On April 13, the U.S. government suddenly implemented tariff exemptions on electronic products such as smartphones and chips, revealing a deep-seated crisis behind this policy shift. University of Chicago political science professor Guarino pointed out that the chain reaction caused by tariffs has directly impacted U.S. government decision-making, forcing the White House to adjust its strategy.
Economist Bernstein reveals the core driving force behind the policy shift: the Trump team has begun to realize that the weapon of tariffs is backfiring on the U.S. economy. He warned that if the current exemption scope cannot effectively prevent the ripple effects of tariffs from spreading to the bond market, it could trigger a systemic risk collapse, which could evolve into a global financial crisis. This policy adjustment is seen as a signal from Washington attempting to brake urgently in the quagmire of the trade war, but whether it can prevent the domino effect on the economy remains to be seen.
