U.S. officially exempts ~20 products from reciprocal tariffs
Exempted items include: smartphones, laptops, hard drives, semiconductors, and related equipment
Apple (AAPL) +4.06%, Nvidia (NVDA) +3.12% post-announcement
Samsung and TSMC also expected to benefit indirectly
Opinion
The tariff relief appears to be a strategic retreat, aimed at easing pressure on U.S. consumers and safeguarding domestic tech competitiveness. While this boosts short-term sentiment for core tech stocks like Apple and Nvidia, it also highlights the reactive and selective nature of U.S. trade policy, which could shift again with little notice.
Core Sell Point
Although the exemptions have triggered a short-term rally in tech, underlying trade policy remains fluid. The possibility of tariff reimplementation leaves room for renewed volatility across global tech supply chains.
The Trump administration has announced a tariff exemption on roughly 20 key tech-related products, including smartphones, laptops, and semiconductors. On April 11, the U.S. Customs and Border Protection (CBP), under the Department of Homeland Security, officially declared that both the base 10% tariffs and additional surcharges would not apply to these items.
The decision appears to be driven by growing domestic pressure over rising consumer costs and the need to protect U.S. tech companies from collateral damage in the trade war.
Following the announcement, Apple (AAPL) gained +4.06%, and Nvidia (NVDA) rose +3.12%, reflecting a sharp rebound in investor sentiment. Apple, whose production relies heavily on China, had been seen as vulnerable to tariff risks. Nvidia, which sources chips from TSMC in Taiwan, also benefited as the exemption covers core components in its supply chain.
Samsung Electronics and TSMC are expected to benefit indirectly. For Samsung, export channels into the U.S. face reduced strain. TSMC gains by securing shipment stability for major clients like Nvidia now protected from tariff risks. However, tariff policy volatility remains high, and future reversals cannot be ruled out.
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