the worst part about the tariff announcement today
is that these numbers don’t make sense
the rates they are using to calculate the 50% half-rate we charge back at each country include “currency manipulation and trade barriers”
currency manipulation includes FX headwinds which literally can change by the day
the EU is not charging us 39% across the board…
how did they come up with these numbers?
where is the logic here?
the market wanted 10%, 15%, 20% buckets — that was priced in
not these made up numbers to calculate reciprocal rates…
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