Release by technical tariff involves the weight of consumers

At the end of Friday, the Trump administration welcomed the weekends in the best ways: announcing that electronics-back, smartphones, computers and semiconductors will be temporarily released from its so-called “mutual” tariffs, including the basic 10% in all countries.

It means US Triff’s President Donald Trump hit Beijing (a 20%tariff will remain). Apple CEO Tim Cook should sigh with relief: a company based in Cupertino About 80% iPad and more than half of Mac computers in ChinaAccording to Evercore ISI.

This news is also a relief for consumers who desperately need mood lift based on the conclusions Last survey of Michigan Michigan University. After all, it is not only corporations and importers that affect tariffs. The prices for the laptop have already taken off, according to dissatisfied comments to Reddit. A Pre -order Nintendo 2.

Perhaps even Trump implies the famous saying for Wall -Rate: I do not relate to the US consumer.

Technology is released from tariffs
US President Donald Trump Released smartphones, computers and other technological devices and components Out of its mutual tariffs, according to data control Published by the US Customs and Border Protection at the end of Friday evening. A White House Saturday said the release was made because Trump wants to make sure that companies had time to move production to the US

US markets rise against a volatile week
American shares rose on Friday to Finish the week on a positive note Despite the great market turbulence caused by Trump administration tariffs. For a week, S&P 500 grew by 5.7% Dow Jones Industrial Medium scored almost 5% and Nasdaq Composite jumped by 7.3%. Regional Europe Stoxx 600 index lost 0.1%After its best session since March 2022. UK FTSE 100 closed by 0.64% above after the data showed British economy grew by 0.5% in February Monthly, much more than expected.

Consumers in the USA are really downgrade
Consumer feelings in April sank furtherAccording to Michigan UniversityPoll. It posted the average monthly reading of the 50.8-lowest since June 2022 and the second smallest in the history of the poll, which returned until 1952-lower consensus assessment Dow Jones for 54.6. At the same time, the expectation of respondents for inflation a year has been jumping to 6.7%, the highest level since November 1981 and compared to 5% in March.

“Very close” to recession
Black CEO Larry Fink said CNBC on Friday what to consider “We are very close if not, recession now“However, Fink said he did not think the US is in the financial crisis and expects” megatrand “as artificial intelligence.very close to recession” – but he” worries for something worse than recession “if the situation does not cope well.

Big Bank Profit
Jpmorgan chase and Morgan Stanley It is reported on Friday’s profit. Both banks have won expectations that help with flowering activities. Jpmorgan saw 48% income growth from stock trading while in Morgan Stanley The hospital is 45%. On the call call JPMorgan, CEO Jamie Dimon said analysts are “reduced their S&P estimate by 5%“In the last days – and he expects to” leave even more “.

(Pro) European fix over the US
While the S&P 500 has fallen by almost 11%today, the pan -European 600 SToxx 600 decreased by 4.4%. Other European storms are also much better than those in the US Germany DaxIn fact, even in a positive territory. Ganesh Rao CNBC explains why this is the case and the risks forward, despite the fact that despite So far the results of Europe.

China urges Trump to correct mistakes and listen to “rational votes” for mutual tariffs

The Chinese Ministry of Commerce called the US tariff release “a small step” and called on US President Donald Trump “completely cancel” mutual tariffs, which include 145% of import duty from China.

“We urge the US to listen to the rational votes of the international community and domestic parties, to reach a great step in correcting its mistakes, to completely cancel the illegal action of” mutual tariffs “, – said in the Internet, according to CNBC.

Recent liberations from tariffs for technology imports are provided inside the country because Trump is receding and additional evidence that Chinese supply networks cannot be easily replaced by US companies.