Why Trump Ignored a 20% Stock 📉 Drop but Surrendered to a 40 bps Bond Spike 📈

📉 Stocks crashed 💥 Trump stood firm.
📈 Bonds spiked—Trump backed down.

Why?

As President, Trump imposed tariffs to revive U.S. industry.
🇺🇸 America had deindustrialized—we build 5 chips a year. China? 1,800.
🛠️ Industrial capacity = national security.

But tariffs rattled markets.
To defend the move, Trump’s team said:
💬 “Only 10% own 88% of stocks. Trump cares about the other 90%.”

That held…until the bond market revolted.
🔺 Yields surged instead of falling.
💸 Deficits (trade + fiscal) shook investor confidence.
📉 Bonds are the foundation:
• Banks fund daily ops with them
• Corporates run payroll with them

The system was at risk of collapse.
– Jamie Dimon called Trump
– ⁠Trump delayed tariffs for 90 days

Lesson?
You can fight Wall Street.
But not the Bond Market.

#MacroView #Tariffs #Trump #BondMarket #Stocks #IndustrialPolicy #USChina #Geopolitics #Economy #Deficits #FinancialSystem #WallStreet vs #MainStreet