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.’”
A new estimate from Yale Budget Lab released Thursday said tariffs will cost households an average of $4,700 annually.
The researchers also said consumers face an overall average effective tariff rate of 25.3%, the highest since 1909.
-ABC News' Zunaira Zaki
Meeting with his Cabinet at the White House, Trump took a moment to defend his economic agenda after tariff confusion and changes.
"We think we're in very good shape. We think we're doing very well. Again there will be a transition cost, transition problems, but in the end it's going to be a beautiful thing," Trump said. "We're doing, again, what we should have done many years ago. We let it get out of control, and we allowed some countries to get very big and very rich at our expense. And I'm not going to let that happen."
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."
