‘Makes No Sense’: WSJ Editorial Board Savages Trump Tariffs on Allies as ‘Dumbest Trade War in History’
‘Makes No Sense’: WSJ Editorial Board Savages Trump Tariffs on Allies as ‘Dumbest Trade War in History’
Trump announced 25 percent tariffs against the country's neighbors to the north and south that were slated to go into effect Saturday.
Just continuing where his first term left off
I mean, here in Mexico, we'll fight the fuck back. Our president is backed by almost 80% of us, if she says anything, we'll follow. I don't think Trump can say that, not even from his own voters. He thinks he's making America great again, but his adversaries are having a ball: America is not looking strong, America is looking dumb, treasonous, fascist and alone as fuck. At the very same time, people should be aware that BRICS is now the BRICSEEEIIBBCKMNTTUUV. This guy is beating the shit out of his own creation, the USMC.
Trump created the marines?
It's the USMC-Agreement. And yeah, blame Trump for naming it in the most unimaginative, redundant way.
https://m.facebook.com/story.php?story_fbid=2069436850145993
50 States, 50 Protests, 1day
Feb 5 @ your downtown.
Pass the word!
Is it downtowns or state capitols?
Do people really still use Facebook?
Moms and dads and grammas. Somehow they got there and now they can't escape.
Is there another place to see this? I deleted my Facebook last week to avoid all the Nazi propaganda :(
The hashtag is #50501 apparently.
Should be 10 days if possible
If this increasing shortsightedness means what i think it means, i doubt he will be capable of office for all 4 years of his term.
Not promoting violence but was wondering if there is a deathpool... You know a place where you can place bets. A very specific deathpool. Perhaps someone can start this game as um...a joke...you know some kind of fun joke. A fun site where we can gather and joke about the deaths of dictators.
It doesn't. Project 2025 is what is happening. This shit was literally all written down.
he will live to be 107 and will easily finish his term unscathed
And who will remove him from office if deemed incapable? Would he be replaced by his vice president JD Vance who supports his policies?
Lou E. G.
That's another question.
What I still can’t comprehend as a non American: It’s not Canada that’s going to pay the tariffs. It’s mostly US companies and at the end the US consumers will pay for it. That’s literally grabbing money from the pockets of US citizens. In what way does this sound like a good idea to a Trump voter? What happens if the affected countries start trading with each other and ignore the US? Trade wars have the the potential to develop into a full scale war if one of the participants is starved of the precious oil…
Trump has mentioned that tariffs will help him pay for his planned tax cuts. Tariffs are like a flat-tax, which disproportionately help the rich while taking more from the poor.
I also think there may be some other angles they're working; but I'm not completely sure on. Trump often threatens people to solicit favors; so this may also be a way for him and his cronies collect bribes and favorably business deals from politicians and the wealthy from around the world. He may also have deals with Putin, because he's acting exactly how you'd expect a person to act who was trying to destroy the Western hegemony.
Well this is one of the big answers. Tariffs are a hidden or indirect tax. Stupid democrats didn't understand jack shit so didn't use it as a campaign issue. He's raising tax on everybody to pay for his tax cuts. He's said before he likes the revenue from tariffs in the old days. When you take this approach in conjunction with his thinking on the immigration issue - that by reducing pool of cheap labor, American businesses will pay more and increase wages for low level jobs, you can see where he's going with this. Prices certainly will be higher. I don't know about the wages.
Say you are a oil producer, and frack gas and oil in Texas, an industry that supported trump. Now imagine what tariffs on oil-imports from Canada means for your business: rising prices, since gas from Canada would be less competitive. Same with logging and wood products.
Most voters don't know how tariffs work and assume the country who's goods are being targeted are the ones who will pay. A lot of people are in for a rude awakening.
Trudeaux announced retaliatory tarifs, which is an appropriate response however shitty it is. Everyone but the 1% lose
This is starting because Trump himself also don't know how tariffs works
Also see the damn water reservoir thing because he doesn't even understand how water works
And see the Colombia thing
Those folks firmly believed the trickle-down myth as well
What happens if the affected countries start trading with each other and ignore the US?
That would mean less money in rich people's pockets, so we can't do that.
Dumbest executive in history, no surprise at all
"Makes no sense" is the perfect tagline for the entirety of a second Trump term.
"It's nonce-sense"
and that the US had a deeper “piggy bank” than its trading partners regarding a potential trade war.
I thought the US has almost 20 trilions in debts?
Who bought this debt (US treasury bonds)? Mostly China, Japan, North Americans and Europeans … So they depend on the system, the circle closes. The US is the biggest importer in the world, and the years since 1945 where used for exporter nations to optimize and streamline for the American costumer. Breaking away from that system would be painful.
If you are a non-Trump voter in a red state, especially if you work for the flagship company or industry in that state, I would like to apologize on behalf of all Canadians for what our government is about to do. We don't want to do it but it is the only way to deal with a bully.
Absolutely an anti-Trump voter in a red state who works in the healthcare industry where most of my repairs come from Canadian parts.
I know it's against the Canadian way but do not apologize. We voted this way, time to learn.
Apologizing while doing terrible things to teach a lesson is the Canadian way. Just look at how they treat native Americans.
I'll be here all week folks!
People, please don't forget that they (the trump admin) redid the trade agreement with Mexico and Canada in their previous term. We are in this shit because they couldn't even make a deal previously and still think they are masters of deals.
Does nobody understand the term "cash grab"? He'd play hell raising taxes on us to get what the tarrifs will get him
I think it's a great opportunity for Canada to develop more partnership with Europe, Mexico and the rest of the world. USA is an ennemi now, a dangerous one, it's time to bring this under-educated country to his knees. They need to pay for all the suffering they brought to the world. Sorry USA, we cant not friend anymore, you made your choices.
Sucks to be linked in when I didn't choose any of this. But I get it. You gotta at this point. Fuck us.
I agree, but we should have diversified our trade in the 90s when we realized Mulroney's us/can free trade agreement wasn't going to last forever, and when it was becoming obvious that China was rising fast as a manufacturing powerhouse.
IMO, we should have forged a tightly integrated trade agreement with the EU and spearheaded the Trans Pacific Partnership way sooner.
We're in the pickle of current events because we were largely complacent at the table of a global market that marched ahead without us in the ways we wanted.
The problem is that it's very difficult to move from a trading partner you share a land border with to ones that you have to cross the world's largest oceans to get to. Not just difficult, but largely undesirable. While national security might argue for diverse trading partners, short of applying extraordinary incentives business is going to go where its easy and profitable to go, and that's the US.
Since the nineties Canada has signed and ratified 15 free trade agreements. But none of that matters when we have one of the world's largest and wealthiest markets right next to us. Not unless we're willing to take extraordinary measures to change that dynamic.
This as an Australia, I'd be happy to see Australia aak fir EU entry.
Or we could start a Canada, Australia, Japan, NZ zone akin to the EU.
I wouldn't mind a new Commonwealth forming. Reformed based on looking towards the future of the greatest global community instead of the colonial past
We all decide to give our Commonwealth members populations a universal credit/basic income/whatever and enhance the ability to choose what to live. Become global Commonwealth citizens backed by the country we call home. Let us move freely. A supported migrant population taking advantage of seasonal differences in hemispheres
And if this goes down in flames... It will still be 1000x better than the current shitshow
There's already CANZUK
EU entry
As an Australian, no way. Do not want.
Less than two weeks in and a Republican President has editorials from the normally-Republican-friendly Wall Street Journal taking a whack at them.
goes over to see what Cato is up to
Looks like the top three stories are all also attacking Trump.
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Trump’s Deportations Will Hit American Workers, Too
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Trump Administration Purge of FBI Managers Underway
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Here Comes the Legal Campaign Against “Woke” Employers
For a guy aiming to make a big deal out of firing lots of government employees, he sure isn't getting much love from the small-government crowd.
EDIT: Just to add to that, Reason's top stories are also taking a whack at Trump:
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Tariffs on Canada, Mexico, and China Could Start This Weekend: Trump's second trade war has apparently arrived. There remains much uncertainty, but expect it to be costly.
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Trump's Pro-Growth, Anti-Trade Positions Are on a Collision Course
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Trump's Role Model McKinley Tariffed His Way to Imperialism
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Trump's 'Big, Beautiful Bill' Sets Up Another GOP Budget Showdown: Almost exactly one year after Congress swore off self-inflicted fiscal crises, we're back to the same tired theatrics.
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Why Is Paramount So Keen To Settle Trump's Laughable Lawsuit Against CBS?
Sure, now they complain.
Yeah I saw a Bloomberg headline this week that said the price of eggs will probably never come back down. If they had published that three months ago, maybe people wouldn't have based their vote around that.
Hah! Now the leopard is eating their dick.
Trump would make a bad king, too unpredictable. Conservative shit spouters like Jones are pivoting to papa Elon. Its gross
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Well it is from the dumbest president in history (for the 2nd time).
Didn't they just fire a few staff members critical of Trump?
I’m hoping we soon hear several new trade announcements coming from NATO partners that will help us collectively reduce our reliance on authoritative governments of all stripes.
