President Trump has hinted at delaying auto tariffs, providing some relief to the market after he paused tariffs on certain consumer technology items. However, he insists that there will be "no exceptions" and is moving forward with plans to impose new tariffs on the pharmaceutical and chip industries.

Trump stated that tariffs will soon apply to phones, computers, and other major electronics. Investors are closely watching to see which products and companies might receive temporary exemptions.

"We are looking into Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations," he said.

On Monday, the Trump administration took an important step toward imposing tariffs on semiconductor and drug imports, with the Commerce Department starting an investigation that could lead to these levies.

These developments are part of the ongoing trade conflict between the US and China. China has increased its tariffs on US goods from 84% to 125%, while US tariffs on Chinese goods have risen to 145%. This trade tension has affected investor confidence, even as Trump announced a 90-day pause on heavy tariffs and the EU followed suit with its own pause on retaliatory tariffs.

On Monday, Trump also said he is considering possible exemptions for upcoming tariffs on auto parts, mentioning that car companies need "a little bit of time" to shift to US-made parts.