Trump warns exemptions on smartphones, electronics will be short-lived, promises future tariffs

"We will not be held hostage by other Countries, especially hostile trading Nations like China," he added. The White House had announced on Friday the exclusion of some electronic products from steep reciprocal tariffs on China. US stock markets were expected to stage a recovery after the announcement. Shares in Apple and chip maker Nvidia were on course to soar after tariffs on their products imported into the US were lifted for 90 days. However, Trump's commerce secretary, Howard Lutnick, said on Sunday t ...