A chart showing bond yields reflected the change in the financial market as Donald Trump displayed surprising resilience to the stock market slump caused by his tariffs. Despite the drastic decline in global share prices, the US President faced challenges amidst a potential market collapse. Similar to Prime Minister Liz Truss reversing unfunded tax cuts due to bond vigilantes in 2022, Trump decided to retract his reciprocal tariffs after facing mounting criticism and fears of a financial crisis. He announced a 90-day pause on the tariffs for America's trading partners, maintaining a standard 10% charge for all countries except China, where tariffs were increased to 125%. This abrupt change highlighted Trump's acknowledgment of market pressures and concerns raised by economists about an impending recession. Bond yields played a crucial role in the evolving financial landscape, with the demand for bonds decreasing significantly, leading to a rise in interest rates. The surge in yields on 30-year US Treasuries and 10-year debt was the most substantial since 1982, driven by market volatility triggered by Trump's tariff policies. Additionally, the dollar, typically a safe haven asset, depreciated instead of strengthening in response to recession warnings, signaling a shift away from the dollar in the market.