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Trump officials adjusted their position a little more than one day after the White House announced an exemption from "reciprocal" tariffs for semiconductors and tech products.

While substantial confusion remains over the White House's trade objectives, a clearer picture is starting to emerge of what tariff negotiations could look like.

Many U.S. manufacturers say their optimism for growth helped by tariffs has been eclipsed by growing concerns about economic turmoil.

The announcement comes after Beijing responded to President Trump's escalating trade war with a 125 percent tariff on all U.S. goods early Friday.

Tariff costs are already spreading across the United States.

Prosecutors intend to move forward with their case against two former executives at the voting machine company Smartmatic, which became a target of conspiracy theorists during the 2020 election.

After several days of sharp swings, U.S. stock markets were subdued Friday as China signaled that it wouldn't increase tariffs on U.S. goods beyond 125 percent.

President Trump's tariffs on China could raise the costs of groceries, clothing, electronics and various other products, analysts say.

As far as financial priorities go, you'd be better served paying down credit cards or building up your emergency fund.

Japan's Nikkei 225 and Topix, South Korea's Kospi and Australia's ASX 200 all fell during early trading.