Shares rise thanks to temporary customs exemptions for electronics

Shares rise thanks to temporary customs exemptions for electronics

New York, CNN-The US exchanges recorded an increase on Monday morning, since the dealers on the Except of tariffs for smartphones, computers and various electronics devices from China that the Trump administration recently announced.

market development and interest

The Dow Jones rose by 480 points, which corresponds to an increase of 1.2%. The wider S&P 500 won 1.75%, while the technology -oriented Nasdaq Composite grew by 2.4%. The US futures increased at the weekend after investors recognized on Saturday that the Trump administration had passed customs exceptions for electronic imports from China, according to a Communication of the US Zoll and Grenzschutzes , which was published on Friday evening.

conflict about the tariffs

These exceptions follow the introduction of a duty of 145% to imports from China that President Donald Trump announced on Wednesday. However, the exceptions do not apply to 20% inch on imports from China that are related to the fentanyl trade. Technology stocks such as Apple experienced an upswing on Monday morning.

temporary relief?

Despite the market profits, the conflict with China remains: Minister of Commerce Howard Lutnick said on Sunday that the customs exceptions for electronics are only a temporary relief. These products are subject to separate taxes, according to Lutnick.

"(electronics is) freed from the reciprocal tariffs, but they are contained in the tariffs on semiconductors that will probably follow in one or two months," said Lutnick to ABC News on Sunday.

volatility on the stock exchanges

The US exchanges have experienced a roller coaster ride in the past two weeks. Trump's announcement of so-called "reciprocal tariffs" and the subsequent 90-day break in most tariffs have moved the US markets sharply. The S&P 500 fell 9% in the first week of April, which is the worst week in 2020 before it added 5.7% in the second week of April, which marked the best week in 2023.

economic uncertainty

Despite the increase, the S&P 500 continues to act under the closing course of April 2, the date on the Trump originally announced reciprocal tariffs. Wall Street hopes to continue the rally even though the uncertainty remains. The unclear about Trump's trade policy has left the dealers in the dark how they best position their investments and aroused concern about economic growth in the USA.

analyzes and forecasts

"While every delay in the tariffs is marginal, it is not the same as their abolition," said Morgan Stanley's analysts in a message on Friday. "The story shows that increased and long -lasting uncertainty that affects business growth can have harmful effects on corporate expenses and attitudes."

gold price and safe ports

Goldman Sachs CEO David Solomon said in a press release The current climate represents a "significantly different operating environment than at the beginning of the year".

The billionaire Ray Dalio expressed that Trumps Zölle the USA near a recession or possibly even "something worse" - brought.

market forecasts

"At the moment we are at a decision point and very close to a recession," the hedge fund manager told NBC News on Sunday. "I'm worried about something that is worse than a recession if this is not handled well."

The analysts of Citi lowered their year on Friday their year for the S&P 500 to 5,800 from 6,500 and thus joined a group of Wall Street giants, which corrected their forecasts for corporate profits and growth this year due to the uncertain customs environment.

"The Goldilocks mood at the beginning of this year undoubtedly made space for absolute uncertainty," added the analysts of Citi.

investor flows

In the meantime, the gold price has increased this year because investors are looking for safe haven. On Friday, the yellow metal passed the record of $ 3,200 per troy ounce and has increased by more than 21% this year. Analysts from Goldman Sachs raised their year -end forecast for gold to $ 3,700 on Friday and underline the increased demand for gold in an economic environment characterized by uncertainty.

This message continues to develop and will be updated.

reports of CNN authors Auzinea Bacon, Anna Cooban and John Liu