The economic liberalism that the world took for granted has given way to the White House’s attempt to gain sectarian control over institutions, as well as government intervention into private companies,
It wouldn’t have cost Trump anything to show a clear intent to deter in a strategically crucial moment; it wouldn’t even have undermined his efforts in Ukraine.
U.S. companies, importers and retailers will bear the initial costs which most economists expect to filter through the supply chain as a cost-push inflation.