Cnote5

Another one bites the dust… Democratic Reps. Henry Cuellar (Texas), Don Davis (NC), Laura Gillen (NY), Jared Golden (Maine), Vicente Gonzalez (Texas), Marie Gluesenkamp Perez (Wash.), and Tom Suozzi (NY) joined all Republicans but Rep. Thomas Massie (KY) for the 220-207 vote that sent the legislation to the Senate—where the GOP also has a majority, but it’s so narrow that most bills need some Democratic support to pass.

“…only about 4% of the tariff burden is shouldered by foreign firms, with a “near-complete” pass-through of 96% to US buyers…”

Text from article.

"In January 2020, Larry Fink, the chief executive of BlackRock, the largest asset manager in the world, stunned the business world by declaring that he intended to use the trillions of dollars managed by his firm to address global warming.

“Every government, company, and shareholder must confront climate change,” Mr. Fink wrote, calling for “a fundamental reshaping of finance.”

A few days later, Mr. Fink arrived in Davos, Switzerland, for the World Economic Forum’s annual gathering, donning a scarf featuring a design of the “warming stripes,” a pattern that depicts 150 years of rising global temperatures.

Mr. Fink’s impassioned call to address climate change was the unofficial start of a movement. Nearly every major financial institution was soon pledging to reduce emissions, joining high-minded alliances designed to phase out fossil fuels and promising to support clean energy. Environmental, social and governance factors, known as E.S.G., became a defining feature of Wall Street investing.

But six years later, many of those Wall Street institutions have walked back or abandoned their commitments." …

What if that is exactly what he wants?

https://washingtonspectator.org/peter-thiel-and-the-american-apocalypse/

Might it be akin to the Nixon Shock? https://en.wikipedia.org/wiki/Nixon_shock