The Apple Fifth Avenue store in New York, USA, on Monday, February 24, 2025.
Michael Nagle | Bloomberg | 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 “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. However, Trump and his assistants on Sunday suggested that these exemptions would be partial or completely reversed in the coming weeks, which adds to confusion about abrupt policy changes.
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. Asia-Pacific markets increased on Monday. Hong Kong’s Hang Seng index Around 2%appeared, which carries profits in the region. Japanese Nikkei 225 Added more than 1.6%.
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.
China exports shoot
China exports increased 12.4% in March for a year, in terms of US dollars, according to the data published by their customs authority on Monday. That significant exceeds estimates of reuters surveys of a growth of 4.4% and is the largest increase in October last year. Imports fell 4.3% in March of the previous year, more than the expectations of economists of a 2% decrease.
Singapore reduces growth forecast
The monetary authority of Singapore relieved its monetary policy for the second time. The Central Bank also announced an expansion year after year of 3.8% in Singapore’s economy for the first quarter, losing the estimate of the Reuters survey or a growth of 4.3%. The country’s Ministry of Commerce and Industry reduced its prognosis of Gross Domestic Product to 0%-2%by 2025, below its previous perspective or 1%-3%.
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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.
