Liberation Day notes (cont.)

Might as well call it the China Tariff, and more poorly conceived thoughts perfect for Libation Day

• imports most tariffed (with one very obvious substitute of choice)

• Bull in the China Shop

• ASEAN countries hit hardest, but Lesotho too. What does it mean?

• If China wants to be the One True Walmart to the entire world, should we just take our cheap stuff and be happy (or not)?

• a patent-paper trail of “whatever you’re having, we’ll have make that too”

• Buffett’s tariff proposal