President Trump's "Liberation Day" has come and gone, and markets around the globe are predictably reeling from what is essentially morphing into a full-blown reconstitution of the global trade order. In this chaos, raw semiconductors have surprisingly emerged as an island of calm solace. LIBERATION DAY RECIPROCAL TARIFFS ?? pic.twitter.com/ODckbUWKvO — The White House (@WhiteHouse) April 2, 2025 To wit, President Trump has now imposed a baseline tariff of 10 percent on all US imports, plus a veritable host of reciprocal tariffs on some of the biggest trading partners of the US. Interestingly, Trump's "Liberation Day" announcements carved out quite […]
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