President Donald Trump's tariffs, which were initially a source of concern for financial markets, have now become a saving grace for the U.S. during the recent global bond market turmoil. As government debt across developed economies like the U.K., France, and Japan continues to rise, global government debt has surpassed $97 trillion, doubling its 2010 level. This surge is attributed to pandemic-related spending and recovery measures, exceeding corporate and household borrowing. Despite the U.S. public debt hitting a record $30 trillion, investors have shown optimism towards U.S. treasuries, helping the country avoid the worst of the recent government bond market sell-off. The Institute of International Finance reported these developments, emphasizing the importance of tariffs in maintaining Washington's financial stability.