Intel (INTC, Financial) climbed about 5% on Monday morning as tech stocks broadly advanced for a second straight session following a U.S. decision to delay tariffs on key consumer electronics, including smartphones and computers. The temporary relief sparked optimism across markets, giving firms that rely on overseas production a short-term lift.
China escalated the trade spat last week, announcing plans to increase duties on U.S. imports to as much as 125%, following Washington's own moves that brought total tariffs on Chinese goods to 145%.
Despite the market bounce, concerns remain elevated. John Canavan, lead U.S. analyst at Oxford Economics, said in a note that the absence of a consistent trade strategy “continues to cloud investor sentiment,” adding that volatility may stay high as markets brace for more uncertainty.
Trump has also granted a 90-day tariff suspension for most other countries after a wave of volatility rattled global equities and the bond market.
