Insignia Consultants | Tech, auto shares gain as Trump floats more tariff exemptions amid confusion

Tech, auto shares gain as Trump floats more tariff exemptions amid confusion

April 14 (Reuters) - Big Tech and auto shares rose after the U.S. removed smartphones and other electronics from its tariffs on China over the weekend, and after President Donald Trump added new wrinkles into his vacillating trade policy on Monday by suggesting he might grant exemptions on auto-related levies already in place.

Trump's aggressive tariffs, which would have raised the rate consumers and businesses would have to pay for imported goods by roughly 25%, sparked a selloff in U.S. assets, including stocks, the dollar and Treasury bonds. The market rebounded on Monday, but the broad-market S&P 500 index (.SPX), opens new tab is still down about 8% so far this year.

https://www.reuters.com/technology/apple-shares-lead-tech-higher-after-tariff-exemptions-2025-04-14/

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