Stupid tariff + stupid exemption + stupid (ridiculous) promise = AAPL share price jumps

8 months ago 48

RoboForex - professional services on Forex market

A confluence of idiocy fuels a rise for the Apple share price - I'll take it!

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:

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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