In Brief Posted: 2:41 AM PDT · May 12, 2025 Image Credits:Chip Somodevilla / Getty Images Tech stocks look set to jump as U.S. and China pause reciprocal tariffs U.S. tech stocks, along with the broader stock markets, seemed ready to start the day with a high, as the United States and China on Monday agreed to temporarily cut reciprocal tariffs for 90 days. Per the deal, reached in Geneva, the U.S. would temporarily shelve the 145% reciprocal tariff on goods imported from China, taking the rate down to 30%; and Beijing would pause the 125% tax it had imposed on goods from the U.S., taking its rate down to 10%. Tech stocks jumped before the bell, with Chinese exporters Temu and Alibaba’s stocks on the Nasdaq up nearly 9% in pre-market trading. Big U.S. tech firms that rely on China for sourcing and manufacturing, including Apple, Amazon, Tesla, Nvidia, AMD and Meta, were all up 5% to 6% pre-market. Nasdaq Futures rose around 3.8%. Notably, the deal does not address the U.S.’ recent removal of the “de minimis” exemption, which waived duties on imports valued below $800. Topics