According to @KobeissiLetter, Financial Times just reported that the latest chip export-control rollbacks may be paired with incremental tariffs, unlike prior rollbacks that added no tariffs, creating a major surprise for investors. Source: Financial Times via @KobeissiLetter. The author notes chip stocks are unlikely to react well in the next session, implying near-term downside risk and wider spreads for semiconductor equities. Source: @KobeissiLetter. Traders should prepare for potential premarket volatility and reassess exposure to chip-sensitive names and indices given the tariff headline risk. Source: @KobeissiLetter. While the report does not address crypto directly, traders should monitor BTC and ETH for risk-off spillover if semiconductor weakness drives broader sentiment. Source: @KobeissiLetter.