4/10/25 Roundup: Tariffs, Treasuries, & the New Monetary Order
Brian Cubellis | Chief Strategy Officer
Apr 10, 2025
Tariffs, Treasuries, & the New Monetary Order
We’re wrapping up a week of breathtaking volatility. The White House launched an aggressive tariff push on April 2nd, spurring a steep slide in equities and triggering bond yield spikes over the following three market sessions. A rumored tariff pause on Tuesday the 8th initially sparked a market rally, only to reverse dramatically when the tweet was debunked.
Then yesterday, President Trump announced a 90-day pause on all tariffs—lowering them to a 10% floor for most countries but jacking up China’s rate to 125%. This latest twist unleashed one of the largest single-day stock rallies in recent history.

Across social media and mainstream press, opinions on President Trump’s tactics vary wildly—from praising his “art of the deal” genius to accusing him of shooting from the hip and backpedaling to placate markets.

