I definitely think it was reactionary. And like I said yesterday, it is only delaying the max pain that the country is going to feel. It's inevitable, so if it is going to be policy to carry tariffs on all nations at whatever negotiated rate it ends up being, we were better off negotiating with the current policy in place and let the chaos in the market settle organically. You're right that the actions are causing confusion and uncertainty. Two things investors don't like. You mentioned the 10yr yield earlier. That is way out of my wheelhouse. So I don't know what to say to that. But I do hope we get our shit together sooner than later. But it's going to take a while. The last significant trade deal took 2 years almost.
Yeah—it feels like we’re just delaying the inevitable if this is the chosen path. On the bond side, the 10-year yield spiking matters because it makes borrowing more expensive for everyone: government, businesses, and regular people. That kind of move usually means investors are nervous—and this time, it wasn’t just domestic. Countries like Japan and China have reportedly been selling off U.S. bonds, which only adds fuel to the fire.
At the same time, Republicans are about to start pushing a tax cut package, which would likely add to the deficit and require even more borrowing. So you’ve got the government needing more money, foreign investors backing away, and rising yields making debt more expensive. That’s a tough combo for the economy to swallow.
Honestly, I think they’re going to end up scrapping this entirely. The market reaction hit harder than they expected, and now they’re looking for a way out. You can already see it in the messaging—it’s shifting fast, like they’re trying to spin the pause as part of the plan. I don’t know the exact timeline, but at this point, I’m not seeing many options for them going forward.
