$390B In Tech Products Exempt
The move affects around $390 billion in imports, including smartphones, chips, and laptops. Companies like Apple, which imported $77 billion in tech goods from China in 2024, are expected to benefit. “Massive relief for market and tech stocks,” said Dan Ives of Wedbush Securities.
Source: U.S. Customs & Border Protection
Critical goods remain under tariff, and baseline rates stay unchanged. Analysts see potential stability for tech sectors reliant on imports.
Political Response
For the most part, political response to the news was mixed, with critics citing favoritism toward big tech.
The White House also reiterated its reshoring goals, while investor Ryan Cohen discussed market impacts and strategy shifts.
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