India, April 14 -- The U.K. market is up firmly in positive territory in late morning trades on Monday with investors picking up stocks, reacting to the temporary exemption announced by the U.S. on tech products, including smartphones, computers, and key electronics.
However, there is still some uncertainty about Trump's moves, as commerce secretary Howard Lutnick later clarified that these exemptions are not permanent. Trump later said on Truth Social that they are still subject to the existing 20% Fentanyl tariffs, but just moving to another bracket.
The announcement by the US Customs and Border Protection over the weekend that new exemptions from tariffs on various tech products, including smartphones, laptops, and other electronics me...