On Monday, Wall Street stocks rose again after experiencing significant declines last week.
The factor that drove the increase in all three major indexes was due to the White House administration announcing tariff exemptions for electronics products from China.
The S&P 500 index rose 1.4%, the Dow Jones increased 1.2% while the Nasdaq index focused on the technology industry rose 1.8%.
The announcement of this exemption has provided relief to large technology companies such as Apple and Dell Technologies, which are too dependent on imported products from China.
The shares of these large companies recorded significant gains after the announcement.
This development also gave joy to 20 types of product manufacturers that account for a total of 23% on US goods from China.
However, President Donald Trump also warned that the levy will still be implemented, even if the exemption is implemented.
Meanwhile, the Republic of China has increased tariffs on American imported goods to 125% after Trump continued to impose prolonged trade tariffs of up to 145%.
This situation has caused the US-China tariff war to continue without any resolution while other countries have received a 90-day tariff suspension period.
