Fox reporter: The Nasdaq may surge due to tariff exemptions, and the hasty implementation of tariff policies has sparked dissatisfaction among investors

ChainCatcher news, Fox Business reporter Charles Gasparino stated on social media, "The market's reaction to 'Tim Apple tariff exemption' is expected to be positive; Nasdaq could surge as the exemption also applies to Nvidia and other large tech companies.

Sources indicate that politically, this move further exposes the weak arguments of U.S. Secretary of Commerce Ross and U.S. Trade Advisor Navarro—that high tariffs and other restrictions can 'magically' create jobs domestically. If that were the case, why exempt companies that rely most on foreign labor and components?

Investors and CEOs generally believe that this tariff plan is one of the worst policy rollouts in recent years. They all agree that we need a new trade mechanism, and the president's criticisms are well-founded. However, it requires further study and thoughtful action, likely after tax cuts and deregulation take effect, yet the results are quite the opposite."