I worry a degree of cronyism can go on for a while until there's a true consequence to these policies. There is a lot of wealth and trade to divide the spoils of between the billionaires and the administration.

If the current structure stands, where steel imports are tariffed at 50% but Mexican/Canadian autos have no tariffs, and Japanese imports are only tariffed at 15%, the consequence will be the firing of every auto manufacturing worker the US and the shutdown of every auto factory. The consequences will be cruel and fair.

The only reason it is not already happening is because of the TACO phenomenon and the possibility that the courts will intercede to stop the wanton abuse of emergency tariff powers.