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The Kobeissi Letter
We just witnessed history:
After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.
Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.
Are you ready for what's next?
(a thread) https://t.co/kOLjN5xNnj
tweet
We just witnessed history:
After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.
Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.
Are you ready for what's next?
(a thread) https://t.co/kOLjN5xNnj
tweet
Offshore
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The Kobeissi Letter
What most people don’t realize:
This is actually a pretty good reaction to the largest tariff wave in U.S. history.
It’s surprising we are not “limit down.” https://t.co/TL2rBPICvX
tweet
What most people don’t realize:
This is actually a pretty good reaction to the largest tariff wave in U.S. history.
It’s surprising we are not “limit down.” https://t.co/TL2rBPICvX
tweet
Offshore
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The Kobeissi Letter
Government Responses to US Tariffs, So Far:
1. European Union: Retaliatory measures being "prepared"
2. China: Urges the US to "immediately" cancel reciprocal tariffs or they will take "counter-measures"
3. Germany: Calls on EU to pressure President Trump
4. Japan: Says tariffs are "regrettable" and seeks exemption
5. Canada: Preparing countermeasures to existing tariffs
6. Mexico: Plans a broader response as soon as April 3rd
7. South Korea: Begins emergency support for impacted industries
8. UK: Attempting to reach a trade deal with the US keeping "options open"
9. Brazil: Considering going to WTO, evaluating potential responses
Reciprocal tariffs on reciprocal tariffs will begin today.
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Government Responses to US Tariffs, So Far:
1. European Union: Retaliatory measures being "prepared"
2. China: Urges the US to "immediately" cancel reciprocal tariffs or they will take "counter-measures"
3. Germany: Calls on EU to pressure President Trump
4. Japan: Says tariffs are "regrettable" and seeks exemption
5. Canada: Preparing countermeasures to existing tariffs
6. Mexico: Plans a broader response as soon as April 3rd
7. South Korea: Begins emergency support for impacted industries
8. UK: Attempting to reach a trade deal with the US keeping "options open"
9. Brazil: Considering going to WTO, evaluating potential responses
Reciprocal tariffs on reciprocal tariffs will begin today.
We just witnessed history:
After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.
Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.
Are you ready for what's next?
(a thread) https://t.co/kOLjN5xNnj tweet
Offshore
Photo
The Kobeissi Letter
President Trump's first comment since "Liberation Day:"
He says "the operation is over [and] the patient lived."
"The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before."
The stock market is NOT a concern, stop believing otherwise.
tweet
President Trump's first comment since "Liberation Day:"
He says "the operation is over [and] the patient lived."
"The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before."
The stock market is NOT a concern, stop believing otherwise.
tweet
Offshore
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The Kobeissi Letter
BREAKING: Nike shares, $NKE, extend decline to -14% on the day falling to the lowest level since October 2017.
Nike has over 530,000 employees in Vietnam which was just tariffed 46% by the US.
This is a nightmare situation for Nike. https://t.co/oRXWCJmsgk
tweet
BREAKING: Nike shares, $NKE, extend decline to -14% on the day falling to the lowest level since October 2017.
Nike has over 530,000 employees in Vietnam which was just tariffed 46% by the US.
This is a nightmare situation for Nike. https://t.co/oRXWCJmsgk
We just witnessed history:
After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.
Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.
Are you ready for what's next?
(a thread) https://t.co/kOLjN5xNnj tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: US Commerce Secretary Lutnick says US tariffs will go UP if a country retaliates.
In other words, we are about to see retaliatory tariffs on retaliatory tariffs on retaliatory tariffs.
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BREAKING: US Commerce Secretary Lutnick says US tariffs will go UP if a country retaliates.
In other words, we are about to see retaliatory tariffs on retaliatory tariffs on retaliatory tariffs.
"Reciprocal tariffs" are officially HERE:
President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.
S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes.
What just happened? Let us explain.
(a thread) https://t.co/S4pmsDweNB tweet
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The Kobeissi Letter
BREAKING: OPEC agrees to raise production by MORE than expected in May 2025, adding 411,000 barrels of crude oil to the market per day.
OPEC knows oil prices are crashing regardless. https://t.co/SYwqefB3u7
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BREAKING: OPEC agrees to raise production by MORE than expected in May 2025, adding 411,000 barrels of crude oil to the market per day.
OPEC knows oil prices are crashing regardless. https://t.co/SYwqefB3u7
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The Kobeissi Letter
RT @TKL_Adam: If you zoom out and take a look at the Volatility Index, $VIX, you’ll realize something:
Selling has actually been surprisingly *orderly* all year.
The $VIX is under 30 like panic selling hasn’t even start yet. https://t.co/rfSe2kjOkz
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RT @TKL_Adam: If you zoom out and take a look at the Volatility Index, $VIX, you’ll realize something:
Selling has actually been surprisingly *orderly* all year.
The $VIX is under 30 like panic selling hasn’t even start yet. https://t.co/rfSe2kjOkz
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