My gut says they're a lot more emboldened to go full tilt on the tarrifs with the budget bill passed. The plan all along has been to shift from taxes to this to raise revenue for the govt, and with the enormous deficit hit from that they have the cover to say "well we need to balance the budget" etc.
The republicans leadership in the house has put mechanisms in place to prevent reps from challenging the tarrif laws. I don’t think it’d be a cake walk for them to do it through the legislative branch
Howard Lutnick got pulled from the TV sidelines over stuff like this apparently. Bessent is running the show now which is probably why they’re actually responding to the bond market punching them in the face this week
There were people buying 18,000 SPY 510 calls at noon due to expire yesterday at 4pm. That is an absolutely insane thing to do unless you had very sure insider information of an incoming spike
If you’re a manufacturer how quickly can you even stand up a factory in the US and train that factory of workers to produce your item? 3-4 years? What’s the chances republicans still control congress by that time? The presidents continued ability to enforce this relies on controlling both chambers because the tarrifs are being put up under an emergency declaration that congress has the power to override. If you don’t think that’ll continue to be the case in 2 years time it seems very difficult to justify the investment, and if markets continue to crater I would think it would further reinforce this