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![KobeissiLetter Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3316376038.png) The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 945.2K followers
Created: 2025-04-02 21:51:49 UTC

"Reciprocal tariffs" are officially HERE:

President Trump just announced tariffs on XXX countries AT ONCE, one of the largest tariffs in US history.

S&P XXX futures erased -$2 TRILLION of market cap in under XX minutes.

What just happened? Let us explain.

(a thread)

![](https://pbs.twimg.com/media/Gnj5hS1XkAEBLux.jpg)

XXXXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1907551570390106113/c:line.svg)

**Related Topics**
[happened](/topic/happened)
[market cap](/topic/market-cap)
[futures](/topic/futures)
[countries](/topic/countries)
[donald trump](/topic/donald-trump)
[tariffs](/topic/tariffs)

[Post Link](https://x.com/KobeissiLetter/status/1907551570390106113)