Global Markets Rally on Temporary Tariff Relief

Global stock markets experienced a significant rally prompted by President Donald Trump's temporary tariff exemptions on electronics such as smartphones and computers, benefiting major tech stocks like Apple and Nvidia. These exemptions, part of Trump's broader trade war with China, appeared to ease market tensions, resulting in gains across U.S., European, and Asian markets, with notable increases in the S&P 500, Dow Jones, and Nasdaq. Despite the relief, the exemptions are temporary, and new tariffs on semiconductors are expected soon, maintaining a level of uncertainty that continues to impact market volatility. China's Commerce Ministry welcomed the exemptions as a positive, albeit limited, development, while emphasizing the need for further tariff reductions. Investors remain cautious as the situation evolves, with analysts noting the potential long-term impacts on global trade dynamics and market stability.