Donald Trump backs – New stock market rally awaits
« We get a short -term rally during the start of the week, » said Jon Arnell, investment manager at von Euler & Partners, in a comment on TT.
The world’s stock exchanges have been thrown between rises and races lately. Trump has always delivered new news about the sweeping customs against the outside world, and China in particular. Again, he is forced to reverse from parts of them.
On Saturday, it was revealed that the import tariffs on all kinds of electronics are exempted, mainly consumer electronics such as phones and computers. Most of these goods are imported from China that the United States coated with 145 percent customs duties.
For above all Iphone manufacturer Apple, but also for other American tech giants that produce much of their goods in China, it would have become a murder. Assessors have described the customs as worse than the effects of pandemic. American consumers would have suffered significantly rising prices.
So the Trump government got back, probably after clear pressure from the tech industry.
According to the analysis company Rand China Research Center, the exemptions from customs on electronics are for about $ 390 billion (SEK 3,900 billion) in US import per year, writes Bloomberg news agency. $ 100 billion, or about SEK 1,000 billion, of that imports come from China, of which mobile phones account for SEK 420 billion.
In total, electronics imports are located From China for 22 percent of all US imports from the world’s second largest economy.
– This is a big hole in the US customs wall that will spare companies like Apple, and consumers of computers and phones from price shocks, says Gerard Dipippo at Rand China Research Center to Bloomberg.
Apple is the big player. Since Trump launched the original customs package this week, the Apple share has collapsed as a house of cards. On Monday, there will be a hefty recovery.
A big donation from above for the American tech giants that weigh heavily on the world’s stock exchanges, says Jon Arnell. Although great uncertainty remains, the message will have clear stock effects on Monday.
« The Stockholm Stock Exchange should, like Asia and Europe, initially lift, » he says.
