Mars Finance News, on April 13, the U.S. government quietly adjusted its tariff policy, exempting electronic products such as smartphones, laptops, and chips from "reciprocal tariffs". Regarding this change, Robert Gulotti, a political science professor at the University of Chicago, directly stated that the chain reaction caused by the tariff policy has "touched the pain points of the U.S. government leadership". American economist Jared Bernstein further revealed its deeper logic, saying that exempting tariffs on some electronic products is because the Trump administration has begun to realize the impact of tariffs on reality. He warned that if the impact of tariffs spreads to the bond market, the risk of systemic collapse will sharply increase, potentially triggering a global financial crisis. (CCTV International News)