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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#467886" vlink="#96607D" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>Hey, but a car and phone addicted culture can go outside and get some exercise?<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'> Friam <friam-bounces@redfish.com> <b>On Behalf Of </b>Jochen Fromm<br><b>Sent:</b> Monday, April 7, 2025 12:14 PM<br><b>To:</b> The Friday Morning Applied Complexity Coffee Group <friam@redfish.com><br><b>Subject:</b> [FRIAM] Tariff blowback<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>The new tariffs of the Trump administration could blow up Apple. It is a little bit ironic that the administration in an attempt to "make america great again" destroys its most valuable company, isn't it? As everyone knows the supply chains of Apple end in China. <o:p></o:p></p><div><div><p class=MsoNormal><a href="https://www.reuters.com/technology/will-trump-tariffs-make-apple-iphones-more-expensive-2025-04-03/">https://www.reuters.com/technology/will-trump-tariffs-make-apple-iphones-more-expensive-2025-04-03/</a><o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>I knew that the 2nd term would be catastrophic but I wasn't sure which sort of catastrophe would happen. Apparently it starts with a worldwide economic crisis - which in turn will lead to massive unemployment and inflation.<o:p></o:p></p><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>-J.<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div></div></div></div></body></html>