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Release by technical tariffs shows the importance of consumers

On Monday, February 24, 2025, Apple Fifth Avenue shop in New York, USA.

Michael Nagl | Bloomberg | Gets the image

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 rate of 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.

What do you need to know today

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. However Trump and his assistants on Sunday offered them The release would be partially or fully canceled In the coming weeks, adding confusion about sharp changes in politics.

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%. Asia-pacific markets rose on Monday. Hong Kong Hang the Index Most than 2%jumped out, the leading profit in the region. Japan Nikkei 225 Added more than 1.6%.

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.

Exports from China Svesh
In March, China’s exports jumped by 12.4% Since year, the US dollars, according to its customs authority on Monday. This significantly overcomes Reuters polls by 4.4% and is the largest increase since October last year. Imports decreased by 4.3% in March compared to the expectations of economists by 2%.

Singapore lowers growth outlook
Singapur’s monetary power Monday reduced its monetary policy For the second time in a row. The Central Bank also announced 3.8% compared to last year in the Singapore economy In the first quarter, having missed the Reuters survey by 4.3%. The country’s Ministry of Commerce and Industry reduced the gross domestic product to 0%-2%in 2025, which is 1%-3%compared to the previous view.

(Pro) What would you do a baffle?
Warren Buffett started 2025 with the most money he had at hand. Yun Li Cnbc Pro looks at the methods by which “Oracle of Omaha” coped with past market crises to see how he could Go to the current market crisis – The environment in which it is known to bloom.

And finally …

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.

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