TNB Tech Minute: Tech Stocks Soar After Temporary Tariff Rollback

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 12 May 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus: Apple weighs raising prices on new iPhones. And the valuation of AI startup Perplexity surges to $14 billion. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This podcast is brought to you by FTI Consulting.
0:03.5	How do you prove a song wasn't stolen?
0:05.7	How do you create a market out of thin air?
0:08.1	How do you get the largest technology merger over the finish line?
0:11.5	Learn more at FTI Consulting.
0:13.7	Experts with Impact.
0:16.4	Here's your TNB Tech Minute for Monday, May 12th.
0:19.7	I'm Victoria Craig for the Wall Street Journal.
0:22.1	A 90-day reduction in U.S.-China tariffs sent relief through the tech-heavy NASDAQ in today's
0:27.5	trading session. The index jumped more than 4% helped by the magnificent seven group of companies
0:33.3	that have been punished by the trade war. Today's gains propelled the NASDAQ into bull market territory,
0:39.3	which means it rose at least 20% from its recent low in early April.
0:44.4	Shares of Apple rallied over 6% in the broader tech rally.
0:47.8	Meanwhile, the Wall Street Journal exclusively reports the tech giant
0:51.0	is mulling weather to raise prices on its new fall iPhone lineup.
0:55.0	People familiar with the decision-making say Apple does not want to attribute the price increase to U.S. tariffs on China,
1:01.0	where the company makes most of its devices.
1:04.0	Instead, it would rather pin the extra cost on new features and a new, thinner design.
1:09.0	Though the U.S. and China agreed to pause most tariffs, a 20% levy is still in place on
1:15.1	Chinese imports, which includes smartphones.
1:18.1	President Trump imposed that tariff on China earlier this year for what he said is the
1:22.4	country's role in the fentanyl trade.
	...

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