It hasn't happened yet. All the big money in America says that it will either never happen or won't last longer than a few weeks.
The TACO president doesn't just back away from a bad idea without announcing he got something in return. He'll declare exemptions or delays for companies or industries that kowtow to him in some way - maybe he'll demand these companies make contributions to "non-woke" engineering universities or remove "DEI hires" from their boards, who knows.