You will be given 3 chances to pull up your cGPA to >2.0 for 3 semesters before you face any real threat of termination. You can probably use your freshmen grade exemption (up to 6 courses) to delay this process so that your cGPA will not be counted for this semester. Do note that the grade exemption only applies to courses that you FAIL on the first attempt, meaning that a D will be recognised as a PASS and registered into your GPA.
Don't worry too much for now, and believe in the bell curve god.