Don't worry, their pals in the government will bail them out.
But it is odd that this administration has learned absolutely nothing about the mid- to long-term effects of export restrictions on other countries' ability to compete with the US.
Mid and long term effects will come with next administration - which can be blamed for the failure (even if it has nothing to do with it) -> so those who caused the problem can be voted back to power.
> bail them out
You misspelled “nationalize them” (while we privatize Social Security and probably Medicare)
Only the bad parts of capitalism, only the bad parts of socialism. This is what policy looks like in the 2020s.
You mean pension funds will bail them out after they IPO? :)