Exactly. Tariffs themselves are not the point - its the exemptions. Trump will grant the "king's largess" to a favored few. That will depend upon can grovel the furthest or pay the most. And that favor can be withdrawn at any time. What the CEOs haven't figured out yet is that the supply of favors will be limited. It won't be simply writ…
Exactly. Tariffs themselves are not the point - its the exemptions. Trump will grant the "king's largess" to a favored few. That will depend upon can grovel the furthest or pay the most. And that favor can be withdrawn at any time. What the CEOs haven't figured out yet is that the supply of favors will be limited. It won't be simply write a check and you get exempted. You'll have a never-ending cut throat competition to stay in that top echelon of favorites.
Exactly. Tariffs themselves are not the point - its the exemptions. Trump will grant the "king's largess" to a favored few. That will depend upon can grovel the furthest or pay the most. And that favor can be withdrawn at any time. What the CEOs haven't figured out yet is that the supply of favors will be limited. It won't be simply write a check and you get exempted. You'll have a never-ending cut throat competition to stay in that top echelon of favorites.
Cut throat competition and a return to the Guilded era of government corruption from Reconstruction to Teddy Roosevelt