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Trump’s Tariff Folly

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Fri, 02 Mar 18 4:49 PM | 62 view(s)
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Trump’s Tariff Folly
His tax on aluminum and steel will hurt the economy and his voters.

By The Editorial Board
Updated March 1, 2018 10:51 p.m. ET

Donald Trump made the biggest policy blunder of his Presidency Thursday by announcing that next week he’ll impose tariffs of 25% on imported steel and 10% on aluminum. This tax increase will punish American workers, invite retaliation that will harm U.S. exports, divide his political coalition at home, anger allies abroad, and undermine his tax and regulatory reforms. The Dow Jones Industrial Average fell 1.7% on the news, as investors absorbed the self-inflicted folly.

article:
http://www.wsj.com/articles/trumps-tariff-folly-1519950205




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