Trump’s Liberation Day: Bernstein Posits That A 10 Percent Baseline US Tariff On Raw Semiconductors Is “Not Going To Do All That Much,” But PCs, Servers, And Smartphones Are About To Get Pricier By ~4
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 […]