Exempting technical tariffs explains the importance of consumers

Late Friday, the Trump administration welcomed the weekend in the best way: by announcing that electronics-such as smartphones, computers, and semi-conductors-will be temporarily exempted from the so-called “mutual” tariff, including the 10 % base rate on all countries.

This means that these products imported from China will not apparently subject to 125 % American President Donald Trump slapped Beijing (will remain a 20 % tariff). apple The CEO, Tim Cook, should breathe a sigh of relief: the manufacture of the Cuperno -based company About 80 % of iPad and more than half of Mac computers in ChinaAccording to the estimate of Evekor ISI.

The news is also a satisfaction for consumers, who strongly need a mood, based on results The latest survey of the University of Michigan. After all, not only companies and importers affected by definitions. The prices of the laptop have already increased, according to the satirical comments on Reddit. the Nintendo Switch 2 Preormer has been postponed.

Perhaps even Trump is in mind the famous saying in Wall Street: Do not bet against the American consumer.

Technology exempt from definitions
US President Donald Trump Exempt smartphones Of the mutual definitions, according to guidance It was released by American customs and border protection late on Friday evening. However, Trump and his assistants suggested on Sunday The exemptions will be partially or completely In the coming weeks, in addition to confusion about sudden policy changes.

American markets rise in a volatile week
American stocks went up on Friday to End the week on a positive note Despite the heavy market disturbances caused by the Trump administration tariff. For the week, S & P 500 5.7 %, and Dow Jon’s industrial average Earn approximately 5 % and Nasdak 7.3 % jump. Asia and the Pacific Markets rose on Monday. Hong Kong Hang Singh Fahras More than 2 % have emerged, and the leadership of the region. Japan Nikki 225 He added more than 1.6 %.

Consumers in the United States are really ostracized
Consumer feelings drowned in April moreAccording to Michigan Universityto survey. The mid-month’s reading was published 50.8-minimum level since June 2022 and the second lower in the poll date dating back to 1952-below the estimate of Dow Jones consensus for 54.6. Meanwhile, the forecasts of inflation jumped for a year from now to 6.7 %, the highest level since November 1981 and rose from 5 % in March.

“Very close” from the recession
Blackrock CEO Larry Fink told CNBC on Friday he believed.We are very close, if not in a stagnation now“However, Fink said he did not believe that the United States was in a financial crisis and expects to be“ Megatrends ”as artificial intelligence continues. Bridgel Ray Dalio founder lifted similar alarms on Sunday, saying the country.Very close to the recession– But it is “worried about something worse than stagnation” if the situation is not treated well.

Exports from China rises
China’s exports jumped by 12.4 % in March A year ago, in US dollars, according to the data issued by the Customs Authority on Monday. This greatly outperforms the Reuters poll estimates by a growth of 4.4 %, which is the largest increase since October last year. Imports decreased by 4.3 % in March of the previous year, more than 2 % decrease.

Singapore reduces growth expectations
Monetary Authority in Singapore On Monday, he reduced its monetary policy For the second time in a row. The central bank has also announced 3.8 % expansion on an annual basis in the Economy of Singapore For the first quarter, a 4.3 % Reuters survey was lost. The country’s Ministry of Trade and Industry has reduced the expectations of the total local products to 0 % -2 % for a period of 2025, a decrease from its previous 1 % -3 %.

(Pro) What will Pavit do?
In 2025, Warren Buffett began with the largest number of money that was within reach. Yun Li from CNBC Pro views the methods that you dealt Mobility in the collapse of the current market – A well -known environment to flourish.

China urges Trump to correct mistakes and “rational voices” responded to the mutual tariff

The Chinese Ministry of Commerce described the American tariff exemptions as a “small step” and urged US President Donald Trump to “completely cancel” the mutual tariff, which includes a duty of 145 % on imports from China.

The ministry said in a statement online, “We urge the United States to pay attention to the rational voices of the international community and local parties, and we take a big step in correcting its mistakes, and completely eliminates the illegal measure” mutual definitions. “

Recent exemptions from customs tariffs are provided to imports locally as Trump is declining and additional evidence that Chinese supply chains cannot be easily replaced by American companies.