According to BlockBeats, the U.S. government has quietly revised its tariff policy, exempting electronic products such as smartphones, laptops, and chips from reciprocal tariffs. Robert Gulati, a political science professor at the University of Chicago, stated that this shift is due to the sequential interactions created by the tariff policy, which has reached a critical point for the U.S. government leadership. Economist Jared Bernstein explained that exempting some electronic products from tariffs indicates that the Trump administration is beginning to recognize the actual impact of tariffs. He warned that if the effects of tariffs extend to the bond market, the risk of systemic collapse could sharply increase, potentially igniting a global financial crisis.