“Even as Trump made increasingly bellicose noises on trade, picking Canada and Mexico, America’s closest trading partners, to be his first tariff targets, the business community clung to the belief that, in the end, his saber-rattling was just that: a negotiating tactic to increase his leverage, make a deal, score a quick political win, and move on,” Puck’s John Heilemann writes. “And so, ironically, it was Wall Street, the place most immediately affected by Trump’s tariffs, that was most shocked and least ready when he did.”⁠ ⁠ “But Trump’s economic team seemed nearly as poleaxed by the size, scale, and cockamamie computational formula behind the punitive measures—and unprepared to defend them when shit hit the fan…”⁠ ⁠ John circles Trump’s economic appointments, at the link in bio.⁠ ⁠ Photo: Jim Watson/AFP/Getty Images⁠ ⁠ #ScottBessent #HowardLutnick #Trump #Economy #Tariffs