The escalating trade war between the U.S. and China is continuing to inject uncertainty into the world's two largest economies.

Over the weekend, President Donald Trump and his top trade officials added to the confusion by carving out new exemptions for tariffs on electronic products.

In the Oval Office today, reporters pressed President Trump on where this

tumultuous trade war is heading.

Look, I'm a very flexible person.

I don't change my mind, but I'm flexible.

The president declined to specify what products might be exempt from future tariffs.

I don't want to hurt anybody, but the end result is we're going to get to the position

of greatness for our country.

This morning, Wall Street opened on a high note, markets reacting positively to the weekend

announcement of exemptions for smartphones, computers, and other tech carved out of the Trump

administration's sweeping global tariffs.

But those celebrations may be brief as U.S. trade policy continues to swing back and forth.

On Sunday, the president told reporters on Air Force One that there could be tariffs coming on iPhones.

Well, that's going to be announced very soon, and we'll be discussing it, but we'll also talk to companies.

But yesterday, Commerce Secretary Howard Lutnik was definitive that new tariffs are coming

for tech products made with semiconductor chips.

These are included in the semiconductor tariffs that are coming and the pharmaceuticals are coming.

Those two areas are coming in the next month or two. So this is not like a permanent sort of

exemption. All of this after a dramatic week for Wall Street. On April 2nd, President Trump

announced massive tariffs on most of the world. My fellow Americans, this is Liberation Day.

A week later, he walked back most of them, saying he'd begin a 90-day negotiation period.

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