President Trump announced that he would be revealing the tariff rate on imported semiconductors in the coming week, with flexibility for some companies in the sector. This indicates that smartphones and computers may no longer be excluded from reciprocal tariffs on China as Trump aims to prioritize manufacturing in the US. The White House had initially excluded tech products from steep tariffs on Friday but later indicated that separate duties will be imposed on critical technology products from China within the next two months. Trump’s back-and-forth on tariffs caused significant market fluctuations last week. China responded by increasing tariffs on US imports to 125%. Billionaire investor Bill Ackman called on Trump to pause and reduce Chinese tariffs temporarily to avoid disruption. Critics like Senator Elizabeth Warren have expressed concern about the lack of a coherent tariff policy. Despite tensions with China, the US has invited negotiations with other countries and hopes to reach meaningful deals soon. Concerns about a potential recession due to tariffs have been raised by prominent figures like Ray Dalio. Overall, the evolving tariff situation has created uncertainty in the market and global economy.
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