U.S. Yields Influence Trade Policy: Exemptions on Key Imports Signal Concessions

The United States has granted conditional exemptions on tariffs for critical imported products, including smartphones, PCs, servers, and semiconductors. This action signifies a significant concession in the ongoing trade war, reflecting the pressures exerted by the bond market. 2023 saw over $60 billion worth of smartphones imported annually to the US, with these exemptions covering some of the most vital import categories. Analysts from The Kobeissi Letter suggest this policy adjustment signals a strategic shift by the U.S. in response to economic pressures.