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I thought that Hynix’s ADR would bring an inflow of U.S. funds and create a premium.
I also thought that the semiconductor sector would see a collective pullback.
I also thought that after Google’s earnings report, it would fall.
I even thought that there would be no deal between the U.S. and Iran, that fighting would reignite, and that oil prices would rise again.
But, to my complete surprise, Trump is now set to add tariffs again. This time, the rationale he cited is Article 301 of the 1974 Trade Act—Trump claims that these countries have products that are produced by forced labor.
In addition, the EU has fined Google by about $1 billion. Trump says this is discriminatory conduct by the EU toward U.S. companies, and he has vowed to impose additional tariffs on the EU.
So what am I supposed to make of these $SKHY and $GOOGL ?