Quantcast
Connect with us

Trump absolutely destroyed by Wall Street Journal over ‘chaos’ created by his absurd Mexico tariff war

Published

on

Always leery of economic chaos, the editorial board of the conservative Wall Street Journal dropped the hammer on President Donald Trump for announcing escalating tariffs on Mexico for a problem the Journal said Mexico can’t solve and is not responsible for.

Under a headline, ‘Tariff Man Unleashed,” the editors made their disgust apparent right from the start.

ADVERTISEMENT

“The biggest economic risk of a Donald Trump Presidency has always been that his trade obsessions would swamp the benefits of tax reform and deregulation,” they began. “For two years he has kept his worst protectionist impulses mostly in check, but as he seeks a second term we are now seeing Tariff Man unchained. Where he stops nobody knows, which is bad for the economy and perhaps his own re-election.”

According to their analysis, the punitive tariffs should not be levied for a problem that is not of Mexico’s making.

“The first problem here is that Mr. Trump is blaming Mexico for a mess it can’t solve. The real cause of the recent border chaos is the lure of U.S. asylum policy. Migrants from Central America know that if they cross the border illegally with children they can’t be detained for more than 20 days,” they explained. “The Mexico tariffs also heighten economic uncertainty because they aren’t even about trade. The risk is that Mr. Trump has come to view tariffs as a blunt-force tool to achieve any diplomatic goal. They are Mr. Trump’s magic elixir that will solve any political ailment … No supply chain is safe from Tariff Man.”

Beyond the economic disruption — a major complaint of the WSJ’s editors who see a possible trade agreement going down in flames now — is the issue of the president’s diminishing “credibility” as they accuse Trump of being a big bag of wind.

ADVERTISEMENT

“The best scenario is that this tariff threat is Mr. Trump’s familiar bluster in which he threatens chaos to get attention and then backs down,” they wrote, before warning, “But then Tariff Man is impulsive and often his own worst enemy. Equities have fallen for six straight weeks and corporate profits are down. The job market is strong, but that isn’t guaranteed if investment starts to lag. Senate Republicans need to get off their sedan chairs and send this President a message on trade, or they may be in the minority in 2021.”

You can read more here (subscription required).

 

ADVERTISEMENT

 


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Judge rules against NC man who says lynching ‘threat’ to Muslim candidate is ‘free speech’

Published

on

A federal appeals court ruled this week that a North Carolina man must face trial after he allegedly threatened a Muslim candidate with lynching.

Attorneys for Joseph Cecil Vandevere, 52, argued that charges against their client should be dropped on the grounds of freedom of speech, the Associated Press reported on Tuesday.

Vandevere is charged with interstate communication of a threat to injure a person. He allegedly used anonymous social media accounts to communicate lynching threats.

Continue Reading

Breaking Banner

BUSTED: Trump-loving sheriff tried to murder deputy who caught him on tape making racist remarks

Published

on

A North Carolina Sheriff and Trump supporter reportedly plotted to murder a man who had a tape of him making racially offensive remarks, reports the Raleigh News and Observer.

Granville County Sheriff Brindell Wilkins was indicted Monday, based on a recording of Brindell advising a man on how to kill a former deputy who accused him of racist language.

According to court records, the sheriff told another person to “take care of it” and “the only way you gonna stop him is kill him.”

He instructed him to get rid of the weapon. “You ain’t got the weapon, you ain’t got nothing to go on,” Wilkins said. “The only way we find out these murder things is people talk. You can’t tell nobody, not a thing.” The conversation took place in 2014.

Continue Reading
 

Breaking Banner

Judiciary Democrats schedule Trump ‘corruption’ hearing on ’emoluments and profiting off the presidency’

Published

on

The House Judiciary Committee has scheduled a "corruption" hearing on President Donald Trump's business practices.

The committee on Tuesday, which is controlled by Democrats, posted a notification about the hearing on its website.

The hearing is titled "Presidential Corruption: Emoluments and Profiting Off the Presidency." It is scheduled for Sept. 23 at 2 pm. A witness list was not immediately available.

Trump's opponents have argued that he has violated the Emoluments Clause of the U.S. Constitution by profiting off foreign dignitaries who visit his hotels and restaurants.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1. Go ad-free.
close-image