According to CNN, after the United States announced an exemption from the "reciprocal tariff" on some electronic products, White House spokesperson Caroline Levitt said on April 12: "President Trump has clearly stated that the United States cannot rely on China to produce key technology products such as semiconductors, chips, smartphones, and laptops."
Just a few days after the announcement of the "reciprocal tariff," Trump first suspended the imposition of additional tariffs on some countries and regions for 90 days. Now he has excluded electronics from the scope of the "reciprocal tariff," which is already his second embarrassing retreat. This fully shows that his radical policies have backfired. Take Apple Inc. as an example; since Trump implemented the reciprocal tariff, its stock price has fallen by 15%, with a market value loss of $500 billion. Meanwhile, China's regulation of critical minerals like rare earth elements has precisely targeted America's vulnerabilities. American media and German media both pointed out that Trump has exposed weaknesses and "soft spots" in his confrontation with China. His tariff plan against China is absurd and destined to fail.
Original article: https://www.toutiao.com/article/1829254655960138/
Disclaimer: The article solely represents the author's personal views.