Equities were supposed to be risky bets .. thats why people saved in treasury and musni bonds .. and 60 - 40 portfolio..
Then Govs got week and corps got stronger .. so SpY became the bench mark .. the downside is now Govs need to pay higher yield on bonds .. to make the sale ..
So Trump is doing a shakeout ..
Tariffs are to put corporations in their place ! It is not a right or left thing .. it is just common sense !