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Wall Street Journal editorial calls Trump tariffs ‘dumbest trade war in history’

www.theguardian.com Wall Street Journal editorial calls Trump tariffs ‘dumbest trade war in history’

Some US business leaders reacted neutrally, while JP Morgan CEO says tariff threats can be used effectively

Wall Street Journal editorial calls Trump tariffs ‘dumbest trade war in history’

Summary

The Wall Street Journal criticized Trump’s new tariffs on Canada, Mexico, and China as “the dumbest trade war in history.”

Trump imposed a 25% tariff on Canadian and Mexican imports and 10% on Chinese goods, citing national security concerns.

Critics, including economists and business leaders, warn of higher prices and economic harm, with estimates showing a $1,000–$1,200 annual hit to US households.

Canada, Mexico, and China announced retaliatory measures. Trump defended his policy, while critics argue it will worsen inflation and disrupt key supply chains.

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