⁠The Kobeissi Letter
China's response was personal:

On top of 34% tariffs, they have imposed export controls on 7 types of rare earth metals.

China knows how important rare earth metals have been for President Trump. https://t.co/Vx4aSaijA1
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⁠The Kobeissi Letter
BREAKING: The US economy adds 228,000 jobs in March, above expectations of 137,000.

The unemployment rate rises to 4.2%, above expectations of 4.1%.

The February jobs number was revised down from 140,000 to 116,000.

We continue to see rising unemployment rates in the US.
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⁠Hidden Value Gems
This is from ChatGPT, but I also remember learning about the benefits of trade for economic growth at uni...

I guess the hope here is that the US is not a dictatorship with checks and balances in place.

I asked Chat to come up with the previous periods of tariff rises and their outcomes 👇
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⁠The Kobeissi Letter
BREAKING: President Trump tells investors "my policies will never change."

Buckle up. https://t.co/ZZW4b97V3Q
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⁠The Kobeissi Letter
BREAKING: President Trump just now, "WE CAN'T LOSE!!!"

A long trade war is ahead of us. https://t.co/6KCsHp0a8v

The "World War 3" of Trade Wars Has Begun:

Americans are waking up to the first MAJOR tariff retaliation against President Trump.

China has announced 34% tariffs on ALL US goods with the S&P 500's 2-day losses now at -$3.5 TRILLION.

Here's what just happened.

(a thread) https://t.co/snIbLMV24D - The Kobeissi Letter
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⁠The Kobeissi Letter
BREAKING: JP Morgan has raised their probability of a recession in 2025 to 60%. https://t.co/5EDtP9Ro8E

The "World War 3" of Trade Wars Has Begun:

Americans are waking up to the first MAJOR tariff retaliation against President Trump.

China has announced 34% tariffs on ALL US goods with the S&P 500's 2-day losses now at -$3.5 TRILLION.

Here's what just happened.

(a thread) https://t.co/snIbLMV24D - The Kobeissi Letter
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⁠The Kobeissi Letter
BREAKING: President Trump says "China played it wrong, they panicked."

He says this is "the one thing they cannot afford to do" after 34% tariffs were imposed on US imports. https://t.co/aOyJBJGzdA
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⁠Finding Compounders
Sun Trust Bank’s 2000000% gain

In 1919 , a tiny beverage maker named Coca- Cola wanted to go public and they approached the Trust Company of Georgia to execute their IPO

For their underwriting services , the bank received $110k of Coca- Cola stock.

The Trust Company of https://t.co/2URhy5N7LF
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⁠The Kobeissi Letter
BREAKING: Oil prices are currently on track for their largest 2-day loss since April 2020 as markets price-in a recession. https://t.co/MXkBLZsKes
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