#USElectronicsTariffs
On April 14, 2025, the Trump administration announced a temporary exemption of smartphones, laptops, and other electronics from the 145% tariffs imposed on Chinese imports. This decision provided short-term relief to the technology sector, leading to a surge in tech stocks; Apple shares rose by 5.3%, and the Nasdaq increased by 1.3%. However, President Trump and Commerce Secretary Howard Lutnick indicated that these exemptions are temporary, with plans to introduce new tariffs on these products under a national security investigation into semiconductors. The administration aims to reduce U.S. reliance on foreign electronics and bolster domestic manufacturing. China has criticized these measures as protectionist, escalating trade tensions between the two nations.