Here's the summary of the insanity:
Trump says he'll hammer chip / semiconductor imports with a 100% tariffWith me so far? Good.
Following along OK?
Good, here's the earlier post on this:
Trump's 100% chips tariff has a big but (I like big buts and I cannot lie)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.
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