4mo ago

Even The Wall Street Journal thinks Trump’s tariffs are ‘the dumbest’

www.huffpost.com

Even The Wall Street Journal Thinks Trump’s Tariffs Are ‘The Dumbest’

Summary

The Wall Street Journal slammed Trump’s new 25% tariffs on Mexico and Canada as “the dumbest” move, warning they harm allies, not adversaries.

The editorial suggested retaliation could pressure Trump to reverse course. The stock market reacted negatively, showing concerns about Trump's economic policies in a second term.

The Journal also recently criticized Trump’s stance on Ukraine, U.S. withdrawal from Europe, and his sovereign wealth fund plans, highlighting broader worries about his policy direction.

34 comments

It's not a great sign when the wsj is harder on trump than the Washington Post or NYT is. Really shows the capture of those institutions are complete
- I suspect that has more to do about how nerfed the two other papers are, than the wsj finding this a bridge too far
- They don't care if you overtly fuck up the economy as long as it benefits the already extremely privileged.
They must still have the old list of allies and adversaries.
- Huh? We've always been at war with Eastasia.
- Wall Street Journal needs to read the room, if they wanna survive, they need to turn heel Trump immediately
warning they harm allies, not adversaries
That is the entire point of them, you see. Hurt them, consolidate them under loyal oligarchs, become “too big to fail”, control everything.
Not dumb for him. Tariffs will line his pockets. This is why economists call it a tax on the American people. Very McKinley era, the time that created the iconic visual of street urchins, and the Baron class.
Trump profits, Elon laughs and jumps around, and we work even harder (producing money for them) to survive with a roof over our heads.
We The People get pounded while MAGA and their billionaires get paid even more.
- I don't think the thinks about the people at all, only the money he will get to add various things to the exception list.
  
  Well, yeah, that’s born Trump and Elon.
Slammed you say? How droll.
What?! Number go down?! But number only go UP?!?!
An overwhelming majority of voters are voting based on tribal affiliation, not expected results. They have literally no idea if the proposed policies will help, or even be pursued in earnest.
Assuming we are on the road to trading with Russia instead of the rest of the world in order to give putin a gift of American cash, what businesses are good to invest in to pad the depression incoming? Grain? Vodka?
warning they harm allies, not adversaries
Trumps allies are not American allies.
Wait, who didn't think that?
- Putin
Am I the only leftist that doesn't give a shit about the tariffs? I feel like 95% of articles attacking Trump go after tariffs when everything else he is doing is probably 1000x worse and deserves way more scrutiny.
- Everyone in America will care when prices start to spike. We're attacking our closest allies. This is Putin driving a wedge between the US and rest of the world.
- I feel like 95% of articles attacking Trump go after tariffs when everything else he is doing is probably 1000x worse and deserves way more scrutiny.
  Things like food, electricity and heat are surprisingly important to people. A measurable about of this comes from our allies Canada and Mexico. Trumps tariffs will make these more expensive by itself. Retaliatory action (which is completely justified IMO) from the Canada and Mexico may make these simply unavailable.
  High ideals such as how we treat each other in society or even our rule of law take a backseat if you're sitting in the dark, cold and hungry.
  
  A quick internet search shows 15% or food imported and 1% or electricity. So yeah prices might increase a little but I feel it pales in comparison to genocide, concentration camps, environmental destruction, and nuclear war.
- I agree that the stuff he’s doing with Elon Musk and some of the other executive orders he signed about transgender rights and trying to take over the federal election commission has a bigger long, lasting national impact
  But reducing the price of groceries is one of the key reasons why people voted for him in my state and it’s one of the loudest statements he made (about reducing the price of food on day one anyway) that will have an impact it’s not lasting, but is most visible to the average American
  Case in point when he was elected all the in the state of Kansas had eggs at approximately 4.50 a dozen and yesterday I bought eggs at 5.98 a dozen
  
  People, specifically conservatives but this applies to more than just them, don't vote based on consistent standards of behavior or expectations of policy direction. They choose whatever reason is popular at the moment to justify voting for the candidate that feels right to them. They don't reevaluate things later on and see how their candidate performed against expectations. They just keep grabbing the current justification for their vote from whichever form of media they prefer and carry on living unexamined lives.
- The tariffs are the only thing that capital opposes. That's why imperial media is crying about it so much.
  The other stuff: inequality, poverty, racism, patriarchy, genocide, etc. Hegemony has supported these things since the inception of this slaver society.
  
  All societies that have adopted capitalism as their lord and Savior.
- Yeah, I think the issue is that the other racist, xenophobic, antivax, generally incompetent policy choices are actually kind of what he campaigned on.
  The tarrifs --- even though he campaigned on them --- are antithetical to his promise of lowering cost of living expenses.
  That said, it's the WSJ editorial page --- their coverage of the Second Coming of Jesus would be its impact on your 401(k), so this type of coverage (and not e.g., social justice) is their bread and butter.
  
  I fully expect that if Jesus does return, my high-yield bonds would increase in value basically overnight… right?
- There are endless posts about the bad stuff he's doing or done. This one's about tariffs. It's so weird to defend them instead of finding an appropriate place to complain about the other things when there are so many options

34 comments