U.S. stock markets are significantly up after former President Donald Trump announced exemptions on tariffs for key tech products like smartphones and computers. This move brought major relief to companies that rely heavily on Chinese manufacturing.
The S&P 500 jumped over 9%, one of its biggest single-day gains in years, driven by renewed investor confidence and hopes of stable trade conditions.
While the current policy is a positive signal for tech and consumer goods, further investigations into semiconductor imports could bring new changes soon.
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