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The Kobeissi Letter
BREAKING: The S&P 500 collapses as President Trump says he will impose an ADDITIONAL 50% tariff on China on April 9th if China does not withdraw their 34% tariff on the US by April 8th.

Including Trump's "reciprocal tariff" of 34%, that's total tariff hike of +84% on China set to go live April 9th.

BREAKING: President Trump says if China does not withdraw their 34% tariff by April 8th, the US will impose an ADDITIONAL 50% tariff on China on April 9th. https://t.co/L59a8lthJS
- The Kobeissi Letter
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The Kobeissi Letter
BREAKING: President Trump says all talks with China concerning requested meetings with the US will be terminated.
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Offshore
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Investing visuals
We just witnessed an historic event.

In 22 minutes, we saw a $5 TRILLION market swing triggered by a headlines. https://t.co/kskEafgUDZ
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The Kobeissi Letter
We are currently witnessing one of the craziest days in stock market history.

April 7th, 2025 will be a date referenced for years to come.
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Investing visuals
TRUMP:

“We will increase our tariffs on China to 50% on April 9th if China does not withdraw its 34% retaliatory tariffs.”

Markets down 🔻-2% again. https://t.co/0YXgVDW6Ol
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Finding Compounders
Chuck Akre delivers some great investing advice in his 1998 shareholder letter https://t.co/sKCjuqmLVf
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The Kobeissi Letter
Something doesn't add up here.

Over the last 2 hours we have now had:

1. The White House call tariff delay headlines "fake news"

2. President Trump threaten another 50% tariff hike on China

At the surface, the trade war situation just got materially WORSE.

Meanwhile, the S&P 500 is trading +200 points above its low seen before point #1.

Is something happening behind the scenes?
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Hidden Value Gems
RT @HiddenValueGems: Wondering if Buffett will be able to deploy BRK’s cash for a significant acquisition this time?

He may be concerned by the profitability and possible capital requirements of the businesses he already owns…

#WarrenBuffett #BRK
- He will buy smth big
- He will miss like in 2020
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The Kobeissi Letter
BREAKING: Blackrock CEO says he will not rule out "another 20% stock market decline." https://t.co/cVAh3aDbl1
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Finding Compounders
Li Lu on Moats https://t.co/6EiuUDbTcI
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Finding Compounders
Negotiating with Warren Buffett seems to be pretty tuff .

This is when he was negotiating to buy Clayton Homes https://t.co/DZ8D05gLDa
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Quiver Quantitative
Elon Musk's brother, Kimbal Musk, just said:

"Through his tariff strategy, Trump has implemented a structural, permanent tax on the American consumer.

Even if he is successful in bringing jobs on shore through the tariff tax, prices will remain high"
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