European stock markets are climbing following the temporary exemption of electronics from U.S. reciprocal tariffs. However, U.S. President Donald Trump hinted that the measure may be short-lived, adding further uncertainty to an already volatile trade environment.
The euro extended its gains against the U.S. dollar, while European stock futures showed positive momentum: the Euro Stoxx 50 rose by 2.5%, Germany’s DAX gained 2.28%, and the UK’s FTSE 100 was up 2.01% as of 5:00 a.m. CEST.
Over the weekend, U.S. authorities confirmed that electronics—including smartphones, computers, and related components—would be temporarily excluded from the newly announced tariffs: 145% on Chinese imports and 10% on goods from other countries. However, Trump wrote on Truth Social that “no exemptions were made,” and suggested electronics would soon fall under different tariffs, including a 20% levy related to fentanyl control.
The President also stated that the entire electronics supply chain—including semiconductors—would be reviewed as part of upcoming national security tariff investigations.
