Trump was determined to impose steel tariffs. “Look,” Trump said, “we’ll try it. If it doesn’t work, we’ll undo it.”
“Mr. President,” Cohn said, “that’s not what you do with the U.S. economy.” Because the stakes were so high, it was crucial to be conservative. “You do something when you’re 100 percent certain it will work, and then you pray like hell that you’re right. You don’t do 50/50s with the U.S. economy.”
“If we’re not right,” Trump repeated, “we roll them back.”