ONTRADE Forex
US stock markets expected to recover after Trump drops tariffs on mobiles

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.

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Trump’s bullying must stop but the true costs of globalisation will remain | Richard Partington

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.

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