🚨BREAKING: Trump implements 90-day pause on reciprocal tariffs.

While markets are ripping, it comes with a dramatic escalation against China, which now faces 125% tariffs.

What could this mean? We looked at the 2018 U.S-China trade war to understand what might happen next 🧵 Trump’s decision to raise tariffs on China to 125% marks a sharp escalation in the ongoing trade war.

Beijing has already retaliated to the previous iteration of tariffs with their own measures, including an 84% tariff on U.S. goods and restrictions on key exports like rare earths.

By targeting China so aggressively while pausing tariffs for others, Trump is signaling a clear intent to isolate Beijing economically. How will they respond?

BREAKING: Apple is shifting more iPhone production to India to avoid U.S. tariffs on Chinese goods. By the end of 2025, one in four iPhones could be made in India.

What does this mean for India, China, and global manufacturing? 🧵 Today, China dominates global manufacturing with 28.8% share of output, more than 10x India's share. Its infrastructure, logistics networks, and skilled workforce are unparalleled.

However, labor costs in China have surged—factory workers earn $600+ per month, vs. $150-$300 in India...

For Apple, this shift is monumental. China has been the backbone of its production for decades, but rising tariffs and geopolitical risks make diversification essential.

Will Apple's gamble on India pay off?

🚨 S&P 500 futures fall more than 3%.

If it holds, this is the worst three day period in the stock market since 1987.

History never repeats itself, but it does rhyme. Here's the story of what happened on Black Monday, 1987: On October 19, 1987, the Dow Jones Industrial Average suffered a historic collapse, falling 22.6% in a single trading session.

This event, later dubbed Black Monday, erased more than $500 billion in market value in the U.S. alone and sent shockwaves through global financial markets.

It wasn’t just a U.S. phenomenon—this was the first truly global market crash.

The Dow Jones is down nearly 5% today - one of the worst days in stock market history.

History doesn't repeat itself, but if you listen closely, it rhymes.

Here's a list of the worst days in stock market history, detailing the events that caused these dramatic declines: Wall Street Crash of 1929

Black Thursday (October 24, 1929): A record 12.9 million shares were traded, starting the slide.

Black Monday (October 28, 1929): Dow fell 12.8%.

Black Tuesday (October 29, 1929): Dow dropped another 11.7%.

Cause: Excessive speculation during the "Roaring Twenties," margin buying, and economic weaknesses like overproduction and low wages. This crash marked the beginning of the Great Depression.

Just finished listening to a 4h 30min @AcquiredFM podcast on the complete history of IPL cricket.

Here's the full story of how one sports franchise became the fastest-growing league in the world, now on track to surpass the NFL 🧵

As always, ask your questions below: In 2007, Lalit Modi, an Indian media mogul, pitched a new cricket league that would forever change the sport.

Inspired by the NFL and EPL, his vision was huge - short, city-based matches with cheerleaders, Bollywood stars and primetime TV slots.

But how did it unfold?

I spent all of yesterday reading 80,000 pages of the newly released JFK files.

Here are 10 new things I learned that I did not know previously 🧵 1/ Lee Harvey Oswald's Surveillance: The CIA monitored Oswald's visits to Soviet and Cuban embassies in Mexico City weeks before the assassination, revealing unredacted details of his interactions with foreign officials.