5 reasons the CBP actions to delay reciprocal tariffs on selected China imports are a positive development.  Looking for S&P 500 5,500 near-term and we focus on "washed out" stocks

VIDEO: The actions taken on Friday evening to delay reciprocal tariffs on selected semi-conductor and smartphone products is unequivocally positive (7:44).

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The chart in this report is only accessible to members

We view the actions taken by CBP to delay the collection of China reciprocal tariffs as an unequivocal positive, because it points to a further de-escalation of tariff war impacts and these delay/de-escalations enable more time for better agreements to be formed and for US multinationals to take corrective action.

5 POSITIVES: Why CBP actions are positive

  • De-escalation of tariff impact.
  • Provides room for China to similarly de-escalate.
  • Provides time for US Technology and multi-nationals to take corrective actions ahead of tariff impacts.
  • Creates “positive option” value for tariffs to be less punitive and ultimately an upside case for US corporates.
  • Shows there are more “voices” in this negotiation.

This shift in tone builds on other market-positive signals from the past week, including Fed dovishness and deferred tariff enforcement.

On April 9, the White House delayed certain targeted tariffs by 90 days, reducing near-term pressure on trade-sensitive sectors. This was followed on April 11 by Fed Governor Susan Collins signaling that the Fed’s liquidity “put” ...
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