Last night Trump blinked again. Realising that the prices of everyday electronic goods in the US will skyrocket, he has exempted tariffs on most electronic goods and components from China (except for the existing 20%). This is about a quarter of the goods the US imports from China.
Smartphones, computers, chips and other electronic goods and components such as flat panel displays, semi conductors, solar cells, flas cards, memory cards and solid state devices from China are now exempted. Simply because the US is wholly dependent on China for all these products as none of them are made in the US.
Clearly this is another indication that he had no idea what he was doing when he announced his sky high tariffs against China. Either ill advised or he thought China will capitulate and he will then brag about how he negotiated a great deal with China.
Since China did not budge and consumer confidence in the US collapsed on Friday to one of its lowest levels, he had to back down.
At this point in time he is just looking silly. And I don’t think this will be the end. With no endgame in sight, embarking on a tariff war was just plain stupid. He will be a laughing stock of talk show hosts this weekend for sure!
daily musings 
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