An Apple store in Manhattan Village, on April 8, 2025 in Manhattan Beach, California, USA.
Jay l Goldenin | Getty Images News | Getty images
On Friday night, the Trump administration welcomed the weekend in the best way: to announce that electronics, such as smartphones, computers and semiconductors, will be temporarily exempt from the ‘reciprocal’ tartries. Including the baseline.
That means that such products imported from China will not apparently submit to 125% The president of the United States, Donald Trump, slapped Beijing (a 20%tariff will remain). Apple The CEO Tim Cook must have a great relief: the Cupertino -based company manufactures about 80% of iPads and more than half of the Mac computers in China, according to an Evercore ISI estimate.
The news is also a relief for consumers, who desperately need a humor elevation, based on the findings of the latest survey of the University of Michigan. After all, they are not just corporations and importers affected by tariffs. The portable computer prices have already triggered, according to the discontent comments about Reddit. Nintendo Switch 2 was postponed.
Perhaps even Trump takes into account the famous Adagio of Wall Street: he is not the consumer of the United States.
What you need to know today
Exempt tile technology
The president of the United States, Donald Trump, exempt smartphones, computers and other technological devices and components of their reciprocal tariffs, according to the orientation issued by customs and border protection of the United States on Friday night. The White House said on Saturday that exemptions were made because Trump wants to make sure that companies have time to transfer production to the United States.
US markets rise in a volatile week
US actions rose on Friday to end the week with a positive note despite the heavy turbulence of the market falls through the Trump administration rates. For the week, the S&P 500 Increased 5.7%, the Dow Jones industrial won almost 5% and Nasdaq compound 7.3%jumped. Regional Europe Stoxx 600 The index lost 0.1%, after its best session since March 2022. The UKS Ftse 100 Closed 0.64% higher after the data showed that the British economy grew 0.5% in February in a more basic, significant monthly significant than expected.
Consumers in the United States are really dejected
The feeling of the consumer in April was more sank, chrowing the Survey of the University of Michigan. He published a reading of the middle of the month of 50.8-The lowest since June 2022 and the second lowest in the history of the survey that dates back to 1952-Below, the consensus estimate of Dow Jones for 54.6. At the same time, the expectation of the inflation of respondents within a year came to 6.7%, the highest level since November 1981 and 5% in March.
‘Very close’ of a recession
The Blackrock CEO, Larry Fink, told CNBC on Friday that “we are very close, if not, a recession now.” However, Fink said he did not believe that the United States was in a financial crisis and hopes that “megaters” such as artificial intelligence. The founder of Bridgewater, Ray Dalio, lifted similar alarm bells on Sunday, saying that the country is “very close to a recession”, but is “worried about something worse than a recession” if the situation is not handled well.
Great bank gains
JPMorgan Chase and Morgan Stanley reported profits on Friday. Both banks exceeded expectations, helped by booming capital trade. JPMorgan Saw a 48% increase in capital negotiation income, while Morgan Stanley Over 45%. In JPMorgan’s earning call, CEO Jamie Dimon said analysts have “reduced their S&P estimation earnings by 5%” in recent days, and expects that “getting out a little more.”
[PRO] Higher European yield on the United States
Although the S&P 500 has fallen almost 11% to date, the Stoxx 600 paneurpeo index has dropped only 4.4%. Other European t -shirts are also considerably better than those of the United States in Germany DaxIn fact, it is in positive territory. Ganesh Rao de CNBC explains why it is so, and draws the risks ahead despite the superior performance of the United States so far.
And finally …
China urge Trump to correct errors and attend ‘rational voices’ in reciprocal tariffs
The China Ministry of Commerce described the exemptions of the US rate. A “small step” and urged the president of the United States, Donald Trump, to “completely abolish” reciprocal rates, which include a duty of 145% in China imports.
“We urge the United States to pay attention to the rational voices of the international community and the national parties, take a great step by correcting their errors, completely abolish the unfair action of the” reciprocal tariffs, “said the ministry in an online statement, according to a CNBC treated.
The recent exemptions of tariffs on imports of technological products are presented nationwide, since Trump is going back and more evidence that US companions.