Wall Street Journal Poses 1 Awkward Question About A Signature Trump Policy | EUROtoday

The Wall Street Journal on Wednesday questioned the aim of Donald Trump’s tariffs.

The newspaper highlighted the upheaval and toll they’ve positioned on the United States — from diplomatic fallout to Americans having to pay greater costs for imported items ― and requested: “All of this for what benefit?”

The Rupert Murdoch-owned newspaper’s conservative editorial board acknowledged, in its newest in an extended line of essays taking purpose on the president’s signature financial coverage, that the inventory market is rising, as Trump has boasted about.

But it additionally famous that “it tends to rise when Mr. Trump dials back a tariff threat, and fall when he issues a new one,” and concluded that tariffs are, the truth is, broadly “a market loser.”

The board ended with a stark evaluation: “Voters elected Mr. Trump to revive economic growth and tame inflation. His biggest successes have come despite his tariffs, not because of them. He isn’t going to repeal them. But if he froze them in place now and declared victory, he’d have a better chance of persuading Americans that he’s fulfilling his promise.”