- President Trump relaxed import taxes on tech products to ease economic pressure and support US companies relocating production from China.
- Trump’s government waived $390 billion worth of goods from tariff impositions, including $100 billion from China.
- After this news, Bitcoin surged past $85,000 to experience its best trading week since the turn of the year.
In a surprising move, President Trump recently announced a tariff waiver for tech products like computer chips, smartphones, and laptops. As expected, the financial market responded positively to this news, as stocks surged and Bitcoin rallied past the $85,000 mark. Additionally, BTC recorded its highest trading week in 2025.
US Eases Tech Tariffs to Support Domestic Shift from China
The U.S. Customs and Border Protection agency recently published a list of products exempted from import tariffs. The notice featured 20 product categories, including one that covers tech products like computers, disc drives, and semiconductors. It also includes memory chips and flat panel displays, among others.
According to the agency, this move is intended to allow American companies to relocate their production from China to the US without feeling a major economic impact. Of the excluded items, totaling about $390B in imports, over $100B comes from China alone.
Not long ago, Trump slammed a 125% import tax on products from China, which caused the price of US tech stocks to tank. US tech firms like Apple and Nvidia have large manufacturing bases in China. In fact, about 90% of iPhones are assembled in the asian country.
Besides, China and the US have a long-standing trade relationship. In 2024 alone, the US’s smartphone and computer imports from China stood at $77 billion. As such, this levy waiver comes as a major relief to US tech firms. Experts initially worried that the levies imposed earlier would drive up the prices of electronics popular in the US market. Some market projections even predicted iPhones to cost around $3,500.
Trump’s initial tariff imposition dealt a heavy blow to major U.S. tech stocks, as Apple’s market value tanked by $640B days after the announcement. However, the current tariff relief could help curb massive supply chain disruptions, price hikes, and customer reactions.
Bitcoin Surges as Tech Relief Boosts Market Optimism
The crypto market has experienced a good run, mainly fueled by Trump’s recent tariff U-turn and exemption on tech products. Hours after the waiver news surfaced, Bitcoin bounced to a weekend high of $85.9K. In addition, its weekly trading volume surged to $84.08 billion, the highest since 2025.
Notably, crypto assets like BTC generally couple with high-leveraged tech stocks. For context, coupled assets tend to move together in the same direction value-wise. As such, investors are often positive about digital assets when tech stocks are flying. Hence, analysts note that this recent market relief has indirectly eased the recent pressure on crypto stocks like Bitcoin.
At present, Bitcoin trades at $83,476 and has recorded 16 green outings in the past 30 days. Experts anticipate that Bitcoin could rally once the market officially opens on Monday. They attribute the current crowd reaction to the lower news tracking on weekends.
