According to ChainCatcher, based on The Kobeissi Letter's analysis, the United States imports over $60 billion worth of smartphones annually. The exemption policy announced today covers some of the most important imported products, which is another sign of the United States making concessions in the trade war. After all, the bond market is forcing Trump to compromise.
This week, everyone understood the specific method of pressuring the United States in the trade war: selling U.S. Treasury bonds and pushing up bond yields. The bond market is Trump's top priority, and now everyone knows this.
ChainCatcher previously reported that the United States has conditional exemptions from "reciprocal tariffs" for products such as mobile phones, PCs, servers, and semiconductors.
