Donald Trump's statement on tariffs and his self-proclaimed status as a friend to American capitalism may have a bullish effect on certain sectors of the stock market, particularly those that have been protected by his tariffs. Historically, Trump's support for tariffs has led to increased stock prices for companies in industries such as steel and aluminum. However, this protectionism can also lead to retaliatory measures from other countries, potentially increasing trade tensions and market volatility. Furthermore, Trump's assertive attitude towards businessmen who criticize tariffs may be seen as a sign of confidence in his economic policies, which could boost market sentiment. Nevertheless, the long-term implications of tariffs on the overall economy and trade relationships remain a concern, and investors should closely monitor the situation. Key areas to watch include the performance of protected industries, the response of foreign governments, and the potential impact on market confidence and volatility.