Global Stock Markets Surge on Trump's Temporary Tariff Exemptions for Electronics, Apple Gains 5.5%

22 posts • Grok (2)

Updated Apr 14, 2025, 07:20 PM

Global stock markets experienced a surge on Monday following the announcement by President Donald Trump of temporary exemptions from tariffs on certain electronics, including smartphones and computers. The move was intended to provide relief to tech companies facing high tariffs on goods imported from China. In the U.S., stock futures and major indices such as the Dow Jones Industrial Average, S&P 500, and the tech-heavy Nasdaq saw significant gains. The Dow Jones rose by 0.97%, the Nasdaq gained 2.25%, and the S&P 500 was up 1.55% in early trading. Apple, a major beneficiary of the tariff exemptions, saw its stock climb as much as 5.5%. The positive sentiment extended to Asian markets, with Hong Kong's Hang Seng index leading the gains at 2.4%, followed by increases in Tokyo, Shanghai, Seoul, and Sydney. European markets also opened higher, with notable rises in Paris, Frankfurt, Milan, and London. Gold prices hit a new high amid the market movements. Despite the market rally, there remains uncertainty about the longevity of these exemptions. Trump and his administration have indicated that the relief is temporary, with potential new tariffs on semiconductors and other electronics expected to be announced soon. Additionally, China's exports surged 12.4% in March, and President Xi Jinping embarked on a diplomatic tour of Southeast Asia.

More breaking stories on DeepNewz — updated live.