Market Anticipates Positive Reaction to Tariff Exemption for Major Tech Firms

According to BlockBeats, Fox Business journalist Charles Gasparino shared on social media that the market is expected to react positively to the 'Tim Apple tariff exemption.' The Nasdaq may experience significant gains as the exemption also applies to Nvidia and other major tech companies. Sources indicate that, from a political standpoint, this move further highlights the weak arguments of U.S. Commerce Secretary Lutnick and U.S. Trade Advisor Navarro, who have claimed that high tariffs and other restrictions can 'magically' create jobs domestically. If this were true, why exempt companies that heavily rely on foreign labor and components? Investors and CEOs generally view this tariff plan as one of the worst policy implementations in recent years. They agree that a new trade mechanism is necessary, and U.S. President Donald Trump's criticism is justified. However, it requires further study and thoughtful action, likely after tax cuts and deregulation take effect, which has not been the case.