The winners in a fear-and-favor regime
A pattern is starting to emerge from the flood of actions coming from the Trump administration: The initial stance is often maximally aggressive, but it can be walked back if the targeted groups have direct access to the president.
Why it matters: Such a system favors the well-connected, including deep-pocketed individuals and corporations in the U.S., as well as large foreign companies who have the ear of their own head of state.