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President Trump announced upcoming tariffs on imported semiconductors, offering some companies flexibility. This follows a national security trade probe and temporarily excludes smartphones and computers from reciprocal tariffs on China. However, Commerce Secretary Lutnick clarified that new duties on electronics, including smartphones and computers, will be implemented within two months. This fluctuating tariff policy has caused market volatility and criticism from economists and investors concerned about potential economic recession. The White House maintains it is open to negotiations with China but excludes it from current talks with other nations.

Prepared by Christopher Adams and reviewed by editorial team.