It might not be so simple. Once you’ve imposed these tariffs to your allies, you can’t go back to the world where they didn’t exist. Everyone sees this and will remember, it will take a long time to build trust again, including among investors.

The billionaires will possibly benefit from this, but it’s very risky. If he just wanted to please the wealthy, he could have just gone with some tax cuts and removing regulations as is traditional for the Republicans.