$BTC Theo BlockBeats, the United States government has quietly adjusted its tariff policy, exempting products such as smartphones, laptops, and chips from retaliatory tariffs. Robert Gulotti, a political science professor at the University of Chicago, stated that this change is due to a chain reaction caused by the tariff policy, which has reached a critical point for U.S. government leadership. Economist Jared Bernstein explains that the exemption of certain electronic products indicates that the Trump administration is beginning to recognize the actual impact of tariffs. He warns that if the impact of tariffs spreads to the bond market, the risk of a system collapse could increase significantly, potentially triggering a global financial crisis.