
The Unintended Consequences of Tariffs: Return to Normalcy When Trust Trades at Par
Unintended? Perhaps. Unexpected? Not so much. Whether you are in favor or against tariffs, a fan of the President or suffering from TDS here are some thoughts, not predictions, that emerged from my multi-model human-AI collaboration (Grok, ChatGPT, Claude, Perplexity and DeepSeek)…It’s too early to tell if Trump/Peter Navarro tariff megalomania has a chance of working or this is just plain stupidity. This is not a critical or cynical deconstruction of the perils facing the global markets. The exercise was to create a set of scenarios the conclusions of which are self -evident. Financial System Resilience in an Era of Trade Policy Disruption Unintended Consequences: Normalcy Returns When Trust Trades at Par April 7,2025 by Craig Hatkoff, ChatGPT, Claude, Deep Seek, Grok 3 and Perplexity Executive Summary This off white paper examines potential systemic risks to the U.S. financial system stemming from aggressive tariff policies. The paper introduces a novel