Tim Cook earned his paycheck

Probably the market rallies (or at least tech does) on the back of the electronics exemption. But giving the White House credit for this, is like the arsonist being thanked for calling the fire brigade.

Whisky Tango Foxtrot

So Lutnick says we are zigging and zagging on the electronic and technology tariffs. It’s ok to admit at this point that they have no idea what they are doing.

A masterclass is fostering confusion, chaos and uncertainty — which will impact hiring, investment, consumer confidence, and trust in the economy writ large.

Tariffs on semiconductors and electronics will be introduced in about a month, according to U.S. Commerce Secretary Lutnick. Those products were exempted from tariffs just yesterday. The whole system seems designed to create paralysis.

Sums up the chaos in a nutshell

Trump’s trade policy isn’t even protectionism, at this point. It’s … like, paralysism. What are we protecting with this “the tariffs are on! they’re off! on! off!” approach? Not manufacturing. Certainly not farming. Uncertainty raises the value of delay. So we’re just

These kinds of policies being championed by a Secretary of Commerce are like anti-vax policies being championed by a Secretary of Health and Human Services... oh wait!

for those keeping score* • “reciprocal” but actually non-reciprocal/much higher tariffs on everyone • tariffs down to 10% on everyone for 90 days • 50% more tariffs on china • 50% even more tariffs on china • except computers and electronics • but maybe on computers

It's hard to relate these tariffs to the economic interests of Americans. Consumer sentiment has plummeted and expected inflation has soared, so its very hard to see a logic in economic interest terms.

idea: 145% tariff on lutnick media appearances

Unclear if "live from Argentina" is a geographic description or a policy observation

Do you see the problem?👇

Proud of Harvard for standing up for its constitutional rights and independence in our free society. Harvard University

Heartbreaking to see global investors treating America, because of Trump's catastrophic leadership, as something like a nuclear-armed banana republic.

it was the trump stock market before, because it was going up. now it’s the biden stock market, because it’s going down. this is not difficult to understand.

Trump: “Somebody said, ‘Oh the shelves are going to be open.’ Well, maybe the children will have two dolls instead of 30 dolls. And maybe the two dolls will cost a couple bucks more than they would normally."

We gonna need more popcorn. Our national popcorn strategic reserves are getting rapidly depleted.