Markets rally amid tariff confusion
Global markets opened the week in the green after reports that the U.S. would exempt around 20 tech products—including smartphones, computers, and chips—from its reciprocal tariffs, easing investor concerns.
However, on Sunday, former President Trump denied these exemptions, stating no country, especially China, would be let “off the hook” for trade imbalances, CE Report quotes Anadolu Agency
Despite the mixed signals, market volatility dropped, with the VIX falling 8.8% to 36.2. U.S. stocks ended last week higher following dramatic swings, and gold prices slipped slightly to $3,228.60 per ounce after reaching record highs.
