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Labrish
Nyuuz
Trump's Tariff Flip-Flops Leave Tech on Edge and Traders Jittery
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[QUOTE="Munyaradzi Mafaro, post: 33250, member: 636"] Markets showed their power earlier this week when they forced President Trump to lower global import tariffs to 10 percent for most countries except China, which faced a 145 percent rate. The White House changed course after bond markets sold off sharply. Trump later removed tariffs on semiconductors and electronic items from China during the weekend, bringing the Chinese import tariff rate down to 104 percent. However, these products still face the original 20 percent IEEPA tariffs despite being exempt from the higher rate. Commerce Secretary Howard Lutnick added to market uncertainty with news that new tariffs on pharmaceuticals, semiconductors, and electronics would likely start next month. Wedbush analyst Dan Ives believes Trump has avoided the worst-case scenario, predicting tech stocks will rise as investors feel relief. However, Ives noted the administration creates confusion with its constant policy changes. Companies struggle to plan supply chains and inventory amid this uncertainty. Some traders remain cautious despite recent developments. One options trader with 14 years of experience expects many investors will bet on market gains Monday but predicts another significant market decline within four to six weeks. The shifting trade policies continue to create challenges for businesses and investors trying to navigate market conditions. [/QUOTE]
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Labrish
Nyuuz
Trump's Tariff Flip-Flops Leave Tech on Edge and Traders Jittery
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