> Nobody saw this coming.

That simply isn't true. Here's a PDF from December 2024 (before Trump was elected) by the US Senate Joint Economic Committee:

https://www.jec.senate.gov/public/_cache/files/5c392e02-9eb0...

Throughout 2024, Donald Trump has proposed a series of tariffs on all goods coming from outside the U.S. or on goods from specific countries. His recent proposals include:

• An across-the-board 10 percent tariff on all products imported from other countries.

• An across-the-board 20 percent tariff on all products imported from other countries.

• A 60 percent tariff—“or higher”—on all goods imported from China.

• An additional 10% above any additional tariffs on imports from China.

• A 25% tariff on products imported to the United States from Mexico and Canada.

Yes, everbody who was paying any attention at all saw this coming.