According to BlockBeats, the United States has announced conditional exemptions on tariffs for key imported products, including smartphones, PCs, servers, and semiconductors. This move is seen as a significant concession in the ongoing trade war, reflecting the pressures exerted by the bond market.
The U.S. imports over $60 billion worth of smartphones annually, and the newly announced exemptions cover some of the most critical import categories. Analysts from The Kobeissi Letter suggest that these policy adjustments indicate a strategic shift by the U.S. in response to economic pressures.
The bond market has become a focal point for U.S. President Donald Trump, as it influences the country's economic strategies. Recent developments have highlighted the methods used to exert pressure on the U.S. during the trade conflict, notably through the sale of U.S. Treasury bonds, which has led to increased yields.
These exemptions are perceived as a response to the bond market's influence, underscoring its role in shaping U.S. trade policies. The decision marks another step in the U.S.'s approach to managing the trade war dynamics.