Apple stock tariff exemption gave tech investors something to cheer about on Monday. Shares of Apple (AAPL), Dell Technologies (DELL), and other major tech companies climbed after President Donald Trump temporarily paused tariffs on a range of imported electronics.
According to updated guidelines from U.S. Customs and Border Protection, smartphones, laptops, and semiconductors are now excluded from the latest round of proposed tariffs. While Commerce Secretary Howard Lutnick hinted on Sunday that this relief might be short-lived, the current carve-out was welcomed by markets.
JPMorgan analysts described the Apple stock tariff exemption as a “significant relief” for the tech giant, which still manufactures the majority of its devices in China. They also noted Apple will likely speed up its plans to diversify manufacturing. India now produces about 15% of iPhones, while Vietnam has become a key hub for AirPods and Apple Watch, and is expanding production for iPads and Macs.
Apple shares jumped roughly 2% on Monday, building on gains seen last Friday. However, the stock remains down nearly 20% for the year.
Apple stock tariff exemption drives broader tech rally
Dell, which assembles most of its hardware outside the U.S., saw its stock climb 4% on the day. In a separate note, JPMorgan analysts remarked that the pause in tariffs on electronics reflects the critical role these products play for U.S. consumers—and the economic weight of major American firms like Apple and Dell.
Semiconductor stocks also rallied. Names like Advanced Micro Devices (AMD), Western Digital (WDC), and NXP Semiconductors (NXPI) all saw solid gains, with investors optimistic that reduced trade tensions could benefit the sector.
While the Apple stock tariff exemption offers temporary relief, market watchers are keeping a close eye on future policy moves that could affect global tech supply chains.
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Source: www.investopedia.com
