US stock markets are poised for a recovery following Donald Trump’s decision to exempt imports of smartphones and laptops from tariffs, a move seen as a concession. This exemption, which also includes chips, is expected to significantly benefit companies like Apple and Nvidia, with their shares predicted to rise as tariffs on their products will be lifted for 90 days. The announcement, made late on Friday, is anticipated to provide a boost to the tech sector amid ongoing trade tensions.
Loading PerspectiveSplit analysis...
