What should we expect from the markets on Monday after Trump suspended tariffs on smartphones and laptops?

On Friday, the Trump administration announced a temporary suspension of tariffs on several key electronic products, including smartphones, laptops, memory chips, and other consumer tech items. These products were initially subject to tariffs of up to 145% on Chinese imports, in addition to a general 10% global tariff.

The official reason cited was to avoid passing excessive costs onto U.S. consumers and to reduce pressure on major American tech firms—particularly those heavily reliant on Asian manufacturing, like Apple and Nvidia.

While markets reacted positively late on Friday, with a modest rebound in tech stocks, the bigger question is: what happens next?
• Could this lead to a broader tech-led recovery in the coming days?
• Or will uncertainty around future sector-specific tariffs (as hinted by Commerce Secretary Howard Lutnick) limit any upside?
• What are the likely short-term impacts on supply chains and investor sentiment?

Some sectors to watch might include semiconductors, consumer electronics, and companies with significant China exposure.

Do you think this is just a temporary boost or the start of a more sustained rally? And which specific stocks or ETFs are you watching closely because of this shift?