Wall Street Journal Torches Trump's Tariffs With 'Golden Age' Reality Check
HuffPost
The conservative newspaper's editorial board listed some of the ways the move could backfire on the president and his agenda.
The Wall Street Journal on Wednesday issued a scathing critique of President Donald Trump’s so-called “Liberation Day” announcement vowing sweeping new tariffs on countries worldwide.
In a sharply worded editorial headlined, “Trump’s New Protectionist Age,” the newspaper’s conservative board warned of multiple ways the tariffs could backfire on Trump, but which the president “isn’t advertising.”
The board pointed to a range of possible repercussions, including potential retaliation from foreign governments, higher prices for American consumers, economic pain for U.S. exporters, and “the end of U.S. economic leadership.”
It also predicted China could attempt to expand its influence by using “its large market to court American allies.”
“This is far from a comprehensive list,” the board noted. “But we offer them as food for thought as Mr. Trump builds his new protectionist world.”
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