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People will be less interested in long term bonds that have a yield lower than the current rates. This makes those old bonds less valuable as people scramble to get the bonds with higher yield. Why loan the government money at 3% if you can be guaranteed 5%?
If you want to stay in bonds and you believe the US will need to keep raising rates to convince people to buy US debt, you can buy very short term bonds. STIP (which is an ETF) for example are very short term bonds so you can keep getting the higher rates.
So if you think that Trump will continue to do things that reduce faith in the stability of the US government then yes, dump the bonds.