Here’s the summary of the insanity:
- Trump says he’ll hammer chip / semiconductor imports with a 100% tariff
With me so far? Good.
- Trump then says that he’ll exempt firms investing, or even intending to invest, in US manufacturing from the massive tariff
Following along OK?
Good, here’s the earlier post on this:
Now Tim Cook, CEO of Apple, is no dummy, he was with Trump for all this b/s. He quickly stepped up with a “sure thing, I’m in” promise of US600bn investment over the next 4 years. Trump swallowed that, hook, line and sinker. For context. AAPL has invested $43bn in the past four years. LOL.
Cook has a fiduciary duty to his shareholders. The stock price went up. Mission accomplished. Its currently +2.3% or so on after hours trading.
