Stock futures rose today after a temporary reprieve from some tariffs on high-tech electronic imports, many of which come from China, by the Trump administration.

Dow futures were up 0.5%, or 212 points. The S&P 500 futures rose 0.75%, while the tech-heavy Nasdaq Composite futures gained 1.26%, as of 6:18 p.m. ET.

While the Trump administration on Friday exempted electronic imports from reciprocal tariffs, any of those goods manufactured in China — like computers, phones and semiconductors — would still be subject to the 20% tariff Trump previously imposed on Chinese goods.

The gains come after stocks have seesawed wildly in recent days, as President Donald Trump has levied massive tariffs on US trading partners, then backed off many of those import taxes. Still, confusion about how permanent some tariff moves could be has stoked uncertainty among investors and kept stocks, the dollar and even US Treasuries under pressure.

Tech giants like Apple, Microsoft and Nvidia rely on Chinese manufacturing, and the reciprocal tariffs would have made goods like iPhones and other consumer products more expensive.

Commerce Secretary Howard Lutnick said earlier today that the exemption was “not permanent.”Other administration officials said another slate of tariffs could be imposed after an investigation into the national security effects of semiconductor imports.

President Donald Trump attempted to clarify the status of US tariffs on high-tech products from China after a weekend of confusion that added new uncertainty to his plan for global trade.

“NOBODY is getting ‘off the hook’ for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!” Trump wrote on Truth Social today.

How we got here: On Friday evening, Customs and Border Protection issued a rule sparing certain high-tech items, including smartphones, laptops and hard drives, from Trump’s “reciprocal” tariffs. Many of those items come from China.

The exclusions prompted sighs of relief from the technology industry and led to expectations of a tech stock rally when markets opened.

But in appearances on news shows today, top Trump officials insisted the reprieve was both temporary and part of the existing plan to review the national security implications of importing semiconductors, the chips that power many consumer electronics, before applying electronic-specific tariffs.

The president wrote on Truth Social that his administration is “taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.” He reiterated that more products should be made in the US and that “we will not be held hostage by other Countries.”

Stephen Miller, the White House deputy chief of staff, said today that there are “no exemptions” on products like semiconductors and other electronics from China, but a more detailed list of how tariffs will be applied needs to be published.

“When the tariff rate went up to the full rate of 125%, on top of the 20%, it was necessary to publish a more detailed list from Customs and Border Protection, explaining the rates and how they’re applied. There are no exemptions. Everyone pays at least the 20% and these particular components have been put through a separate process controlled by the Department of Commerce, which is the 232,” Miller said on Fox News’ “Sunday Morning Futures with Maria Bartiromo.”

President Donald Trump’s continued application of Section 232 of the Trade Expansion Act of 1962 (what used to be a rarely employed trade provision) allows a president to impose tariffs if there are potential national security threats.

Miller said that was “always the plan,” due to how essential those products are to the country’s national security.

He also weighed in on Trump’s evolving trade war with Beijing.

“There are many things that are essential to China’s security that they need from the United States, so China would be very wise to pursue the path of de-escalation,” he said.

CNN’s Alicia Wallace contributed to this report.

Secretary of State Marco Rubio said 10 more alleged members of international gangs arrived in El Salvador last night, where the Trump administration has been deporting people it says are criminals.

“Last night, another 10 criminals from the MS-13 and Tren de Aragua Foreign Terrorist Organizations arrived in El Salvador,” Rubio wrote in a post on X today.

The top US diplomat hailed the alliance between President Donald Trump and Salvadoran President Nayib Bukele, who are scheduled to meet Monday at the White House, as an “example for security and prosperity in our hemisphere.”

Some context: The Trump administration has deported hundreds of migrants it says are gang members while refusing to reveal their identities or the evidence against them, prompting complaints and legal challenges from the migrants’ families and from critics who say the administration is trampling on civil liberties.

Two US officials told CNN last week that the administration was preparing to send more immigrants with criminal records to El Salvador’s notorious mega-prison on the heels of a Supreme Court order allowing the use for now of a sweeping wartime authority for deportations.

This weekend has once again been dominated by news on President Donald Trump’s back-and-forth tariffs.

The revelation late Friday that key electronics, including smartphones and semiconductors, would be exempt from Trump’s “reciprocal” tariffs spurred optimism for the US tech sector.

But Commerce Secretary Howard Lutnick added another wrinkle today by indicating the exemptions will be temporary, telling “ABC This Week” targeted new tariffs will apply to electronics in the months to come.

Administration officials have been mixed on how to describe the exemptions today, but emphasized that the administration will study the national security implications of semiconductor imports before potentially imposing electronic-specific tariffs.

Here’s what we heard from other Trump officials:

• Kevin Hassett: At least 130 countries are negotiating potential trade deals with the US following Trump’s 90-day pause on the “reciprocal” tariffs, the National Economic Council director told CNN on “State of the Union.” He said talks with Beijing, meanwhile, are in the very early stages, “if at all.”

• Peter Navarro: The White House senior trade adviser did not say whether there have been new talks in the deepening trade war with China, though he added in an appearance on NBC’s “Meet the Press” that there’s an open invitation and Trump has a “good relationship” with Chinese leader Xi Jinping.

Meanwhile, criticism and concern: Democratic Sen. Elizabeth Warren slammed Trump’s “red light-green light” approach to tariffs. “Nobody can figure out what the rules will be five days from now, much less five years from now,” Warren said on “State of the Union.”

The progressive lawmaker is also among the Democrats calling for a probe into whether Trump intentionally manipulated financial markets around his tariff pause. Lawmakers have not yet provided evidence to back up their suspicions.

Former Treasury Secretary Larry Summers said on CNN’s “Fareed Zakaria GPS” that the tariff policy is “the worst self-inflicted wound through economic policy” since World War II.

And billionaire investor Ray Dalio told “Meet the Press” the US is “very close to a recession.” Dalio called Trump’s trade policies “very disruptive” so far, though he acknowledged it “could be part of a process.”

Democrats ramped up their calls today for an investigation into whether President Donald Trump intentionally manipulated the market when he told Americans to invest right before announcing a 90-day pause on tariffs.

“There’s enough smoke here that should demand congressional hearings,” New Jersey Sen. Cory Booker said on NBC’s “Meet the Press” today.

Massachusetts Sen. Elizabeth Warren, pressed by CNN’s Jake Tapper on “State of the Union” on whether she’s seen evidence of insider trading after she called on the Securities and Exchange Commission to investigate the issue, said “that’s what investigations are for.”

“It’s entirely appropriate to have an investigation to make sure that Donald Trump, Donald Trump’s family, Donald Trump’s inner circle, didn’t get advanced information and trade on that information,” she said, pointing to her own bill banning trade on individual stocks for members of Congress, which she said has bipartisan support.

National Economic Council Director Kevin Hassett earlier this week pushed back against suggestions that Trump engaged in market manipulation, telling reporters at the White House Thursday, “I don’t think that he ever had any other intent other than to get people to the table with serious policies.”

That same day, Democratic Sens. Adam Schiff and Ruben Gallego sent a letter to White House Chief of Staff Susie Wiles and US Office of Government Ethics Acting Director Jamieson Greer requesting “an urgent inquiry into whether President Trump, his family, or other members of the administration” engaged in any illegal transactions “informed by advanced knowledge of non-public information regarding his changes to tariff policy.”

President Donald Trump brushed off concerns today about human rights abuses in the infamous prison where a mistakenly deported Maryland man is being held in El Salvador.

Trump told reporters on Air Force One overnight that the prison holds “some of the worst people on earth.”

Asked about his message for the Central American country’s strongman President Nayib Bukele and if he’s concerned about abuses in the prison, Trump said, “No, I think he’s doing a fantastic job.” Trump is set to meet with Bukele on Monday at the White House.

“He’s taking care of a lot of problems that we have that we really wouldn’t be able to take care of, from a cost standpoint,” Trump said of the Salvadoran leader.

Pressed again on claims of human rights abuses, he responded, “I don’t see it.”

Maryland man remains imprisoned there: Trump’s comments come as outcry grows over the continued imprisonment of Kilmar Abrego Garcia in El Salvador’s massive CECOT facility.

Abrego Garcia was granted protected status by an immigration judge in 2019 that prohibited the federal government from sending him to El Salvador, which his attorneys say he fled due to gang violence more than a decade ago.

The Trump administration said in a filing yesterday that Abrego Garcia is “alive and secure” at CECOT, but did not include an update on the administration’s efforts to bring the man back to the US, as it has been ordered to do by a judge.

Democratic Gov. JB Pritzker of Illinois told “Fox News Sunday” farmers in his state will feel the effects of President Donald Trump’s sweeping tariffs if other nations retaliate with their own levies on US exports.

“We’re the number one grower of soybeans. We sell about 60% of our soybeans to foreign buyers, but their response to those tariffs is going to hinder those sales,” Pritzker said.

The governor said targeted tariffs can be “good trade policy” but that Trump’s sweeping tariffs create “uncertainty that is causing, frankly, businesses across the board and especially farmers a lot of heartache.”

“He’s put massive tariffs across the board,” Pritzker said. “That’s going to affect not only the cost for average working families going to the grocery store, but it’s also going to affect the sales of crops that we grow in the state of Illinois and across the United States.”

Pritzker recently visited farms in his state as part of his Standing Up for Illinois Tour, a tour that focuses on the “Trump Administration’s extreme agenda” according to a news release.

Go deeper: Farmers are still struggling with the fallout from a trade war during Trump’s first term. Now they’re staring down another escalating economic feud with Beijing, which could once again turn away from the US as a key source of its agricultural imports.

President Donald Trump’s approval ratings for handling the economy and inflation have dropped, according to a new poll from CBS News, as a broad majority expects at least short-term price increases and economic harm from his tariff policies.

Here are a few key takeaways:

• The economy and inflation: All told, 44% approve and 56% disapprove of Trump’s handling of the economy, while only 40% approve and 60% disapprove on his handling of inflation. His approval numbers for both measures are down four points since late March.

• Overall approval rating: This metric now stands at 47% in the CBS poll, down from 50% in March.

• Who’s responsible? A majority, 54% see Trump’s policies as more responsible for the state of the economy than former President Joe Biden’s policies, with 21% saying Biden is more responsible and 20% that both bear equal responsibility.

• State of the economy: A little over half (53%) say the economy is currently getting worse, and most see its current state as poor (59%).

• Impact on Americans: About half of respondents, 49%, said Trump’s policies are making them financially worse off, more than double the 21% who say their finances are benefitting from his policies. The rest, 30%, say his policies are not impacting them financially.

The CBS News poll was conducted online among 2,410 adults nationwide and has a margin of sampling error of plus or minus 2.4 percentage points.

Commerce Secretary Howard Lutnick says the tariff exemption on a wide range of electronics, including semiconductors and smartphones, will be temporary.

Tariffs targeting specific business sectors will be imposed in the next couple months on certain products key to national security, which will be “not available for negotiation,” Lutnick said today on “ABC This Week.”

“Those products are going to be part of the semiconductor sectoral tariffs, which are coming,” the commerce secretary said, referring to the electronics covered by the exemption.

Pressed why the administration made the move to exempt certain electronics from the reciprocal tariffs, Lutnick said the exemption will be temporary.

Lutnick, who earlier this week said he had not been engaging with Chinese officials directly, said he believes Trump and Chinese leader Xi Jinping “will work this out” and Trump will secure a good result for the US.

Democratic Sen. Elizabeth Warren says President Donald Trump’s tariff strategy could have lasting and devastating impacts on Americans and urged her party to “tell the truth” about the economic pain inflicted by the president’s policies.

Though Warren called targeted tariffs an “important tool in the toolbox,” she told CNN’s Jake Tapper that Trump’s implementation of the policies has caused too much turmoil.

“Nobody can figure out what the rules will be five days from now, much less five years from now,” Warren said.

The Massachusetts senator also characterized an exemption for electronics imported to the US as a “special deal” for Trump’s tech CEO political donors.

Insider trading probe: Warren has called on the Securities and Exchange Commission to investigate whether Trump intentionally manipulated the market in favor of his allies when he told Americans to invest right before announcing a 90-day pause on tariffs.

Pressed on if she’s seen any evidence of insider trading, Warren said people are looking into the stock purchases at that time and “that’s what investigations are for.”

National Economic Council Director Kevin Hassett has pushed back against suggestions that Trump engaged in market manipulation.

President Donald Trump is “fully fit” to perform the duties of the presidency, the White House physician said in a memo released this morning following Trump’s yearly physical.

The note from Dr. Sean Barbabella, which included details of laboratory work, physical examinations and a cognitive test, concluded that Trump remains in “excellent health.”

Trump weighs 224 pounds and is 75 inches tall, the note reports. His resting heart rate is 62 beats per minute, and his blood pressure is 128/74 mmHg.

Trump scored 30 out of 30 on a Montreal Cognitive Assessment exam, the note said.

Exams of Trump’s various bodily systems came back normal, including of his eyes, head, ears, nose and throat. The physician noted scarring on Trump’s right ear derived from the attempt on his life in Pennsylvania last year.

Barbabella said a colonoscopy last summer revealed the president had diverticulitis, an inflammation caused when people develop small sacs in the walls of the colon. The sacs or pouches are called diverticuli. It’s usually symptomless, but can cause discomfort and, sometimes, bleeding.

“President Trump exhibits excellent cognitive and physical health and is fully fit to execute the duties of the Commander-in-Chief and Health of State,” the memo concludes.

The US special presidential envoy for Ukraine said Russia’s deadliest attack on the country this year highlights “why President Trump is working hard to end this war.”

Russian strikes hit the city of Sumy, in Ukraine’s northeast, today as residents observed Palm Sunday. The attacks killed at least 32 people — including two children — and injured nearly 100, according to Ukraine’s interior ministry.

US Secretary of State Marco Rubio described the strikes as “horrifying” in a statement that echoed Kellogg’s comments about the US efforts to resolve the war.

Some background: In recent months, the relationship between the US and Ukraine has stood on wobbly footing as President Donald Trump has tried to broker a minerals deal and ceasefire agreement in the region.

Trump temporarily withheld military aid and paused intelligence sharing after a spat with Ukrainian President Volodymyr Zelensky in February over the minerals deal. But both were reinstated shortly after Ukraine agreed in principle to a US ceasefire proposal.

Russian President Vladimir Putin did not accept that US-proposed ceasefire deal, however, and Trump on Friday urged Moscow to “get moving” on ending the war.

“Too many people are DYING, thousands a week, in a terrible and senseless war – A war that should have never happened, and wouldn’t have happened, if I were President!!!” Trump wrote.

This post has been updated to reflect Rubio’s statement.

China says the United States’ decision to exempt smartphones and other electronic goods from President Donald Trump’s sweeping tariffs is a “small step” in correcting a misguided policy.

A spokesperson for the Chinese Ministry of Commerce told reporters in Beijing today that the exemption represents a “small step (by) the US to correct its unilateral ‘reciprocal tariff’ erroneous practice.”

How we got here: On Wednesday, Trump announced he would pause the introduction of his reciprocal tariffs on all trading partners except China, which now has a 145% levy slapped on its goods. Beijing has retaliated by putting a 125% tariff on American imports into its market.

But the Trump administration announced late Friday that some electronic goods imported into the country will be exempt from reciprocal tariffs, including from China. That would provide a huge relief to US tech giants like Apple.

Smartphones, computer monitors and various electronic parts are among the exempted products.

If you missed news of the exemption yesterday, here’s what to know.

Coachella festivalgoers were in for a surprise act yesterday evening: Sen. Bernie Sanders.

Rep. Maxwell Frost, the youngest member of Congress, introduced Sanders as the “opener” for musical artist Clairo.

Sanders laid out the stakes of the political moment, telling the young crowd, “This country faces some very difficult challenges, and the future of what happens to America is dependent upon your generation.”

The independent senator, who caucuses with Democrats and ran in the Democratic presidential primaries in 2016 and 2020, stuck to many common themes of his political speeches, including health care and climate change, calling President Donald Trump “dangerously wrong” on environmental issues.

Sanders praised singer-songwriter Clairo not just for her music career, but for using her platform to stand up for women’s reproductive rights and speak out against the war in Gaza.

This comes as Sanders continues his nationwide “Fighting Oligarchy” tour with Rep. Alexandria Ocasio-Cortez. The pair held a rally in Los Angeles featuring performances by Neil Young, Joan Baez and Maggie Rogers yesterday before Sanders’ surprise trip to the desert.

President Donald Trump took in multiple fights at UFC 314 in Miami last night, including a matchup between controversial athlete Bryce Mitchell and Jean Silva.

In a long, rambling podcast in January, Mitchell — a 30-year-old UFC featherweight star —called Adolf Hitler a “good guy” and made a series of homophobic and antisemitic remarks explaining his beliefs that Hitler was actually fighting for Germany’s people.

UFC CEO Dana White, Mitchell’s boss, unequivocally condemned his comments.

“That’s the problem with the internet and social media. You provide a platform for a lot of dumb and ignorant people,” White said at the time. “That’s the beautiful thing about this business: For all of you that hate Bryce Mitchell, you get to see him hopefully get his a** whooped on global television.”

That’s what ultimately unfolded on Saturday. The president, seated ringside at The Octagon, congratulated Silva on his win.

More on Trump’s trip: The president arrived to raucous applause from an expectedly friendly crowd at the Kaseya Center in Miami, participating in the “walkout” traditionally reserved for athletes as he became the first sitting president to attend a UFC event. He was joined by Elon Musk and top administration officials for the fights.

Trump’s attendance underscored the way his ties to combat sports and the surrounding “manosphere” helped him appeal to young men in the 2024 election.

Welcome to today’s live coverage of President Donald Trump’s presidency.

Trump’s trade war is top of mind for US investors and consumers as we enter a new week, while we’ve also seen notable developments in the president’s immigration crackdown, talks with Iran and other top policy priorities.

Get up to speed by clicking on the links below:

• Trump’s trade war could hurt farmers who voted for him: Farmers, many of whom live in states that went for Trump in the 2024 election, are still struggling with the fallout from a trade war during his first term. Now they’re staring down another escalating economic feud with Beijing.

• High-profile immigration cases: A judge has ruled that Columbia University graduate and pro-Palestinian activist Mahmoud Khalil, a legal permanent resident, can be deported. But the legal battle against his detention and deportation is far from over. Meanwhile, a Maryland father who the Trump administration mistakenly deported, Kilmar Armando Abrego Garcia, remains in an El Salvador mega-prison.

• Funding Trump’s agenda: Republican leaders have their work cut out for them in keeping unruly members unified on the plan to fund Trump’s legislative agenda in Congress.

• Entering the “manosphere”: CNN correspondent Donie O’Sullivan spent the last few months in the so-called manosphere, observing a male-dominated culture surrounding UFC fights and podcast bros, to better understand a phenomenon that helped propel Trump into office. Subscribers can read the essay at the link above. Watch a portion of O’Sullivan’s report here.

• DOGE gets more Treasury access: A judge has relaxed the ban on Elon Musk’s Department of Government Efficiency preventing it from accessing sensitive Treasury Department information related to millions of Americans.

Delegations from Iran and the United States will meet again this week after wrapping up “constructive” nuclear talks yesterday that included the first direct contact between a Trump administration and Iranian official.

The talks, held in the Gulf Arab nation of Oman, came with the backdrop of US President Donald Trump’s fiery rhetoric toward Tehran and heightened fears that conflicts could deepen in the Middle East.

Trump has threatened Iran with bombing if it does not agree to a new nuclear pact and has given Tehran a two-month deadline to accept a deal that would lead to it shrinking its nuclear footprint or eliminating its program altogether.

So far, each side is publicly projecting optimism.

Here’s where things stand after yesterday’s talks:

What the US said: The White House cast the talks as a step in the right direction, saying “direct communication” between Trump’s Middle East envoy Steve Witkoff and Iran’s Foreign Minister Abbas Araghchi, who spoke primarily through Omani mediators, was “very positive and constructive.”

What Iran said: Araghchi similarly described the talks as “constructive,” telling state media, the first round of talks “got very close” to reaching a framework for negotiations.

“The atmosphere in today’s meeting was such that it ensured continuity and progress,” Araghchi told state broadcaster IRIB. He described a brief, parting interaction with Witkoff where the two spoke directly as a pleasant formality.

The two sides will meet again: Iranian and US officials said they plan to meet again Saturday to resume discussions. That meeting is likely to take place in Europe, a source familiar with the plans told CNN.

A bit of insight on the timeline: A source familiar with the meeting told CNN there is a belief the Trump administration wants to move fast, and Witkoff wants to make a political decision to green-light a deal without diving into highly technical details that could slow things down.