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.’”
Trump said he's not considering any tariff exemptions for companies, but left the door open, claiming there is a lot of "flexibility."
"We don't have that situation now. People understand what we are and what we are going to do, but it could happen," he said.
Trump said on Thursday that he thinks he would return to the higher tariff rates he unveiled last week if he doesn't reach a deal with nations affected within the next 90 days.
"If we can't make the deal we want to make or we have to make or that's, you know, good for both parties -- it's got to be good for both parties -- then we go back to where we were," Trump said.
When asked if he would extend the 90-day pause, Trump said, "We'll have to see what happens at the time."
Trump was asked by ABC News' Karen Travers if he had any concerns about reports that China would reduce the number of U.S.-produced films to play in their theaters.
"I think I've heard of worse things," Trump responded, prompting laughter from his Cabinet.
Trump was asked to respond to U.S. stocks plunging on Thursday, wiping out half of the previous day's rally.
"I haven't seen it because I've been in here for two and a half hours," Trump said.
He then asked Treasury Secretary Scott Bessent to weigh in. Bessent said once deals are worked out with nations, we will end up in a place of certainty but thought there was positive news with the inflation report and oil prices.
"I don't see anything unusual today," Bessent said.
