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| US stock markets rise on Trump tariff rollback | US stock markets rise on Trump tariff rollback |
| (32 minutes later) | |
| Watch: US markets rise at open after turbulent week | |
| US stock markets opened higher on Monday after the White House announced that imports of Chinese-made smartphones and some other electronics devices would be exempted from tariffs. | US stock markets opened higher on Monday after the White House announced that imports of Chinese-made smartphones and some other electronics devices would be exempted from tariffs. |
| The rollback, issued early on Saturday, may end up being short-lived after President Donald Trump said these goods were simply being moved into a different tariff group or "bucket". | The rollback, issued early on Saturday, may end up being short-lived after President Donald Trump said these goods were simply being moved into a different tariff group or "bucket". |
| The exemption - temporary or not - sent shares higher in Europe, with the UK's FTSE 100 rising by 2% while leading indexes in France and Germany both climbed. | The exemption - temporary or not - sent shares higher in Europe, with the UK's FTSE 100 rising by 2% while leading indexes in France and Germany both climbed. |
| Apple's share price rose sharply since as much as 80% of its iPhones intended for sale in the US are made in China. | Apple's share price rose sharply since as much as 80% of its iPhones intended for sale in the US are made in China. |
| Most imports from China to the US had faced a levy of 145% under Trump's new trade regime. Beijing responded with its own 125% tariffs on American products coming into China. | Most imports from China to the US had faced a levy of 145% under Trump's new trade regime. Beijing responded with its own 125% tariffs on American products coming into China. |
| The Trump administration is expected to announce tariffs on semiconductors later, and smartphones, computers and other electronic devices exempted will fall into this category. | The Trump administration is expected to announce tariffs on semiconductors later, and smartphones, computers and other electronic devices exempted will fall into this category. |
| The technology-heavy Nasdaq index rose by 2.2% in the first few minutes of trading on Monday. The S&P 500 added 1.6% while the Dow Jones Industrial Average gained 1.1%. | The technology-heavy Nasdaq index rose by 2.2% in the first few minutes of trading on Monday. The S&P 500 added 1.6% while the Dow Jones Industrial Average gained 1.1%. |
| Apple's share price rose by 5.2%. | Apple's share price rose by 5.2%. |