It seems the dramatic reaction in the capital markets and the collapse of consumer confidence prompted the Trump administration to postpone the reciprocal tariffs.
Trump plans to impose tariffs on imported semiconductors, but promises flexibility. Semiconductor stocks rise, but tariffs may impact demand and revenue.
The Australian dollar strengthened to around $0.63 on Monday, posting a fourth straight session of gains as US President Donald Trump exempted key technology goods from his new “retaliatory” tariffs, boosting risk sentiment globally.
