Trump will explain tariffs on electronics on Monday

The administration announced late Friday that some electronics were exempt.

ByDavid Brennan, Alexandra Hutzler, and Ivan Pereira
Last Updated: April 13, 2025, 11:43 PM EDT

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.’”

Latest headlines:

Here's how the news is developing.
Apr 09, 2025, 10:14 AM EDT

Trump works to quell nerves as stocks open mixed

With stocks mixed at the start of trading on Wednesday as Trump's trade war intensified, the president posted on his social media platform that "everything is going to work out well."

"BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!," Trump wrote in a post Wednesday morning.

President Donald Trump attends the National Republican Congressional Committee dinner in Washington, April 8, 2025.
Nathan Howard/Reuters

The Dow Jones Industrial Average opened down 315 points, or 0.8%, while the S&P 500 fell 0.4%. The tech-heavy Nasdaq ticked up 0.03%.

Apr 09, 2025, 9:36 AM EDT

European Union countries vote to introduce countermeasures to Trump tariffs

European Union countries have backed the European Commission’s proposal to push back on President Donald Trump’s tariffs on steel and aluminum with a set of countermeasures.

A furnace belches a cloud of steam at the Thyssenkrupp steel mill, April 8, 2025 in Duisburg, Germany.
Sean Gallup/Getty Images

“Today's vote of approval by Member States means that —once the Commission's internal procedures are concluded, and the implementing act published — countermeasures will enter into force. Duties will start being collected as of 15 April,” it added.

Apr 09, 2025, 9:21 AM EDT

Sec. Bessent says China's 84% tariff escalation 'is a loser for them'

Treasury Sec. Scott Bessent is responding to China's increased 84% tariff on U.S. goods, saying it's "unfortunate that the Chinese actually don't want to come and negotiate."

"They are the worst offenders in the international trading system," he said during an interview on Fox Business. "This escalation is a loser for them."

Asked if the U.S. will be impacted negatively first, Bessent said, "no one wins in a war, but its proportionality, and the proportionality for the Chinese is going to be much worse."

Treasury Secretary Scott Bessent speaks at American Bankers Association's summit in Washington, April 9, 2025.
Brendan Smialowski/AFP via Getty Images

Bessent also told Fox that a meeting with Vietnam officials is happening on Wednesday and a delegation from Japan will be "coming soon."

-ABC News' Justin Gomez and Michelle Stoddart

Apr 09, 2025, 9:19 AM EDT

Trump says it a 'GREAT time' for businesses to move to US after tariffs take effect

In President Donald Trump's first posts on his conservative social media platform since the 104% tariffs on Chinese imports went into effect, Trump didn't mention those new duties explicitly, only saying that companies should manufacture in America.

"This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing," Trump wrote in a post.

He encouraged companies by saying they'd pay "ZERO TARIFFS." He added, "DON'T WAIT, DO IT NOW!"

-ABC News' Michelle Stoddart

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