US EditionConfusion reigns after Trump exempts electronics from new tariff regime. Here's what we know
- On April 14, 2025, President Donald Trump announced a temporary suspension of tariffs on smartphones and certain electronics, sparking positive reactions in stock markets across the U.S. And Canada.
- This tariff exemption followed high tensions in a global trade war where U.S. Levies on China reached 145 percent, and Beijing retaliated with a 125 percent barrier on U.S. Goods.
- Markets responded with significant gains as Apple and other tech stocks rose, the Dow Jones closed up 312.08 points, and Canadian indexes like the S&P/TSX also advanced, led by telecom and base metals sectors.
- Trump stated that tariff rates on semiconductors will be announced soon and remain in place soon, while Chinese leader Xi Jinping warned that a trade war would produce no winner and that protectionism “will lead nowhere.”
- The temporary tariff relief eased market volatility and investor fears of economic downturn but left uncertainty as U.S. Officials signaled more tariffs on semiconductors and autos remain possible, carrying implications for supply chains and trade negotiations.
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Tariff exemptions signal growing instability in Trump trade doctrine
The Trump administration’s recent decision on 12 April to exempt smartphones, computers and other electronics from its newly introduced reciprocal tariff policy marks the second U-turn within three days. Earlier, Trump had announced a 90-day exemption on tariff applications for all trading allies except China. This reversal on electronics is apparently driven by both domestic economic considerations and the increasingly complex global trade en…
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Total News Sources226
Leaning Left43Leaning Right18Center81Last UpdatedBias Distribution57% Center
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C 57%
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