Trump’s Tariff Exemption Boosts Tech and Crypto Markets
- President Trump exempted tech products like smartphones, laptops, and computer chips from new tariffs.
- The exemptions cover approximately $390 billion in imports, with over $100 billion from China.
- The U.S. imported over $41 billion in smartphones and $36 billion in computers from China in 2024.
- Apple lost more than $640 billion in market value following the initial tariff announcement.
- Bitcoin trading volume reached $84.08 billion, the highest week of 2025.
The exemption of tech products from tariffs covers around $390 billion in imports, significantly easing pressure on tech companies and boosting cryptocurrency markets. Bitcoin saw a trading volume peak of $84.08 billion following the news.
Source (2.6)https://insights.santiment.net/read/trump-s-tariff-exemption-quickly-leads-to-positive-crypto-reaction-8610
