• New tariffs on smartphones, computers, electronics and cards.
• The trade war has triggered most turbulent markets in five years.
• Senator Warren criticized Trump’s tariff policy as confusing.

U.S. President Donald Trump said on Sunday that he will announce tariffs on imported semiconductors next week, adding that some companies in the industry will have flexibility.

The president’s commitment means that excluding smartphones and computers from their reciprocity tariffs on China may be short-lived as Trump hopes to reset trade in the semiconductor industry.

Trump told reporters on Air Force One that he told reporters when he returned to Washington from his estate in West Palm Beach.

Trump declined to say whether certain products, such as smartphones, may still be exempted, but added: “You have to show some flexibility. No one should be so rigid.”

Earlier in the day, Trump announced a national security trade investigation into the semiconductor sector.

He posted on social media: “We are looking at semiconductors and the entire electronic supply chain in the upcoming national security tariff investigation.”

The White House announced Friday the exclusion of steep reciprocity tariffs, which puts hope that the tech industry may escape the escalating conflict between the two countries, while everyday consumer products such as phones and laptops will remain affordable.

But Trump’s Commerce Secretary Howard Lutnick made it clear earlier Sunday that key technology products from China will face new responsibilities along with semiconductors over the next two months.

Trump’s round-trip tariffs on tariffs last week have triggered the craziest swing since Covid Pandemic in 2020. Since Trump took office on January 20, the benchmark standard and Nord’s 500 index of the benchmark standard & poorer have fallen by more than 10%.

Lutnick said Trump will put “special concern tariffs” on smartphones, computers and other electronic products in one or two months, along with departmental tariffs for semiconductors and drugs. He said the new responsibility will be outside Trump’s so-called reciprocity tariffs, with the imposition of China’s import tax rising to 125% last week.

“He said they are not subject to reciprocity tariffs, but they are included in semiconductor tariffs, which are about a month or two,” Lutnik said in an interview with ABC’s “this week”.

Beijing raised its tariffs on U.S. imports to 125% in its response on Friday. On Sunday, ahead of Lutnick’s comments, China said it was evaluating the impact of exclusions on technical products implemented later on Friday.

China’s Ministry of Commerce said: “The bells on the tiger’s neck can only be bound by people tied up.”

Billionaire investor Bill Ackman, who endorsed Trump’s campaign for president but criticized the tariffs campaign, called on Sunday to suspend China’s wide and steep mutual tariffs for three months, just like Trump did last week with most countries.

If Trump stops China’s tariffs for 90 days and temporarily reduces them to 10%, “he will achieve the same goal that allows U.S. businesses to move their supply chains from China without disruption and risk,” Ackman wrote on X.

“Change every day”

Northmantrader founder and chief market strategist Sven Henrich is very critical of how to deal with the tariffs on Sunday.

Henrich wrote on X: “Emotional Check: The day when Lutnik was fired, the biggest gathering of the year will come on that day. I suggest that the government figure out who controls the information, regardless of how it changes every day.

Democrat U.S. Senator Elizabeth Warren criticized the latest revision of Trump’s tariff plan, and economists warned that economists could curb economic growth and fuel inflation.

“There is no tariff policy, only chaos and corruption,” Warren said ahead of Trump’s latest post on social media.

In a notice to shippers, a new tab opened late Friday, with the U.S. Customs and Border Protection publishing a list of tariff codes that do not include import taxes. It comes in 20 product categories including computers, laptops, disc drives, semiconductor devices, memory chips, and flat panel displays.

White House trade adviser Peter Navarro said in an interview with NBC’s Meet Media that the United States has opened up invitations to negotiations to China, but he criticized China’s links to the deadly fentanyl supply chain and did not include it in the seven entities – the United Nations, the United Kingdom, India, India, Japan, Japan, South Korea, Indonesian and Israelis, which is based on the executive statement, which is based on the EU, Japan, Indian and administrative statement.

Trade Representative Jamieson Greer said in CBS’s Face the Nation that Trump has no plans to talk to Chinese President Xi Jinping’s tariffs, accusing China of causing trade frictions through its own taxes. But he expressed hope for some non-China deals.

“My goal is to get meaningful deals 90 days ago, and I think we’ll be with several countries in the next few weeks,” Greer said.

Ray Dalio, founder of the billionaire world’s largest hedge fund, told NBC’s “Meet the Media” that he fears the U.S. is in a recession due to tariffs, or worse.

“At the moment, we’re at the decision point, very close to a recession,” Dalio said Sunday. “And I’m worried that if I don’t do well, I’ll be worse than a recession.”