Opinion: The latest U.S. exemption list once again demonstrates that the bond market is forcing Trump to compromise

BlockBeats News, April 12th, according to The Kobeissi Letter analysis, the United States imports over $60 billion worth of smartphones annually. Today's announced waiver policy covers some of the most critical import products, marking another sign of the U.S. making concessions in the trade war. After all, the bond market is forcing Trump to compromise.

This week, everyone learned about the specific tactics being used to pressure the U.S. in the trade war: selling U.S. Treasury bonds and pushing up bond yields. The bond market is Trump's top concern, and now everyone knows it.

Earlier today, the U.S. announced conditional waivers on "reciprocal tariffs" for products such as smartphones, PCs, servers, semiconductors, etc.