The administration announced late Friday that some electronics were exempt.
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.’”
President Donald Trump raised the tariffs on all Chinese exports to 125% on Wednesday, after Beijing's latest round of retaliation.
That new tariff comes in addition to the 20% fentanyl-related tariffs that the president placed on China in early February, which brings the total Trump tariff rate on China to a whopping 145%, according to the White House.
-ABC News' Mary Bruce
European Commission President Ursula von der Leyen said Thursday that the European Union would pause planned counter-tariffs on U.S. goods for 90 days, mirroring President Donald Trump's decision to hold off on sweeping tariffs against most American trading partners.
"We took note of the announcement by President Trump," von der Leyen wrote in a post to X. "We want to give negotiations a chance."
"If negotiations are not satisfactory, our countermeasures will kick in," she wrote. "Preparatory work on further countermeasures continues. As I have said before, all options remain on the table."
The U.S. is wielding "tariffs as a weapon to exert maximum pressure and seek selfish gains," Chinese Foreign Ministry spokesperson Lin Jian told reporters at a Thursday briefing, after President Donald Trump raised tariffs on Chinese imports to 125%.
"This move is against the whole world," Lin said following Trump's latest measure, which came despite his surprise decision to pause planned tariffs on other American trade partners for 90 days.
Trump said China had shown a "lack of respect" by retaliating to his tariffs campaign. On Wednesday, Beijing announced it would increase tariffs on all U.S. goods to 84%.
Lin said Thursday that Beijing's response would safeguard the Chinese economy and uphold "the common interests of the international community."
Trump's tariffs policy, he added, does not have international backing and "will end in failure. Let me stress that tariffs and trade wars have no winners. China does not want to fight them but will not fear when they come our way."
"The U.S. has put its own interests over the public interests of the international community," Lin said. "This will meet with stronger opposition from the international community."
-ABC News' Karson Yiu
Key stock markets in Asia and Europe surged in Thursday trading, reacting to President Donald Trump's 90-day pause of most planned tariffs on American trade partners.
In Japan, the Nikkei 225 was up 9% and the broader TOPIX index was up 8%. South Korea's Kospi was up nearly 6%. Taiwan's Taiex index jumped 9.25% and Australia's ASX 200 rose 4.6%.
Key Chinese markets were also in the green, despite Trump's decision to raise tariffs on Chinese goods to a cumulative total of 125%. Hong Kong's Hang Seng Index climbed 3%, the Shanghai Composite Index jumped 1.29% and the Shenzhen Component Index rose 2.7%.
In Europe, Britain's FTSE 100 climbed 6%, France's CAC 40 6.4%, Germany's DAX 8%, Italy's FTSE MIB 7.5% and Spain's IBEX 7.2%.
