Maths behind Liberation Day tariffs of President Donald Trump - A stansbury research paper
The Math Behind Trump's New Trade War By Corey McLaughlin Talk about bad timing... After the market closed on Wednesday and the world began to digest President Donald Trump's "Liberation Day" tariff announcements, furniture retailer RH (formerly called Restoration Hardware) was holding its scheduled quarterly earnings call. The company's CEO, Gary Friedman, was in the middle of trying to explain away why shares of the stock were already down (amid a poor earnings report). That's when he evidently pulled up a chart of RH shares while on the call to check the latest price. His reaction was clearly unscripted... Really? Oh, sh**. OK. I just looked at the screen. I hadn't looked at it. RH shares were on their way to what became a 40% drop through Thursday's close... These formal Wall Street analyst conference calls rarely have real moments like this. But Friedman echoed what a lot of people were thinking. Which Stocks Fell Most After 'Liberation Day...
