“This is a major relief for Apple,” noted Evercore ISI analyst Amit Daryanani after it was announced Trump’s tariffing of Chinese exports into America at 145% would not apply to smartphones, computers, and semiconductors.

Now to preface this… I bought into the notion that tariffs are a great thing for America. I believed they would boost consumer-confidence, protect domestic industries, and level the playing field by countering unfair trade policies enacted by China. I thought Apple would be massive winners from all this, despite manufacturing a few bits and bobs over in China.

By bringing manufacturing home to America, corporations like Apple would begin making products great again. Boosting jobs and incomes could only lead to even more people buying into the big Apple ecosystem dream. I was so excited by the highly-publicised rollout of global tariffs by Trump, they were all I could think about.

So when I learned Apple was essentially being opted out of this massive opportunity on Saturday, I started preparing a plan to SELL, SELL, SELL everything I could in AAPL. The moment that opening bell was rung, I would be barking sell orders at my stockbroker until there was literally nothing left to sell, or the line dropped dead. I would be unforgiving, relentless, and I would be playing my part in destroying a corporation that did nothing to preserve its place in Trump’s towering Clube di Tariffe.

But then, tonight, I stumbled across this Bloomberg report by Apple-insider Mark Gurman.

“The tariffs would have driven material cost inflation," Daryanani was quoted in the Bloomberg piece. “He expects the shares to rally Monday following an 11% rout this month.”

When an Evercore ISI analyst puts out a statement like this, I listen. Amit’s words have crushed my positively bullishly bearish sentiment entirely.

I’m sad to confirm my plans for opening bell on Monday have been put on ice, indefinitely. And although Apple CEO Tim Cook will never admit it, I know right now he’s breathing a huge sigh of relief.

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