The tariff shock wave hits the pain point of the US government leadership

on the evening of April 11, the U.S. government quietly adjusted its tariff policy, exempting "equivalent tariffs" on electronic products such as smartphones, laptops, and chips. Regarding this shift, Robert Gulotti, a political science professor at the University of Chicago, bluntly stated that this is because 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 underlying logic, stating that exempting tariffs on some electronic products is because the Trump administration has begun to realize the impact of tariffs on reality. #Continued tariff policy may trigger a global financial crisis# He warned that if the impact of tariffs spreads to the bond market, the risk of systemic collapse will increase sharply, potentially triggering a global financial crisis. (CCTV International News)