Monday, February 3, 2025

The Dumbest Trade War Fallout Begins

 https://www.wsj.com/opinion/the-trump-tariff-fallout-begins-canada-mexico-vow-retaliation-economic-uncertainty-da522b44?mod=hp_opin_pos_0

President Trump conceded Sunday that there may be “some pain” from his sweeping tariffs on Mexico and Canada, but they will eventually lead to a new “GOLDEN AGE.” Nice of him to promise a glorious future because the pain is already unfolding, and the tariffs won’t even take effect until Tuesday.

We appreciate Mr. Trump’s attention, though we’re anti-tariff and not lobbyists. But bad policy has damaging consequences, whether or not Mr. Trump chooses to admit it. Mr. Trump can’t repeal the laws of economics any more than Joe Biden could on inflation.

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