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US stock markets expected to recover after Trump drops tariffs on mobiles
Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and Nvidia
US stock markets were expected to stage a recovery on Monday after Donald Trump excluded imports of smartphones and laptops from his tariff regime late on Friday night.
Shares in Apple and chip maker Nvidia were on course to soar after tariffs on their products imported into the US were lifted for 90 days.

UK races to secure coal needed to keep British Steel furnaces burning

The ‘Nixon shock’ might help us make sense of the Trump one

Trump’s bullying must stop but the true costs of globalisation will remain | Richard Partington
We cannot return to the status quo before ‘liberation day’, with western economies hollowed out by free-market capitalism
Fundamentally wrong, brutal and paranoid. A preacher of voodoo economics, attacking the US’s allies and enemies alike. Condemnation of Donald Trump in the chaos since his “liberation day” has been swift.
For most people the self-inflicted damage makes no sense, and rightly so.
