Trump exempted many tech products from reciprocal tariffs, spurring a tech stock rally, but warned more-targeted duties are in the works. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Shares in European tech stocks rose on Monday after the U.S. granted exclusions from tariffs for smartphones, computers and some other electronics imported largely from China. "We believe that the removal of the worst-case scenario is an element of support (at least temporarily) for the sector,

U.S. stocks closed higher on Monday following the White House announcement that key consumer electronics would be temporarily exempted from tariffs.

The Trump administration on April 1 opened new investigations that could result in tariffs on pharmaceutical products and semiconductors, the Commerce Department said in documents published on Monday.

Trump has defended his tariff strategy as a way to restore U.S. manufacturing and push trading partners to eliminate what he calls unfair barriers to American goods. Why It Matter