Global Tech Stocks Climb as Tariff Threat Dodged for Now (2)

Global technology stocks climbed Monday after the Trump administration provided crucial albeit fleeting tariff relief for battered electronics and semiconductor makers.

President Donald Trump on Friday published measures exempting smartphones, computers and other electronics from its so-called reciprocal tariffs. That helped fuel a 4.4% rally in shares of Apple Inc., and a 3.2% gain across Europe’s tech sector.

The relief is crucial for Apple, whose products rely heavily on supply chain partners in China. Chip-equipment companies like ASML Holding NV also dodged the tariff threat for now. Although Trump said the exemptions will be temporary, some investors are ...