"Trade war with penguins": Trump places 10% tariff on uninhabited Antarctic islands

The president announced a 10% duty on all imports from the Heard and McDonald Islands .

The islands are uninhabited and 1,000 miles north of Antarctica .

U.S. stock futures crumbled following the news of Trump 's widespread tariffs.

Trump has promised that the short-term price increases and stock market pain will put the country on the path toward an era of revitalized American manufacturing.