Financial markets started the week with a positive tone, driven by the US government’s decision to temporarily exempt smartphones and other consumer electronics of the most severe tariffs against Chinese products.
The futures of Nasdaq 100, a technology-focused index, rose 1.4% at the opening of Asian markets on Monday (14), while S&P 500 contracts advanced 1%.
Despite the initial increase, analysts warn of the possibility of volatility, especially with the beginning of the US corporate results season.
The measure, announced on Friday night by US border customs and protection, excludes 125% tariff smartphones imposed last week on Chinese products.
However, President Donald Trump said on Sunday that these items will still be included in a broader review of the electronic supply chain.
The Secretary of Commerce, Howard Lutnick, stressed that exempt products will be incorporated into semiconductor specific rates, expected to be implemented in the coming months.
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The decision generated temporary relief for technology companies, such as Apple, which faced weeks of intense volatility.
The iPhone manufacturer lost about 25% of its market value, equivalent to US $ 775 billion, before recovering half of the losses.
The corporate results season promises to bring more clarity on the impacts of tariffs on supply chains.