← Analysis
Walkabout — wander by real connection, not category
The US already tried this once, and lost
In 2002 the US put tariffs on steel, the WTO ruled against them, and the government repealed its own policy under threat of $2 billion in sanctions -- the largest penalty the WTO had ever authorized. In 2025 the government did it again, at double the rate, using a different legal doorway that the first attempt never tried -- and then went further than any tariff, taking a literal veto seat inside the country's founding steel company.
Read this piece →
Where this connects