
Trump Reverses Course — Smartphones and Semiconductors Exempt from Tariffs (Apr 13, 2025)
created At: 4/13/2025

Neutral
This analysis was written from a neutral perspective. We advise you to always make careful and well-informed investment decisions.
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Fact
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.
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