President Trump's weekend statements created significant confusion regarding tariffs on technology sectors. Initially suggesting exemptions for computers and smartphones, he quickly countered, asserting no one would escape tariffs, especially targeting China. Commerce Secretary Lutnick confirmed that while some sectors might be spared from reciprocal tariffs, they would still face semiconductor tariffs in the near future. Despite the chaotic messaging, investors are favoring tech stocks like Apple and Nvidia, which saw notable increases in premarket trading, indicating resilience in the market amid tariff uncertainties.
President Trump initially hinted at exemptions for certain tech sectors from tariffs, only to later declare that no one would be exempt, especially not China.
Commerce Secretary Howard Lutnick's statement added to the uncertainty by indicating that certain tech firms are exempt now but will face semiconductor tariffs soon.
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