In a move that may ripple across both the tech and crypto sectors, former U.S. President Donald Trump has announced exemptions for a range of technology-related imports from trade tariffs. Items such as smartphones, semiconductors, laptops, modems, and other electronics are now excluded from the previously proposed retaliatory tariffs.
According to the U.S. Customs and Border Protection, these exemptions also cover storage devices, diodes, and certain chips—offering a breather to the tech industry, which has been under strain from the ongoing trade tensions.
“The major tech giants are poised to benefit significantly from this development,” commented The Kobeissi Letter in an April 12 post on X.
With tech stocks regaining momentum, the broader market has begun to show signs of recovery. Since digital assets like Bitcoin often mirror movements in high-risk tech equities, the cryptocurrency space could also benefit from this policy shift. Following the announcement, Bitcoin climbed past $85,000 on April 12, marking a notable jump and signaling that the crypto market is already factoring in the change.
Markets Move as Trump Softens Tariff Stance
On April 9, Trump dialed back his tariff strategy by initiating a 90-day suspension on reciprocal tariffs and reducing rates to 10% for nations that didn’t impose countermeasures against U.S. goods. The markets responded swiftly—Bitcoin surged 9%, while the S&P 500 saw an over 10% gain that day.
Renowned macro investor Raoul Pal described the tariff strategy as a bargaining tool in U.S.-China trade talks, suggesting the aggressive rhetoric was more about positioning than enforcement.
Meanwhile, crypto advocate Max Keiser expressed skepticism about the broader economic impact. While he acknowledged the relief for tech imports, he argued it wouldn’t be enough to reverse rising bond yields or influence interest rates in the way the administration might hope.
On April 11, the yield on the 10-year U.S. Treasury Bond jumped to around 4.5%, reflecting investor uncertainty over prolonged trade negotiations.
“This small gesture toward China won’t halt the broader trend of rising rates,” Keiser wrote, adding that long-term confidence in U.S. bonds and the dollar continues to erode.
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