President Donald Trump on Sunday said there will be no exceptions for tariffs on electronics and that he would clarify his administration's policy on Monday.
U.S. Customs and Border Protection announced late Friday that some smartphones, computers, chips and other electronics would be exempted from tariffs, but Trump's top economic advisers hit the Sunday talk shows to explain the policy, saying that tariffs against electronics would be coming in the next month or two.
“There was no Tariff ‘exemption’ announced on Friday," Trump posted Sunday afternoon, and that semiconductor tariffs will “just be moving to a different Tariff ‘bucket.’”
Mexico would like to avoid imposing reciprocal tariffs, president says
Mexican President Claudia Sheinbaum on Monday said she'd like avoid imposing reciprocal tariffs on the U.S. "as much as possible."
Sheinbaum said Mexico could impose similar tariffs on steel and aluminum, but worried about the impact for Mexican businesses.
"We prefer to continue the dialogue before any other measure," she said during her daily news conference.
Apr 07, 2025, 1:09 PM EDT
European Union ready to negotiate on tariffs but preparing countermeasures
European Union Commission President Ursula von der Leyen said on Monday it is ready to negotiate tariffs with the Trump White House.
"Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal," she said.
"But we are also prepared to respond through countermeasures and defend our interests," von der Leyen said, though she emphasized the EU would "prefer to have a negotiated solution."
Apr 07, 2025, 12:03 PM EDT
China slams Trump tariffs as 'economic bullying'
China on Monday again criticized Trump's tariff policy, calling it an "abuse" that "gravely undermines the rules-based multilateral trading system, and disrupts global economic order and stability."
"The Chinese government strongly condemns and firmly opposes such actions. The U.S. approach is a typical act of unilateralism, protectionism, and economic bullying, which causes harm to others while backfiring on itself," said Chinese Foreign Ministry spokesman Lin Jian.
Apr 07, 2025, 11:29 AM EDT
Trump threatens to add 50% tariff on China if it doesn't remove retaliatory measures
Trump on Monday threatened to increase tariffs against China again if Beijing doesn't remove the retaliatory tariffs it placed on the U.S.
Trump wrote on his social media platform that "if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th."
"Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately," he added.
White House Press Secretary Karoline Leavitt listens, as President Donald Trump speaks to reporters while in flight on Air Force One, en route to Joint Base Andrews on April 6, 2025.
Mandel Ngan/AFP via Getty Images
A senior White House official said that this would be in addition to the 34% "reciprocal" tariff Trump announced last week set to go into effect on Wednesday and the 20% that is already in place, making for a potential total of a 104% tariff.