Trump’s Tariff Tactics vs. The Bond Market: Guess Who Won? Spoiler: Not Trump!

Hold onto your wallets, folks! Analysts are pointing their fingers at President Trump’s import tariffs, and it’s not pretty. Apparently, this little move has exposed some major cracks in the good ol’ US bond market. And guess who’s loving it? Bitcoin! (Yes, the digital gold we’ve all been hearing about.)

Trump, ever the bold negotiator, decided to put the brakes on higher tariffs, bringing them back to a cozy 10% baseline for most countries (except China, of course). But, as expected, critics are having a field day, claiming this move has uncovered some serious vulnerabilities in the US bond market.

Saifedean Ammous, the genius behind *The Bitcoin Standard*, thinks Trump was just trying to avoid a bond market disaster. According to him, Trump’s tariff rollback was like a desperate attempt to stave off the rising bond yields. In other words, the man was forced into it. “Trump fought the bond market and the bond market won,” Ammous declared in a post that’s now forever immortalized on Twitter. And guess what? He’s right!

“For one glorious day, the stock market crashed and Trump thought it was a small price to pay for fiscal sustainability. Ha! But then the bonds started to tank and the reality hit,” Ammous quipped. Turns out, betting against the stock market to boost bonds wasn’t the world-changing idea Trump thought it was. Go figure!

Yields Are Rising Faster Than Your Blood Pressure After That Last Tweet

After Trump’s tariff bombshell, the 10-year Treasury yield shot up faster than a rocket on caffeine – going from under 4% to a thrilling 4.5%, all thanks to worries about inflation and recession. A true masterclass in… well, chaos. CNBC’s data doesn’t lie!

And in classic Trump style, he reversed course quicker than a magician pulling a rabbit out of his hat. But guess what? That didn’t exactly help his “negotiating position” – it was a straight-up disaster. The man was left looking like the kid who couldn’t keep his toys in one place for more than a couple of hours.

Raoul Pal, the founder of Global Macro Investor, chimed in with his take: maybe Trump’s tariff shenanigans were just a little bit of posturing. Who knew?! Because, in the end, the only one buckling under pressure was… Trump himself. And let’s face it, it’s hilarious now to look back and see that China didn’t even flinch. Not one peep.

Meanwhile, Bitcoin is over there like, “Hey, I’ll just be over here acting like a solid hedge against economic uncertainty” while Trump waves his tariff wand around. 🤑

Trade Wars, Bitcoin, and a Potential New Standard for the Dollar

Now, in a move that’s more “back to the future” than we all expected, the talk of a Bitcoin standard is resurfacing! Ammous is all for the idea of the US stockpiling Bitcoin like it’s going out of style, with the ultimate goal of backing the dollar with the crypto king himself. I mean, why not? If you’re going to dream big, go big or go home, right?

“Buy Bitcoin until the US government holds enough to back the entire dollar supply, then move to a Bitcoin standard. Boom. No more overspending. Problem solved!”

Now, let’s rewind to the good ol’ days when the dollar was actually backed by gold. Ah, those were the days when we could trust that our paper wasn’t just an elaborate scam. That all went down the drain in 1933, thanks to President Franklin D. Roosevelt. But in 1971, Richard Nixon thought, “Hey, let’s just stop this whole gold thing and make the dollar all about faith in… well, us!” And that, folks, is how fiat currency came to be. Big win for everyone. *Not.*

Now, Bitcoin is here to save the day (or at least make a solid competitor to gold). Joe Burnett, from Unchained, predicts that Bitcoin might even beat gold at its own game, surpassing gold’s market cap and possibly reaching a price of $1.8 million by 2035. Buckle up!

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2025-04-24 14:01