Scott Downey
Well-Known Member
Trump just removed all reciprocal tariffs on China for technology, like chips, phone, and computers.
Meaning all the stocks which plummeted in the US and China related to those technologies will soar next week
The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries.
The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips. Those popular consumer electronics items generally aren’t made in the US.
Follow The Big Take daily podcast wherever you listen.
The pause will be welcome news to consumers, some of whom rushed to buy new iPhones and other devices amid fears that the tariffs would send prices soaring. It’s also a big win for major technology companies that have presented massive US spending pledges for Trump in recent months. Trump’s tariffs upended global markets, triggered a selloff in stocks and ignited a rapidly escalating trade war with China.
The move is the first significant softening of any kind in Trump’s conflict with China. It was backdated to April 5.
“Honestly, I’m very comfortable now” with the China tariffs, Trump told reporters earlier Friday on Air Force One, while touting his relationship with Chinese President Xi Jinping. “And I think something positive is going to come out of that.”
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Trumps goal is not industrial destruction, the goal is to negotiate better trade deals with China.
I hope the Chinese open up their country to better trade with the US.
Cooler heads need to think positively now.
Trump removed the tariffs, cause many of these companies are going to spend hundreds of billions of dollars building fabs and factories in the US. Taiwan semiconductor already has, and Nvidia is making their Blackwell AI chips in the US in Arizona. Those companies therefore got rewarded, and it's a fair deal. If you play fair with Trump, then you can expect fair back.
And Trump listened to Bessent, Musk, and Ackman about how the tariffs were killing US business and markets.
Meaning all the stocks which plummeted in the US and China related to those technologies will soar next week
The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries.
The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips. Those popular consumer electronics items generally aren’t made in the US.
Follow The Big Take daily podcast wherever you listen.
The pause will be welcome news to consumers, some of whom rushed to buy new iPhones and other devices amid fears that the tariffs would send prices soaring. It’s also a big win for major technology companies that have presented massive US spending pledges for Trump in recent months. Trump’s tariffs upended global markets, triggered a selloff in stocks and ignited a rapidly escalating trade war with China.
The move is the first significant softening of any kind in Trump’s conflict with China. It was backdated to April 5.
“Honestly, I’m very comfortable now” with the China tariffs, Trump told reporters earlier Friday on Air Force One, while touting his relationship with Chinese President Xi Jinping. “And I think something positive is going to come out of that.”
******************
Trumps goal is not industrial destruction, the goal is to negotiate better trade deals with China.
I hope the Chinese open up their country to better trade with the US.
Cooler heads need to think positively now.
Trump removed the tariffs, cause many of these companies are going to spend hundreds of billions of dollars building fabs and factories in the US. Taiwan semiconductor already has, and Nvidia is making their Blackwell AI chips in the US in Arizona. Those companies therefore got rewarded, and it's a fair deal. If you play fair with Trump, then you can expect fair back.
And Trump listened to Bessent, Musk, and Ackman about how the tariffs were killing US business and markets.
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