The American stock markets opened higher on Monday after the White House announced that imports of Chinese manufacturing smartphones and other electronic devices are exempt from prices.
The rollback, published early Saturday, could end up being short -lived after President Donald Trump said that these goods were simply transferred to a different pricing group or “bucket”.
The exemption – temporary or not – sent higher actions to Europe, the FTSE 100 of the United Kingdom increasing by 2%, while the leading indices in France and Germany both climbed.
Apple’s action has increased sharply, because 80% of its iPhones for sale in the United States are manufactured in China.
Most imports from China to the United States had faced a 145% sample under Trump’s new trade regime. Beijing responded with its own 125% tariffs on American products in China.
The Trump administration should announce prices on semiconductors later, and smartphones, computers and other exempt electronic devices will be in this category.
The NASDAQ index, heavy with technology, increased by 2.2% in the first minutes of negotiation on Monday. The S&P 500 added 1.6% while the industrial average Dow Jones won 1.1%.
Apple’s share price increased by 5.2%.
