Trump has described the tariffs as "reciprocal," saying the steep toll will correct a grievance he's held for "35 years:" that the U.S. is being "ripped off" by trade imbalances. The president has claimed the tariffs will prompt countries to try to negotiate a deal with the U.

Tariff exemptions on cell phones and other electronic devices are only temporary, Commerce Secretary Howard Lutnick said Sunday, adding to an already confusing situation around the United States' economic policy.