recent developments revealing a multi-pronged strategy by the Trump administration to consolidate political power, alongside a significant recalibration of its signature trade policies. The administration is actively leveraging a government shutdown and federal agencies like the IRS and DOJ to punish political adversaries and reward allies. Concurrently, its "reciprocal tariff" policy is being quietly diluted through numerous exemptions for goods not produced domestically, while tariffs under different legal authority are expanding.

The ongoing government shutdown presents escalating risks, with critical pressure points emerging from missed federal and military paydays, the imminent depletion of SNAP funds for 42 million people, and the potential for widespread travel disruption during Thanksgiving week. OMB Director Russell Vought is explo ...