Now look at the gold chart.

A true reset is occurring.

Back to real assets.

— ADAM (@AdameMedia) April 11, 2025

One day later and the tariffs are removed

Jim Cramer is unstoppable pic.twitter.com/3rfICCd6sT

— Inverse Cramer (@CramerTracker) April 12, 2025

BREAKING: Treasury Secretary Bessent was instrumental in getting President Trump to back down on Chinese phone and computer tariffs after multiple calls with Apple CEO Tim Cook and other CEOs. Navarro and Lutnick sidelined and Navarro likely to be fired as scapegoat - SOURCES

— Mike Alfred (@mikealfred) April 12, 2025

Jeff Bezos walking into the White House after hearing Tim Cook got a tariff exemption first. pic.twitter.com/SXd6PMPaZv

— Geiger Capital (@Geiger_Capital) April 12, 2025

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

Oldbear83 said:

---

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

---

The "build your own" shops and online computer businesses come to mind.

EatMoreSalmon said:

---

Oldbear83 said:

---

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

---

The "build your own" shops and online computer businesses come to mind.

---

Specifics?

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

---

The "build your own" shops and online computer businesses come to mind.

---

Specifics?

---

here is an online business..
https://www.corsair.com/us/en/pc-builder/?srsltid=AfmBOorrP-HFkBTFtgdM-v1rXLDa7BMqHc23bD_h_Qg_swbFZ4jpREHa

EatMoreSalmon said:

---

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

---

The "build your own" shops and online computer businesses come to mind.

---

Specifics?

---

here is an online business..
https://www.corsair.com/us/en/pc-builder/?srsltid=AfmBOorrP-HFkBTFtgdM-v1rXLDa7BMqHc23bD_h_Qg_swbFZ4jpREHa

---

OK, by definition that's not a "manufacturer" but a parts middleman.

Still looking for businesses that manufacture a laptop in the US as requested.

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

---

The "build your own" shops and online computer businesses come to mind.

---

Specifics?

---

here is an online business..
https://www.corsair.com/us/en/pc-builder/?srsltid=AfmBOorrP-HFkBTFtgdM-v1rXLDa7BMqHc23bD_h_Qg_swbFZ4jpREHa

---

OK, by definition that's not a "manufacturer" but a parts middleman.

Still looking for businesses that manufacture a laptop in the US as requested.

---

The computer is put together for you.
Boognish just posted a big boy list.

EatMoreSalmon said:

---

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

---

The "build your own" shops and online computer businesses come to mind.

---

Specifics?

---

here is an online business..
https://www.corsair.com/us/en/pc-builder/?srsltid=AfmBOorrP-HFkBTFtgdM-v1rXLDa7BMqHc23bD_h_Qg_swbFZ4jpREHa

---

OK, by definition that's not a "manufacturer" but a parts middleman.

Still looking for businesses that manufacture a laptop in the US as requested.

---

The computer is put together for you.
Boognish just posted a big boy list.

---

Not what I saw in the site link.

But I can understand you want to complain.

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

EatMoreSalmon said:

---

Oldbear83 said:

---

boognish_bear said:

---

So let’s just get this crystal clear.

If somebody is trying to manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%.

But if somebody simply makes the laptop entirely in China, they are fully tariff free?

And this is all to bring…

— Spencer Hakimian (@SpencerHakimian) April 12, 2025

---

Well, give me two examples of someone actually manufacturing a laptop in the US.

I'll wait.

---

The "build your own" shops and online computer businesses come to mind.

---

Specifics?

---

here is an online business..
https://www.corsair.com/us/en/pc-builder/?srsltid=AfmBOorrP-HFkBTFtgdM-v1rXLDa7BMqHc23bD_h_Qg_swbFZ4jpREHa

---

OK, by definition that's not a "manufacturer" but a parts middleman.

Still looking for businesses that manufacture a laptop in the US as requested.

---

The computer is put together for you.
Boognish just posted a big boy list.

---

Not what I saw in the site link.

But I can understand you want to complain.

---

Depends on what you call manufacture. I don't believe a single laptop can be called MADE IN THE USA.

A handful could be called assembled in the USA from global components.

Interesting how some folks comprehend what Trump is trying to do and why.

Playing craps last night at a casino in Blackhawk , Colorado.

Gal on my left a semi retired doctor; guy on my right an international banking consultant. The gal mentions how she is building a house on 10 acres in Conifer, but unable to sell her house in San Antonio due to the high interest rates.

International banking consultant then gives the table an impromptu explanation on how other countries have been screwing over the US for years with import taxes and tariffs. That it is vitally important for Trump to balance out the playing field with our European ' allies ' and China.

Semi retired doctor totally agreed with him. Says her house in San Antonio is paid off so she can wait it out.

All the while the dice continue to kick our ass.

KaiBear said:

---

Interesting how some folks comprehend what Trump is trying to do and why.

Playing craps last night at a casino in Blackhawk , Colorado.

Gal on my left a semi retired doctor; guy on my right an international banking consultant. The gal mentions how she is building a house on 10 acres in Conifer, but unable to sell her house in San Antonio due to the high interest rates.

International banking consultant then gives the table an impromptu explanation on how other countries have been screwing over the US for years with import taxes and tariffs. That it is vitally important for Trump to balance out the playing field with our European ' allies ' and China.

Semi retired doctor totally agreed with him. Says her house in San Antonio is paid off so she can wait it out.

All the while the dice continue to kick our ass.

---

Cool that a semi retired Dr with two homes and a banking consultant are totally ok with what's going on.

For Trump's sakes he sure better hope this works and quickly because mid terms are coming fast.

nein51 said:

---

KaiBear said:

---

Interesting how some folks comprehend what Trump is trying to do and why.

Playing craps last night at a casino in Blackhawk , Colorado.

Gal on my left a semi retired doctor; guy on my right an international banking consultant. The gal mentions how she is building a house on 10 acres in Conifer, but unable to sell her house in San Antonio due to the high interest rates.

International banking consultant then gives the table an impromptu explanation on how other countries have been screwing over the US for years with import taxes and tariffs. That it is vitally important for Trump to balance out the playing field with our European ' allies ' and China.

Semi retired doctor totally agreed with him. Says her house in San Antonio is paid off so she can wait it out.

All the while the dice continue to kick our ass.

---

Cool that a semi retired Dr with two homes and a banking consultant are totally ok with what's going on.

For Trump's sakes he sure better hope this works and quickly because mid terms are coming fast.

---

Yep

Have no doubt various other countries factor in the upcoming US midterms in their negotiation positions with Trump.

And most Americans are in debt up to their ass and don't have the wherewithal to be patient.

Going to be interesting.

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

nein51 said:

---

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

---

No argument.

Which is why the Founding Fathers established a republic instead of a democracy.

They didn't trust the intellect of the masses.

nein51 said:

---

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

---

That is the group Trump cares about, the wealthy to well to do that can wait it out. Like I said, the BU political message board is not a good cross-section of the US population.

Redbrickbear said:

---

1987 Raegan slapped a 100% tariff on Japanese electronics. pic.twitter.com/CsyXOSKDy1

— Insurrection Barbie (@DefiyantlyFree) April 9, 2025

---

He also threatened to stop import of Japanese vehicles unless Japanese companies agreed to move manufacturing plants to the USA.


As I've said many times here, the goal of this admin is to force international companies to move a greater percentage of their supply chains for US operations INSIDE the USA. It will work. I mean, it cannot fail. Those companies are not going to withdraw from the US market. They are not going to run down the neverTrumper trail publicly whining and moaning about orange man bad, while their market share plummets. They are going to calculate how to make investments which minimize the risk of US tariffs & trade restrictions pose to their business operations. They're going to do this because Trump will be POTUS for the next 4 years and they cannot afford to wait him out. (more advantage to the "everything all at once" strategy of this admin.

FLBear5630 said:

---

nein51 said:

---

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

---

That is the group Trump cares about, the wealthy to well to do that can wait it out. Like I said, the BU political message board is not a good cross-section of the US population.

---

Personally I can wait it out just fine. Professionally, I'm concerned about the ability of my customers to wait it out. Most of our customers are week to week and this week alone I had two higher end customers tell me they needed to wait on purchases because their cash flow was off a lot from their expectations.

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

---

That is the group Trump cares about, the wealthy to well to do that can wait it out. Like I said, the BU political message board is not a good cross-section of the US population.

---

Personally I can wait it out just fine. Professionally, I'm concerned about the ability of my customers to wait it out. Most of our customers are week to week and this week alone I had two higher end customers tell me they needed to wait on purchases because their cash flow was off a lot from their expectations.

---

When you cut government spending by the amounts Trump has already identified, you are going to get an economic contraction. That spending, no matter how harmful and wasteful it might be, is part of GDP.

"no free lunch" type stuff. The fix is not going to be painless.

whiterock said:

---

Redbrickbear said:

---

1987 Raegan slapped a 100% tariff on Japanese electronics. pic.twitter.com/CsyXOSKDy1

— Insurrection Barbie (@DefiyantlyFree) April 9, 2025

---

He also threatened to stop import of Japanese vehicles unless Japanese companies agreed to move manufacturing plants to the USA.


As I've said many times here, the goal of this admin is to force international companies to move a greater percentage of their supply chains for US operations INSIDE the USA. It will work. I mean, it cannot fail. Those companies are not going to withdraw from the US market. They are not going to run down the neverTrumper trail publicly whining and moaning about orange man bad, while their market share plummets. They are going to calculate how to make investments which minimize the risk of US tariffs & trade restrictions pose to their business operations. They're going to do this because Trump will be POTUS for the next 4 years and they cannot afford to wait him out. (more advantage to the "everything all at once" strategy of this admin.

---

Navarro said foreign companies building cars in the U.S. is bad for us.

U.S. auto companies use as many or more foreign parts as the foreign companies.

whiterock said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

---

That is the group Trump cares about, the wealthy to well to do that can wait it out. Like I said, the BU political message board is not a good cross-section of the US population.

---

Personally I can wait it out just fine. Professionally, I'm concerned about the ability of my customers to wait it out. Most of our customers are week to week and this week alone I had two higher end customers tell me they needed to wait on purchases because their cash flow was off a lot from their expectations.

---

When you cut government spending by the amounts Trump has already identified, you are going to get an economic contraction. That spending, no matter how harmful and wasteful it might be, is part of GDP.

"no free lunch" type stuff. The fix is not going to be painless.

---

I can absorb a 10% contraction pretty easily. I can't absorb a 30% contraction.

This is all getting confusing

BREAKING: Commerce Secretary Lutnick on the "tariff exemptions" announced this weekend:

"They are exempt from reciprocal tariffs, but they are INCLUDED in the semiconductor tariffs which are coming in a month or two."

So basically, they are not tariff exempt just recategorized?

— The Kobeissi Letter (@KobeissiLetter) April 13, 2025

JUST IN: 130 countries now negotiating new trade deals with the US, White House says.

— Watcher.Guru (@WatcherGuru) April 13, 2025

JUST IN: 🇨🇳🇺🇸 China calls on the United States to "completely cancel" tariffs. pic.twitter.com/a5KtZH2Lj7

— Watcher.Guru (@WatcherGuru) April 13, 2025

sombear said:

---

whiterock said:

---

Redbrickbear said:

---

1987 Raegan slapped a 100% tariff on Japanese electronics. pic.twitter.com/CsyXOSKDy1

— Insurrection Barbie (@DefiyantlyFree) April 9, 2025

---

He also threatened to stop import of Japanese vehicles unless Japanese companies agreed to move manufacturing plants to the USA.


As I've said many times here, the goal of this admin is to force international companies to move a greater percentage of their supply chains for US operations INSIDE the USA. It will work. I mean, it cannot fail. Those companies are not going to withdraw from the US market. They are not going to run down the neverTrumper trail publicly whining and moaning about orange man bad, while their market share plummets. They are going to calculate how to make investments which minimize the risk of US tariffs & trade restrictions pose to their business operations. They're going to do this because Trump will be POTUS for the next 4 years and they cannot afford to wait him out. (more advantage to the "everything all at once" strategy of this admin.

---

Navarro said foreign companies building cars in the U.S. is bad for us.
I would counter none of these things are good are bad, so long as they are part of an effective strategy. Forcing Japan to move factories here back in the 1980's was certainly preferrable to allowing Japanese-made cars to be imported here, given the impact latter was having on domestic jobs & production capacity. But it would also be preferrable for US owned companies to have a greater share of our auto markets. Finding balance is subjective.....

U.S. auto companies use as many or more foreign parts as the foreign companies.
Indeed. And it would be preferrable to see those percentages move toward more rather than less foreign content.

---

Foreign companies building manufacturing operations in one's country is not intrinsically bad. A little bit is good. Too much can be a problem. That is particularly true for developing economies, which can get themselves into capital account deficits if they're not careful how they structure deals. And that dynamic is not something we can disregard = we depend upon capital account surpluses to offset our structural trade deficits. Too much foreign investment = greater percentages of profit remittance, which is a drain on the capital account. If the numbers get as out of whack as our trade balance, yes.....we could see effects on value of USD, which would be a calamity given where we are. So the push to get more foreign investments to offset budget cuts is a very short-term imperative. Longer term, we need to focus on expanding domestic-owned manufacturing capacity.

So....in a perfect world.....the new manufacturing base will be 100% domestically owned. But we are not in a perfect world. And will have to seek 'balance."

nein51 said:

---

whiterock said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

---

That is the group Trump cares about, the wealthy to well to do that can wait it out. Like I said, the BU political message board is not a good cross-section of the US population.

---

Personally I can wait it out just fine. Professionally, I'm concerned about the ability of my customers to wait it out. Most of our customers are week to week and this week alone I had two higher end customers tell me they needed to wait on purchases because their cash flow was off a lot from their expectations.

---

When you cut government spending by the amounts Trump has already identified, you are going to get an economic contraction. That spending, no matter how harmful and wasteful it might be, is part of GDP.

"no free lunch" type stuff. The fix is not going to be painless.

---

I can absorb a 10% contraction pretty easily. I can't absorb a 30% contraction.

---

Should be closer to if not less than the smaller number. Watch the pace of the announced investments. Sooner/more will be helpful.

Would be a miracle to pull off this transition without a recession. I certainly would not bet that we can avoid one. The question is more likely going to be duration and depth of one.

BREAKING: Commerce Secretary Lutnick says electrotonic products will have "special tariffs" coming soon.

He also says pharmaceutical tariffs are coming in the next month or two.

“This is not a permanent sort of exemption," he says on the exemptions announced this weekend.

— The Kobeissi Letter (@KobeissiLetter) April 13, 2025

whiterock said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

Patience is a luxury most Americans don't have. If you're poor you don't care about trade deficits. That's obviously a short sighted view but when you have needs today it's really hard to care about 2 years from now.

---

That is the group Trump cares about, the wealthy to well to do that can wait it out. Like I said, the BU political message board is not a good cross-section of the US population.

---

Personally I can wait it out just fine. Professionally, I'm concerned about the ability of my customers to wait it out. Most of our customers are week to week and this week alone I had two higher end customers tell me they needed to wait on purchases because their cash flow was off a lot from their expectations.

---

When you cut government spending by the amounts Trump has already identified, you are going to get an economic contraction. That spending, no matter how harmful and wasteful it might be, is part of GDP.

"no free lunch" type stuff. The fix is not going to be painless.

---

I can absorb a 10% contraction pretty easily. I can't absorb a 30% contraction.

---

Should be closer to if not less than the smaller number. Watch the pace of the announced investments. Sooner/more will be helpful.

Would be a miracle to pull off this transition without a recession. I certainly would not bet that we can avoid one. The question is more likely going to be duration and depth of one.

---

We have 3,400 franchisees. The question is how many can absorb even the 10% number. Right now cash flow isn't turning into deposits into the bank because expenses keep creeping up.

We have now gone from:

“No exemptions” on tariffs, to refunds on tariffs going back to April 5th, to exemptions not being “permanent.”

The result?

Markets are incredibly confused ahead of the futures open.

— The Kobeissi Letter (@KobeissiLetter) April 13, 2025

A pause is not a sign of weakness. It is a tactic to create leverage in a negotiation.

A pause increases our negotiating power by reducing the negative consequences to our economy while deals are being negotiated.

By bolstering our country’s economic position, we increase our…

— Bill Ackman (@BillAckman) April 13, 2025