The US stock market has recovered after President Trump agreed to postpone the implementation of tariffs for 90 days for most countries in the world. The value of world technology companies is now gradually increasing again and this morning Apple managed to restore its status as a company with a market value of over $3 trillion.
The value of one unit of Apple shares has now increased by more than 2% to $202 and puts its market value at $3.042 trillion. It is now the only company in the world with a value of over $3 trillion. Microsoft and NVIDIA also previously joined this exclusive club but today the company's shares are showing a downward trend.
Despite the tariffs being postponed for 90 days, the United States still imposes a 145% tariff on imports of products from China. Exceptions for chips, semiconductor materials, electronic equipment and computers were also confirmed to be temporary pending new announcements from Trump in the near future.
Pressure is being put on major world companies to move manufacturing operations from China back to the United States in the near future. But this dream may be shattered before it can be realized after China imposed restrictions on the export of rare earth elements to the United States in retaliation for the tariffs imposed.