Trump is deliberately shaking up the market to reduce U.S. debt servicing costs.

In the next six months, the U.S. needs to pay off $7 trillion, but refinancing the debt at 4%+ is too expensive. To lower bond yields, Trump is creating economic uncertainty: imposing tariffs, undermining market confidence, and pushing investors toward government bonds. As demand for bonds rises, their yields drop, giving the Fed a reason to cut interest rates, making refinancing even cheaper.

Thus, Trump is not only lowering bond yields but also pushing for a Fed rate cut, further reducing the cost of government debt.