The Wall Street Journal’s editorial board ripped into Donald Trump’s tariff flip-flop fiasco in a blistering op-ed.
Trump immediately pulling back from his 145% tariffs on China is a complete surrender. When reality slaps you in the face, hard, sometimes even a narcissist like Trump takes heed.
Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs—and by Mr. Trump’s own hand. Witness the agreement Monday morning to scale back his punitive tariffs on China—his second major retreat in less than a week. This is a win for economic reality, and for American prosperity.
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As with last week’s modest British agreement, the China deal is more surrender than Trump victory.
The only people believing in Trump’s massive tariffs misfire are MAGA cult members like Peter Navarro and his entire economic cabinet.
