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Pastimes : The New Qualcomm - write what you like thread.
QCOM 180.90+2.1%Oct 31 9:30 AM EST

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From: Bill Wolf4/3/2025 8:25:41 AM
   of 12229
 
You Can NOT Be Serious!

An umpire would have to judge Trump’s tariffs over the line.
April 3, 2025 at 12:42 AM EDT

By John Authers

Today’s Points:
  • The blanket versus reciprocal tariffs debate has been resolved: Both
  • 10% blanket tariffs on all imports, starting April 5.
  • Tariffs of 54% on China, 20% on the EU, 24% on Japan, 26% on India, from April 9.
  • Mexico and Canada avoid new tariffs for now.
  • The UK escapes with a 10% tariff — a Brexit dividend at last.
  • China and small Asian countries like Vietnam seem the worst affected.
  • The initial market reaction is very, very negative.
  • AND: The doors we never opened into the Rose Garden.


John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”


bloomberg.com

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