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.

Trump paused most of his tariffs for 90 days—with China the big exception—amid sharp losses in the markets and fears of a recession.

White House Press Secretary Karoline Leavitt is warning countries who retaliate against President Trump's tariffs that he "has a spine of steel and he will not break."