The U.S. government has implemented changes to its tariff policy, exempting electronic devices like smartphones, laptops, and chips from reciprocal tariffs. This adjustment is detailed by BlockBeats. Professor Robert Gulotti of the University of Chicago suggests this move reflects a critical turning point within U.S. leadership following the effects of the existing tariff policies. Economist Jared Bernstein argues that the exemption for these electronics signifies the Trump administration’s growing awareness of the real-world consequences of tariffs. However, he warns that if these tariffs affect the bond market, there could be a significant increase in systemic risk and potentially even a global financial crisis.