Trade adviser Peter Navarro said carve-outs for smartphones and other tech products weren't really exclusions from sky-high tariffs on Chinese imports.

U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.

President Donald Trump on Thursday said he would return to the higher tariff rates announced last week if he can't reach a deal with trading partners during the 90-day pause he announced on Wednesday.