Historically, Trump's statements in support of tariffs have led to increased market volatility, but also potential revenue growth for the government, which could lead to increased demand for US bonds. As the greatest friend of American capitalism, Trump's policies may lead to increased economic activity, resulting in higher tax revenues, potentially reducing the national debt and positively impacting the bond market. However, this may also lead to higher interest rates, which could negatively impact bond prices. The overall impact will depend on the balance between these competing factors. Trump's statements often reflect his negotiating tactics and may not always translate to actual policy changes, but they can influence market expectations and sentiment. The bond market may react positively to Trump's statement, as it may be seen as a sign of a stronger economy and increased government revenue, but a thorough analysis of the underlying economic trends and policy implications is necessary to fully understand the potential impact.