President Trump clarified that smartphones and electronics are not exempt from tariffs on Chinese imports, but merely moved to a different “tariff bucket.”
He plans to launch a national security investigation into semiconductors and the electronics supply chain.
Despite a temporary 90-day exemption announced Friday, Commerce Secretary Lutnick confirmed that critical technology products will face new duties within two months.
The trade tensions have caused significant market volatility, with the S&P 500 down over 10% since Trump took office.
![Why Metals Dominated Every Asset Class in 2025 [and What It Means for 2026]](https://goldsilver.com/wp-content/uploads/2026/01/gold-silver-performance-2025-300x200.jpg)




