Because I was going to ask you if you were warming to you've been critical on tariffs before, but if you were warming to the idea given how much money they're bringing in. I know you're worried about the deficit as well and the fact that we haven't seen sort of this spike in inflation. >> Well, so so we are bringing in money.Remember it's it's effectively a national in some sense it's a national sales tax and the incidence of tax is therefore disproportionately high on lowerass and middle class America. >> ...

Off topic but why is the delivery of my new iPhones expected for October 3rd?? I preordered them and thought I get them today, I'm getting rugged by Apple wtf ...

Product & Strategy - Apple bets on fresh designs to lure shoppers as the latest iPhones go on sale [1]

Product Launch - Apple is launching new iPhone designs to attract consumers [1] Sales Strategy - The latest iPhones are going on sale Friday [1]

Market Perception - Investors are overlooking the lack of dazzling new features in Apple's latest iPhones [1] - Higher price tags on the devices are seen as a buy signal for the company's shares [1]

Product Focus - Apple's new iPhones emphasize core engineering rather than AI features [1]

Market Trends - Apple might be trailing in AI, but the company is still betting that users will pay up for its newest iPhones [1] - The slow march of time aids Apple's iPhone sales [1]

AI & Market Position - Apple might be trailing in AI [1] - The company is betting that users will pay up for its newest iPhones [1] User Behavior - Users will pay up for its newest iPhones, aided by the slow march of time [1]

Production & Sourcing - Apple's CEO stated that all glass used for iPhones and Apple Watches will soon be manufactured in Kentucky by Corning [1] - Apple presented a glass plaque with a gold base to President Trump, claiming it was entirely made in the U S [1]

Core Insights - The U.S. has imposed an additional 25% tariff on Indian goods, leading to a potential total tariff of 50%, significantly impacting India's exports to the U.S. [1][2] - India's exports to the U.S. accounted for nearly 20% of its total goods exports, which reached approximately $434 billion in the fiscal year ending March 2025 [2][3] - The tariffs are expected to reduce India's GDP growth from a forecasted 7% to around 6% for the current and next year [3] Engineering Goods - Engineering goods are India's largest exports to the U.S., totaling nearly $117 billion, with about $19.16 billion (16%) sold to the U.S. [4] - The sector is already facing a 50% tariff on steel exports, which could worsen the outlook for other engineering segments [5] Gems and Jewelry - The gems and jewelry sector contributes 7% to India's GDP and employs around 5 million workers, with 33% of its exports directed to the U.S. [6] - Higher tariffs are seen as an additional burden on the sector, prompting calls for government support [7] Textiles and Apparels - The textiles sector employs about 45 million workers and also faces significant challenges due to the new tariffs, with 34% of its exports going to the U.S. [8][9] - The sector's competitiveness is at risk as it will no longer enjoy a significant duty differential advantage compared to other countries [9] Electronics - The electronics sector is highly exposed to U.S. tariffs, with 38% of its exports going to the U.S. [10] - India has recently become the top exporter of smartphones to the U.S., with exports of electronic goods more than doubling to $2.76 billion in March 2025 [11] Pharmaceuticals - The pharmaceutical sector, which is currently exempt from tariffs, faces potential duties that could reach as high as 250% in the future [12][13] - Exports to the U.S. reached over $10.5 billion, accounting for nearly 35% of India's total pharmaceutical shipments [13] Overall Competitiveness - India's export competitiveness is likely to be eroded over time as the U.S. can source supplies from alternative locations more easily than India can diversify its exports [15][16] - Approximately 32% of India's exports to the U.S. are currently exempt from tariffs, including electronics and pharmaceuticals [17]