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The ever -increasing American prices on imports from China will not bite technology so badly, after the Trump administration on Friday evening has exposed important exemptions from its wider trade war that include smartphones, laptops, fleas, etc.
THE exemptionsPublished by American customs and border protection are a huge break for technology giants such as Apple (Aapl+ 4.00%), Nvidia (Nvda+ 2.52%), and Microsoft (Msft+ 1.86%), and for the broader technological industry, even if the uncertainty persists on the management of the trade war of President Donald Trump. This means that some of the most crucial and highest -end technological imports – which are not massively made in the United States – will not be subject to 125% Trump on China, or its 10% reference rate on almost all other countries.
A Wall Street analyst quickly called it “the best possible news for technological investors”.
“The American technology industry has a loud voice and despite a strong decline against exemptions from the White House, the reality of the situation was finally recognized in the Beltway,” wrote Dan Ives, analyst of Wedbush’s Securities, in a note on Saturday. “There is still clear uncertainty and volatility with these negotiations in China. Large technological companies like Apple, Nvidia, Microsoft and the wider technology industry can push a huge sigh of relief this weekend until Monday. ”
The exemptions follow a scheme of Trump’s first mandate, when Apple in particular was a significant success in Trump lobbying for the sculptures of the trade war. Make products such as iPhone in America would be almost economically impossible. Wedbush had warned earlier this month Apple faced a “full disaster” China prices.
And the Trump administration’s decision came when his trade war has led to days of volatility on the financial markets, as well as Craper consumer confidence And Increasing recession fears.
Ives described the exemptions as “big step forward for us, the technology to obtain these exemptions and the most optimistic news that we could have heard this weekend. … Big Tech is back from the cliff with these exemptions and this modifies the whole situation for technological actions with this black swan event for the suppressed industry. ”