Tech stocks look set to jump as US and China pause reciprocal tariffs

The U.S.-China trade deal could be a game-changer for tech stocks, with both countries agreeing to temporarily cut tariffs on major exports, boosting shares of Chinese and American companies alike. Tech giants relying on China for manufacturing saw their Nasdaq futures rise by nearly 3.8%, with stocks from Apple, Amazon, Tesla, and others surging up to 6%. However, the deal doesn't address the U.S.'s recent reversal of a $800 exemption, which could further complicate global trade relations.