The post Trump Exempts Tech Products from New Tariffs, Sparks Market Relief – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Trump’s tariff exemptions for tech products, valued at $390 billion. Easing supply concerns, benefiting tech and cryptocurrency sectors. Mixed reactions from political figures, concerns on corporate impacts. President Trump announced tariff exemptions for tech products, surprising many, as part of a broader strategy to encourage domestic manufacturing in the U.S. This adjustment is significant due to its effect on tech and cryptocurrency markets, marking a softening in trade policies. $390 Billion Tech Imports Exempt from Tariffs President Trump’s announcement of tariff exemptions targets tech products like smartphones, laptops, and chips. This move impacts approximately $390 billion in imports, aligning with his stance on domestic reshoring. Analysts highlight the impact on companies like Apple, which imported $77 billion in tech from China in 2024. Dan Ives, Managing Director, Wedbush Securities, remarked, “Massive relief for market and tech stocks into Sunday night.” Trump’s exemptions exclude critical goods, aiming to mitigate corporate impact. The U.S. customs announced no changes on baseline tariffs for other products. Market experts note potential stability in tech sectors, emphasizing benefits for production reliant companies. Mixed political reactions followed, with some critics focusing on perceived favoritism towards large corporations. White House aides restate commitments to the tech sector, aiming for long-term reshoring benefits. Ryan Cohen discusses investment strategies and market trends. Political Responses and Market Implications Did you know? In 2018, similar tariff exemptions temporarily stabilized tech supply chains before escalating to further tensions. These exemptions historically lead to short-term market relief but may trigger broader geopolitical responses. Bitcoin’s latest data shows a price of $84,307.33, reflecting a 24-hour change of 0.57%. Its market cap stands at $1.67 trillion, with trading volume down by 20.80%, according to CoinMarketCap. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:07 UTC on April 13, 2025. Source: CoinMarketCap The Coincu research team…

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Filed under: News - @ April 13, 2025 8:12 am