April 2025: as long as smartphones don’t get more expensive

April 2025: as long as smartphones don’t get more expensive

07 May 2025 | 1 min. readingtime

Marketupdate April (ENG)

April 2025: as long as smartphones don’t get more expensive

April was anything but boring for the stock markets. Much of the turbulence stemmed from the uncertainty surrounding the trade tariffs imposed by U.S. President Trump, particularly targeting China. On April 2nd, Trump announced import tariffs on nearly every country in the world, only to follow up in the days after with 90-day pauses for some nations and exceptions for certain products, like smartphones. Apparently, pricier smartphones are still a step too far. In line with these chaotic announcements, financial markets were also quite volatile.

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Raphie Hayat

Senior investment strategist

Raphie has a PhD in economic sciences and is an investment strategist at a.s.r. vermogensbeheer who writes about the interface between macroeconomics and financial markets.

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