U.S. President Donald Trump has decided to exclude approximately 20 electronic products, including smartphones, from tariff imposition, leading to expectations that American companies like Apple and NVIDIA as well as South Korea's Samsung Electronics will benefit.
Stock prices of related corporations significantly rose on the New York Stock Exchange. On Nov. 11 (local time), Apple’s stock closed at $198.15, up 4.06% from the previous transaction, bringing its market capitalization close to $3 trillion at $2.977 trillion.
Most of Apple’s iPhone production is concentrated in China, and the company was initially expected to be hit hard as the tariff rate on imports from China approached 145%. In fact, Apple’s stock has shown weakness, falling 10.27% over the past month and 20.87% this year. However, after the U.S. economic portal Yahoo Finance reported that there is a 50% possibility that Apple could receive a tariff exemption, investor sentiment improved, causing the stock to rebound.
Subsequently, the Trump administration officially announced on Dec. 12 (local time) that smartphones, including the iPhone, would be exempt from tariff imposition.
NVIDIA also recorded a surge of 3.12%, reaching $110.93 that day. Although NVIDIA designs semiconductors in the U.S., it relies on Taiwan's TSMC for production, making it a stock with significant risks in the Chinese market. However, with semiconductors and semiconductor equipment included in the tariff exemption, investor sentiment improved.
According to foreign reports including Bloomberg, the U.S. government decided to exclude a total of 20 items from reciprocal tariff imposition, including ▲smartphones ▲laptops ▲hard disk drives ▲computer processors ▲semiconductors ▲semiconductor equipment.
South Korea's Samsung Electronics is also expected to benefit from this. Samsung Electronics has been burdened by high tariffs from the U.S. on its export channels, but as major items have been included in the exemption category, expectations for stock recovery are increasing.