U.S. Commerce Secretary Howard Lutnick announced that smartphones, computers, and other electronics that were exempted from steep tariffs on imports from China will face separate new duties within the next two months. This marks the latest twist in President Donald Trump's tariff plans, which have caused volatility in global markets. Lutnick's comments suggest that the new levies will target critical technology products and semiconductors. The trade war with China has prompted the most volatile markets in five years, and Trump's tariff policy has been criticized as chaotic by U.S. Senator Elizabeth Warren.