Fox Reporter: Nasdaq Surges on Tariff Exemption News, Hasty Tariff Policy Implementation Leaves Investors Displeased

BlockBeats News, April 13th, 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 could soar as the exemption also applies to NVIDIA and other large tech companies. Sources suggest that from a political perspective, this move further exposes the weakness of U.S. Commerce Secretary Lutnick and U.S. Trade Advisor Navarro's argument— that high tariffs and other restrictive measures can 'magically' create domestic job opportunities. If that's the case, then why exempt those companies most reliant on foreign labor and components?

Investors and CEOs widely agree that this tariff plan is one of the worst policy launches in recent years. They all agree that we need a new trade mechanism, and the President's criticism is justified. However, it requires further research and thoughtful action, most likely after tax cuts and deregulation take effect, but the outcome turns out to be the opposite."