Wall Street Journal mocks Trump supporters for calling tariffs 'genius power play'
Wall Street Journal mocks Trump supporters for calling tariffs 'genius power play'
The Rupert Murdoch-owned newspaper's editorial board has been critical of many of Trump’s moves in the early days of his second presidential term.
Summary
The Wall Street Journal mocked Trump’s tariff policy, calling his pause on Canadian and Mexican import taxes a retreat rather than a “genius power play.”
It criticized Trump for claiming victory despite making only minor trade deals.
Trump agreed to a 30-day delay after Mexico and Canada offered border security concessions.
The Journal previously called his trade war “the dumbest in history.”
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I’ve never seen anyone take the angle of Trump’s tariff policy being anti-capitalist and I don’t understand why. He’s disrupting free trade which is a foundational aspect of a global capitalist economy, why isn’t his party mad about that?
Also this article was fucking terrible
I assume your question was rhetorical, but these people have no fixed principles or commitment to truth. They don't want free trade for everyone, just no regulations for them.
Because capitalism does not mean free trade?
Idk- from by (basic) understanding of capitalism, once the market is saturated you need a spacial fix in order to keep extracting profit.
I think free trade would benefit capitalist economies since it would allow for easier expansion into new markets. Correct me if I’m wrong though cause I don’t know that much about economics and theory behind all this