Trump Warns Tariffs Coming for Electronics After Reprieve | Bloomberg The Pulse 04/14

Global technology stocks climbed on Monday after the Trump administration provided crucial albeit fleeting tariff relief for battered electronics and semiconductor makers. The administration on Friday exempted phones, computers and chips from its so-called reciprocal tariffs. But the President added that no-one is 'off the hook,' pledging that he will still apply tariffs to popular consumer electronics — making the reprieve seem temporary and part of the longstanding plan to apply a different, specific levy to the sector.

This comes as Chinese President Xi Jinping has started his sweep across Southeast Asia with a visit to one of the countries hardest hit by the shakeup of global trade: Vietnam. Xi Jinping's trip is seen as an attempt to form alliances against the US in the trade war.

Meanwhile, Bloomberg understands that the US and Iran are expected to hold their second round of nuclear talks on Saturday in Rome. It follows their first meeting in years in Oman over the weekend.

Today's guests: Paul Quinsee, JP Morgan Asset Management, Equities Global Head; Isabelle Mateos Y Lago, BNP Paribas, Chief Economist; Fabrice Pothier, Rasmussen Global CEO & Former NATO Policy Planning Director

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:01:15 - Trump: Tariffs coming for electronics
00:04:39 - Xi in Vietnam to win over SE Asia
00:06:56 - Paul Quinsee, JP Morgan Asset Management
00:16:38 - European chip stocks higher on tariff changes
00:23:35 - Headlines
00:24:33 - EU races to expand markets as US links sour
00:27:01 - UK government rescues British steel
00:28:12 - Isabelle Mateos Y Lago, BNP Paribas Chief Economist
00:32:44 - McIlroy secures career grand slam
00:36:29 - Iran, US agree to extend talks
00:41:41 - Fabrice Pothier, Rasmussen Global CEO & Former NATO Policy Planning Director
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