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Cake day: June 15th, 2023

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  • That’s 2 if’s. Sure, IF both of those things were true, maybe it would net out, but still be a paperwork and cashflow delay for the company (pay the duty today, get the money back at some point in the future) which sucks liquidity out of the market and generally holds back growth and investment.

    But that isn’t particularly relevant since neither of those two things will ever happen. The tax cuts will go to the top earners, and retaliatory tariffs are very much a thing and cannot be ignored.