It is a surprising development only because the Trump economic team has been so consistently in denial of material reality. But anyone in industry could and did say that the 100%+ policy was suicide for a wide range of US business activity. And not a slow one either. Unlike the Covid supply shock, when the US Office of the Vice President led a national coordination system to prioritize key manufacturing resources, there was this time no plan whatsoever to adapt. The charade lasted a month.
It is a surprising development only because the Trump economic team has been so consistently in denial of material reality. But anyone in industry could and did say that the 100%+ policy was suicide for a wide range of US business activity. And not a slow one either. Unlike the Covid supply shock, when the US Office of the Vice President led a national coordination system to prioritize key manufacturing resources, there was this time no plan whatsoever to adapt. The charade lasted a month.