Wall Street Journal Hits Donald Trump With The Harsh Truth About His 'Golden Age' Boast

The Wall Street Journal’s blimpish editorial committee connected Monday cheered President Donald Trump’s climbdown from his mega-tariffs connected China, busting the White House’s rotation connected it arsenic a triumph by describing it successful an op-ed arsenic “more surrender than Trump victory.”

“Rarely has an economical argumentation been repudiated arsenic soundly, and arsenic quickly, arsenic President Trump’s Liberation Day tariffs—and by Mr. Trump’s ain hand,” wrote the newspaper, whose committee has been a fierce professional of Trump’s second-term commercialized policies, peculiarly his tariffs.

A “tragedy” of Trump’s “shoot-America-in-the-foot-first approach,” said the paper, “is that he’s wounded his chances of rallying a agreed beforehand of countries against Beijing’s mercantilism.” “By targeting allies with tariffs, Mr. Trump has eroded spot successful America’s economical and governmental reliability,” it lamented.

But the imaginable “silver lining,” said the Journal, is that markets person forced Trump “to backmost down from his fever imagination that precocious tariff walls volition usher successful a caller ‘golden age.’”

“The property didn’t past 2 months, and it was much leaden than golden,” it added.

China and the U.S. agreed, successful the statement announced Monday, to intermission the bulk of tariffs for 90 days.

American tariffs connected Chinese imports volition descend from 145% to 30%. Chinese tariffs connected U.S. imports volition trim from 125% to 10%.

Read the afloat editorial here.

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