President Trump announced plans to implement new tariffs on imported semiconductors within the next week, signaling flexibility for certain companies in the sector. The move follows Friday's exclusion of smartphones and computers from reciprocal China tariffs, which Commerce Secretary Howard Lutnick clarified would face separate duties alongside semiconductors within two months. Trump initiated a national security trade probe into the semiconductor sector, emphasizing his administration's goal to boost domestic chip production. The news triggered significant market volatility, with the S&P 500 dropping over 10% since Trump took office on January 20.