The President of the United States Donald Trump has released a number of technological products, including smartphones, tokens, computers and selected electronics from tariffs, which gives the technology industry a very needed respite from commercial pressure.
According to For American customs and border protection, the storage card, modems, diodes, semiconductors and other electronics have also been excluded from ongoing trading tariffs.
“Technology companies with a large chapter will eventually appear forward when all this is said and done”, Kobeissi wrote In the post of April 12.
US Customs and Border Protection announces release from tariff for selected technological products. Source: US Customs and borders protection
The tariff relief will postpone the pressure on technological campaigns, which were one of the greatest victims of the trade war. Cryptographic markets are correlated with technological inventory and can also accumulate with the raise in risk appetite on the positive headlines of the trade war.
After the news about releasing the tariff, the price of Bitcoin (BTC) broke USD 85,000 on April 12, which is a signal that cryptographic markets are already reacting to the latest macroeconomic development.
Related: The billionaire investor “would not be surprised” if Trump put down the tariffs
Markets depend on each Trump’s word during macroeconomic uncertainty
President Trump went back on April 9, initiating a 90-day mutual tariff pause and reducing the tariff rates to 10% for countries that did not respond to a counterattack to American goods.
Bitcoin increased by 9%, and the S&P 500 increased by over 10% on the same day on which Trump released the tariff.
Raoul Pal, a macroeconomic trader, said that tariff policy was a negotiating tool aimed at establishing a US-china trade agreement and characterized the commercial rhetorics of the US administration as “attitudes”.
Bitcoin Max Keizer lawyer argued that the exemption of selected technological products from import tariffs would not reduce the profits of bonds or to reduce the interest rates of the Trump administration.
The performance of 10-year US government bond jumps after the broad commercial policy of the Trump administration. Source: TradingView
The capacity of the US 10-year US tax bonds increased to a local level of about 4.5% on April 11, when bond investors reacted to macroeconomic uncertainty of the prolonged trade war.
“The concession transferred to China due to technological exports will not reverse the trend of higher rates. Trust in American bonds and the American dollar has been eroded for years and will not stop now”, Keizer wrote April 12.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
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