shares, and is therefore a de facto seizure of private property. And, say critics, will surely slow the pace of risk-taking innovation.
In short, the extent of presidential control of the economy has not been seen since the end of the Second World War. Trump has added to his influence over macroeconomic policy by levying tariffs, another name for taxes. He is in the process of gaining control of monetary policy by packing the Fed board and firing an existing board member for alleged mortgage fraud, no trial necessary.
Fed independence, done and dusted, control of the macroeconomy complete, he is turning his attention to the independent players that make up the microeconomic economy. With sycophants in seats once occupied by powerful advisers and the opposition Democrats in disarray, effective resistance to Trump’s power push is negligible.
Economists have long linked free markets with individual freedom, state control of the economy with the power of government to decide which companies prosper and which industries provide jobs in which states. Trump has displaced those market forces with, well, himself. Add control of the criminal justice system and the firing or demotion of two dozen January 6 prosecutors; replacement of professional number-crunchers with Maga loyalists at no-longer independent agencies; raids on the home and office of former National Security Advisor John Bolton; and plans to replace local law enforcement with what the Founding Fathers feared, a federal “standing army” under the control of the president, America’s new CEO-in-chief.
“You ain’t seen nuttin’ yet” has long been a common boast among America’s entertainment celebrities, of which the star of The Apprentice is one. Now, as president, he is favouring visitors with baseball caps emblazoned “Trump in 2028”.
Daily Beast: Trump Threatens Countries Failing to Show Him ‘Respect’ in Deranged Late-Night Meltdown
The president makes vague threats while lashing out at overseas digital services taxes.
Tariff-loving Donald Trump has issued an unhinged threat against countries he claims don’t show the U.S. and major tech companies “respect.”
In a typical deranged late-night post on Truth Social, the MAGA president warned he would impose “substantial” new tariffs and block U.S. chip exports to countries that enforce digital taxes.
Trump argued that digital service taxes are designed to “harm, or discriminate” against American technology, and issued a sinister warning for if they are not dropped.
Trump has long railed against digital services taxes, including those imposed in Europe, which primarily hit U.S. tech giants, including Apple, Google, and Meta.
“They also, outrageously, give a complete pass to China’s largest Tech Companies. This must end, and end NOW,” Trump wrote.
“With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed,” he added. “America, and American Technology Companies, are neither the ‘piggy bank’ nor the ‘doormat’ of the World any longer. Show respect to America and our amazing Tech Companies or, consider the consequences! Thank you for your attention to this matter.”
While not mentioning any nation by name, his comments appear to be a swipe at the European Union, whose Digital Markets Act (DMA) designates tech behemoths as “gatekeepers” and seeks to ensure they do not have a monopoly on their respective markets or abuse their powers.
The president’s warning came shortly after the U.S. and EU issued a joint statement pledging to negotiate over “unjustified trade barriers” targeting U.S. tech companies and agreeing not to impose customs duties on electronic transmissions, Bloomberg reported.
In June, Canada also pulled plans to tax American tech companies’ operations in the country to appease Trump amid threats to impose higher tariffs on imports from its northern neighbor.
Trump blasted Canada’s proposed digital tax—which would have slapped a 3 percent levy on Canadian revenue above $20 million—as a “blatant attack.”
At the time, White House Press Secretary Karoline Leavitt said Canadian Prime Minister Mark Carney “caved” to Trump by dropping the tax, originally announced in 2020.
Alternet: Donald Trump just debunked his own lie — and it should get him sued | Opinion
Walmart, Apple , and Amazon, the most successful companies in the U.S., base their corporate strategies on data: consumer behavior data, market research, financial, product, and competitive analysis data.
Any CEO who deliberately relied on falsified data, or who demanded cooked books, would be fired immediately — and likely sued by the Board of Directors.
Any CEO of any company who tried to manipulate the appearance of short-term success for his own personal gain, at the expense of long-term viability for the company, would also be fired and likely sued for malfeasance, and worse.
A successful CEO knows that falsifying economic or financial data can lead to charges of securities fraud, wire fraud, and other financial crimes, because false data can ruin investors, corporations, and markets overnight.
Enter Donald Trump, whose self-proclaimed governing philosophy is “running the country like it’s a business.” Debunking the lie of his own manufactured image as a “successful businessman,” last Friday Trump angrily fired the Bureau of Labor Statistics (BLS) Commissioner because he didn’t like her data — even as he wears 34 felony convictions for falsifying records.
Dr. Erika McEntarfer, a widely respected statistician, enjoyed bipartisan support, including confirmation votes from Marco Rubio and JD Vance. Appointed commissioner under the Biden administration, she holds a Ph.D. in economics from Virginia Tech, and served at the Census Bureau for two decades under both parties prior to her BLS appointment.
By federal law, McEntarfer’s appointment ends in 2028. Trump fired her anyway because he was embarrassed by jobs data that didn’t match his own hype.
In May, the White House said that April’s jobs report “proved” that Trump was “revitalizing” the economy. In June, Trump posted, “GREAT JOBS NUMBERS.” After the Labor Department released revised jobs figures for those months — a common practice because jobs reports are sample projections that get adjusted when actual employer data come in — Trump fired the messenger.
Trump’s penchant for hiding and falsifying data has put American corporations and the economy in more danger. Just as he scrubbed government websites of climate data to bolster his fossil fuel donors, just as he ordered the Smithsonian to remove an exhibit accurately reflecting his own impeachments, Trump thinks reality is whatever he says it is.
As he fantasizes about returning America to the Gilded Age, where robber barons extracted the earth’s resources for unimaginable profit while laborers worked for starvation wages, he’s forgetting that his oligarch donors need accurate economic data too. At least oligarchs creating real products and delivering real services—as opposed to merely speculating in Trump’s image—need real, reliable, and uncooked data.
McEntarfer should sue
When Trump fired McEntarfer in a social media post, he declared that her numbers were “phony.” He wrote on Friday, “In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad,” adding: “But, the good news is, our Country is doing GREAT!”
He said the numbers had been manipulated for political purposes, and announced he fired McEntarfer as a result.
Trump also baselessly accused McEntarfer of manipulating jobs numbers before the November election to advantage Kamala Harris. Trump said to reporters, “I believe the numbers were phony, just like they were before the election, and there were other times. So you know what I did? I fired her, and you know what? I did the right thing.”
When asked what his source was, he said, “my opinion,” confirming that there was no evidence to back up his reckless claims, claims that permanently tanked the reputation of a celebrated career professional.
Presidents not immune from civil prosecution
No doubt Trump slurred McEntarfer based on his own “opinion” to avoid defamation liability, but an opinion that implies a false fact is still defamatory, it is still actionable, and presidents are not immune from civil lawsuits for defamation.
The four legal elements of defamation are easily found here: false statement; publication; negligence in repeating the falsehood; and reputational harm.
More, a president has immunity from civil lawsuits only for actions taken in furtherance of his core constitutional powers. One of the main “core constitutional powers” of a president is ensuring the faithful execution of laws, such that acting to impede the execution of federal law would fall outside core official responsibilities. (As an aside, even under the disastrous Trump v. US criminal immunity ruling, Trump’s J6 conduct would likely have fallen outside his core function, had it proceeded to trial.)
Trump knowingly and intentionally lied about the BLS commissioner in a manner that directly conflicts with the Department of Labor’s statutory mission; as such, it was not a “core Constitutional function.” Announcing that previous labor reports were “falsified” causes immediate reputational harm to the Commissioner, the Department of Labor, and the US economy overall. It directly impedes the accurate compilation of labor data, a charge mandated by the Wagner-Peyser Act of 1933 as well as the Fair Labor Standards Act.
By implicitly directing that all future US data should be falsified to suit his own political narrative, Trump’s statements not only harm America’s economy, but they hinder rather than aid the faithful execution of laws.
As McEntarfer’s predecessor puts it, McEntarfer’s “totally groundless firing” sets a dangerous precedent and “undermines the statistical mission of the bureau.”
“We need accurate Jobs Numbers,” Trump told reporters, suggesting McEntarfer’s jobs numbers weren’t.
“She will be replaced with someone much more competent and qualified,” he added, suggesting McEntarfer was neither.
Missing the risible irony as he seeks manipulated jobs data for his own political purposes, Trump added, “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.”
https://www.alternet.org/alternet-exclusives/trump-lie-debunked
Mirror: LA immigration protests LIVE: Mass protests spread to new cities, with tear gas thrown in Dallas
The President sent another 2,000 National Guard troops to confront immigration protesters in LA, as the demonstrations spread to other US cities
- Pro-Trump protester tells a Black woman to “Listen to you overseers” after she confronted him for antagonizing demonstrators 19:18
- At least 700 Marines deployed to LA to help with protest mitigation and protection23:13
- Donald Trump says LA nearly ‘completely obliterated’ without National Guard as feud with Newsom escalates18:06
- California sues Donald Trump for deploying National Guard as feud between Trump and Newsom explodes17:01
- Gavin Newsom gives scathing nine-word verdict on Donald Trump’s mental state16:52
President Donald Trump has defended his decision to send another 2,000 National Guard troops to confront immigration protesters in Los Angeles, as the demonstrations spread to other US cities.
The protests began Friday in downtown LA after federal immigration authorities arrested more than 40 people across the city. Trump on Monday authorized the deployment of 700 Marines and additional National Guard troops to LA as the protests entered a fourth day. It came after an initial 300 troops arrived in the city on Sunday.
The demonstrations spread to other cities including Boston, Houston and Philadelphia on Monday. In Dallas, hundreds of protesters gathered for a rally which police declared was “unlawful.” Authorities said one person was arrested.

https://www.themirror.com/news/us-news/la-immigration-protests-live-flash-1195445
Live: LA immigration protests LIVE: Newsom brands Marine deployment to LA Trump’s ‘deranged fantasy’
California Gov. Gavin Newsom said the state of California is suing Donald Trump over his response to the violent riots in L.A. Tensions exploded between the two over the weekend and into Monday
- At least 700 Marines deployed to LA to help with protest mitigation and protection18:13
- Donald Trump says LA nearly ‘completely obliterated’ without National Guard as feud with Newsom escalates13:06
- California sues Donald Trump for deploying National Guard as feud between Trump and Newsom explodes17:01
- Gavin Newsom gives scathing nine-word verdict on Donald Trump’s mental state16:52
- Dramatic images show full extent of LA chaos amid protests11:24
Americans fear civil war is beginning right before their eyes as L.A. protesters and police clash — and California Gov. Gavin Newsom said the state of California is now suing Donald Trump over his response to the violent riots.
California Democrat Adam Schiff also accused Trump of wanting a reason to justify martial law in the region. The president lobbed several attacks against Newsom and L.A. Mayor Karen Bass on his Truth Social on Sunday night.
Trump is deploying 2,000 National Guard troops as protesters seek to block federal immigration authorities from carrying out deportations. ed to deploy status” should they be called upon to defend federal facilities and personnel.
The Marines with 2nd Battalion, 7th Marines, 1st Marine Division will work with the roughly 2,100 National Guard troops on the ground to protect federal property and personnel, including federal immigration agents, U.S. Northern Command says.
The Marines are moving from their base at Twentynine Palms in the California desert on Monday.
The troops have been trained in de-escalation, crowd control and standing rules for the use of force, and they will be armed with the weapons they normally carry.
Kent State Reprise is just around the corner.

https://www.themirror.com/news/us-news/la-immigration-protests-live-flash-1195445
CBS News: 4 partners leave Paul Weiss after firm cut deal with Trump
Four partners at Paul Weiss — including the high-profile Democratic attorney Karen Dunn — are departing the law firm, a spokesperson told CBS News, after Paul Weiss drew attention for striking a deal with President Trump to avoid targeting by the federal government.