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This is nuking every single supply chain that passes through the US in any way, under the illusion that 45 years of deindustrialization can be fixed in one day of 45% tariffs. Countless low-margin businesses, including US exporters, will be pushed into unprofitability. If you’re a 98 year old man who hasn’t been working out since 1945, and you try benching 315 because you could do that 80 years ago — what happens? Look at this. They are restoring a single parameter to 20th century levels in the hope of restoring the 20th century. But it doesn’t work like that. IBM can set their prices to 1945 levels without recovering the dominance of 1945. Tariffs aren’t time machines.