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Tech Stocks Are Now Front and Center in the Trade War

Tae Kim

If there was any doubt about technology’s leading role in the continuing trade war between the U.S. and China, Tuesday’s trading cast it aside. Technology stocks surged on the U.S. government’s decision Tuesday to postpone tariffs on some products imported from China. UBS economist Seth Carpenter noted cellphones and laptop computers, which are included in the tariff delay to Dec. 15, are the two largest categories in this tranche of tariffs and represents nearly $80 billion of China imports.