On April 12, according to The Kobeissi Letter, the United States imports more than $60 billion of smartphones every year. The waivers announced today cover some of the most important imports, another sign that the United States is making concessions in the trade war. After all, the bond market is forcing Trump to make concessions.
This week, everyone learned about the specific way to pressure the United States in the trade war: selling U.S. Treasury bonds and pushing up Treasury yields. The bond market is Trump's top priority, and now everyone knows that. Earlier today, it was reported that the United States announced conditional exemptions from reciprocal tariffs on products such as mobile phones/PCs/servers/semiconductors.
Opinion: The latest US exemption list is another proof that the bond market is forcing Trump to concede
2025-04-12 13:17:09
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