Source: Coyote Blog
by Warren Meyer
“I challenge any human being to decipher any sort of rational (even an irrational but consistent) algorithm behind Trump’s tariffs. Every day it is another random number superseding the prior random number. It is economic policy by whim. Today Trump slapped a 100% tariff … on semiconductor imports. It is difficult to comprehend a worse policy for the American economy had the President been dedicated to crashing things here on purpose. … Apple seems headed for the first exemption, which they also received in Trump’s first term and his tariffs then. Why Apple? One could argue that Apple has some of the highest gross margins of any manufacturer in the US and is perhaps most able to bear the tariffs. But this has nothing to do with fairness, it has to do with cronyism and political pull.” (08/06/25)