- Global markets rose this morning on news that President Trump’s impending tariffs on tech products would be exempted or delayed. However, there remains confusion over whether and when the White House will act against the smartphone, semiconductor, and device supply chain.
Today, investors in the U.S. markets will be grappling with the question of whether they believe Trump will impose steep tariffs on Big Tech’s China supply chain (as he said he would on Sunday) or whether he will back off (as the the U.S. Customs and Border Protection said it would on Friday).
