@Balaamsass before the election got underway I made a prediction here that the media would take the current (at that point) depression that the Biden gang for some reason never had labeled as a depression and blame it on Trump.
A little while ago, people were complaining (under Biden) that the P/E ratios of most stocks was incredibly high, NVIDIA at one point had a triple digits P/E ratio (meaning the stock was trading at more than twice the actual value of the company) which is an indication other options (debt, bonds, trade) was inherently untrustworthy. Biden and the Fed prevented a full correction temporarily by DURING the election (which had never been done before) lowering the rates on the Fed despite having massive inflation for months.
The market rushing to treasury is a good thing, at least for the US, it means people are buying USD investments rather than Chinese or European. The yields lower, because it is a market, demand is high, so the US doesn’t have to promise to pay back more than is being invested in the future which is good (that yield is currently mostly funded by even more debt).
As far as the tariffs themselves, there is a reason other countries have them. Whether it is protecting your own food supply or steel supply, a lot of those things are necessary in full blown war, as Ukraine and Europe recently found out. Yes, to those importing cheap supplies, they will no longer be able to undercut their competition with sub-par steel beams (https://fortune.com/asia/2025/04/02/bangkok-skyscraper-collapse-earthquake-substandard-steel/) and radioactive drywall (https://en.m.wikipedia.org/wiki/Chinese_drywall) or lumber (https://nchh.org/2015/03/formaldehyde-and-wood-products/) or cars (https://youtu.be/CWwuHKrw8Cc?si=9hYtYrLX7U5zkz62) all of which many other countries, including the EU and US have historically permitted or even made exceptions for (eg. BYD in EU market are death traps that don’t have functional airbags).
As far as the “story” about the penguins - I’m sure we’re not trading with the penguins, so either this is a non-story, as we don’t trade ANYWAY with the penguins, so we’re just stunting with numbers (1M% tariffs on 0 is still 0). Or the MSM is ignoring the real problem - that penguins are trading millions of dollars annually - which would be convenient for someone to hide streams of money. So what is really going on, my bet is on the last things through the WEF and World Bank, all sorts of shenanigans have been going on that are ‘legalized’ by previous administrations. Same with the Falklands, they are supposedly trading 90% of their fish with the EU, yet millions of dollars in trade ends up being paid for by the US (and by that we mean the US taxpayer) through a mysterious fishmonger that nobody seems to know about… something ‘fishy’ is going on.