According to ChainCatcher, Fox Business reporter Charles Gasparino stated on social media that "the market's reaction to the 'Tim Apple tariff exemption' is expected to be positive; Nasdaq may surge significantly, as the exemption also applies to Nvidia and other major tech companies."

Sources indicate that from a political perspective, this further exposes the weak arguments of U.S. Commerce Secretary Lutnick and U.S. Trade Advisor Navarro - that high tariffs and other restrictive measures can 'magically' create domestic jobs. If that were true, why would they exempt companies that rely most heavily on foreign labor and components?

Investors and CEOs generally believe this tariff plan is one of the worst policy introductions in recent years. They all agree that we need a new trade mechanism, and the president's criticisms are well-founded. However, it requires further research and deliberate action, likely to be effective after tax cuts and deregulation, but the result is precisely the opposite.