From Morningstar: 2025-04-14 12:45:00

European stock markets soared on news of tariff exemptions for electronics by the Trump administration. The Morningstar Europe Index and Stoxx Europe 600 both rose 2.6%, driven by financial, energy, and tech stocks. US markets saw a similar trend, with the S&P 500 and Nasdaq composite fluctuating throughout the day.

US Treasury and Eurozone bond yields eased slightly, while the euro remained strong against the dollar at $1.135. The exemption was labeled as temporary by the US, leading to uncertainty in the markets. Japan’s Nikkei 225 and Hang Seng Index also saw positive gains in response to the news.

The exemption list includes 20 product categories, with smartphones and computers being the most significant. Trump’s aim is to encourage companies to move production to the US. Analysts suggest these exemptions could be a starting point for trade negotiations, especially in the smartphone sector where China plays a major role. Apple has already been affected by the tariffs, with shares dropping 11% since the announcement.



Read more at Morningstar: Technology Tariff Exemptions Lift Stocks