The tariff shockwave hits the pain points of the U.S. government leadership

ChainCatcher news, according to a report by CCTV International News cited by Jinshi, the U.S. government has quietly adjusted its tariff policy, exempting "reciprocal tariffs" on electronic products such as smartphones, laptops, and chips.

Regarding this shift, Robert Glaeser, a political science professor at the University of Chicago, bluntly stated that the chain reaction triggered by the tariff policy "has touched the pain points of the U.S. government leadership." U.S. economist Jared Bernstein further revealed the deeper logic, indicating that the exemption of tariffs on certain electronic products is because the Trump administration has begun to realize the impact of tariffs on reality.

"The continuation of tariff policies may trigger a global financial crisis," he warned, stating that if the impact of tariffs spreads to the bond market, the risk of systemic collapse would surge, potentially triggering a global financial crisis.