The madness lies in asserting something ... contrary to all evidence and intelligence. The method is doing it again and again, relentlessly, at full volume ... This is how Trump became president twice.
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.