‘A pile of impulsive, ill-considered threats’: Wall Street Journal trashes Trump’s disastrous foreign policy ‘mess’
Tom Boggioni TOM BOGGIONI
25 MAY 2018 AT 15:49 ET
excerpt:
Under the headline, “Trump’s Trade Confusion,” the editorial cut right to the chase.
“President Trump wants everyone to know he is a master trade negotiator, but this week his volleys look more like a mess than mastery,” they wrote. “His China policy is all over the place, Nafta is in jeopardy, and his new threat to impose a 25% tariff on auto imports undercuts his foreign policy and economic goals. But perhaps there’s some grand strategy that will eventually unveil itself and wow the crowds.”
According to the editors, whose main audience is investors and businessmen, Trump is a threat to the economy due to his threats of tariffs and his administration’s lack of understanding about how worldwide economies have evolved.
“Commerce Secretary Wilbur Ross declared on Wednesday that ‘there is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry.’ There is? ” the Journal scoffed. “The real evidence is that America’s Big Three car markers became less competitive as an oligopoly, and foreign imports forced them to shape up and make better cars.”
“U.S. automakers aren’t asking for and don’t need protection. GM and Ford produce some small cars in Mexico to comply with fuel-efficiency mandates, but imports make up only about 1% of their sales. American manufacturers have been scaling back domestic production of some small passenger models, but that’s because of declining demand, not imports,” the WSJ scolded.
Under the headline, “Trump’s Trade Confusion,” the editorial cut right to the chase.
“President Trump wants everyone to know he is a master trade negotiator, but this week his volleys look more like a mess than mastery,” they wrote. “His China policy is all over the place, Nafta is in jeopardy, and his new threat to impose a 25% tariff on auto imports undercuts his foreign policy and economic goals. But perhaps there’s some grand strategy that will eventually unveil itself and wow the crowds.”
According to the editors, whose main audience is investors and businessmen, Trump is a threat to the economy due to his threats of tariffs and his administration’s lack of understanding about how worldwide economies have evolved.
“Commerce Secretary Wilbur Ross declared on Wednesday that ‘there is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry.’ There is? ” the Journal scoffed. “The real evidence is that America’s Big Three car markers became less competitive as an oligopoly, and foreign imports forced them to shape up and make better cars.”
“U.S. automakers aren’t asking for and don’t need protection. GM and Ford produce some small cars in Mexico to comply with fuel-efficiency mandates, but imports make up only about 1% of their sales. American manufacturers have been scaling back domestic production of some small passenger models, but that’s because of declining demand, not imports,” the WSJ scolded.
Under the headline, “Trump’s Trade Confusion,” the editorial cut right to the chase.
“President Trump wants everyone to know he is a master trade negotiator, but this week his volleys look more like a mess than mastery,” they wrote. “His China policy is all over the place, Nafta is in jeopardy, and his new threat to impose a 25% tariff on auto imports undercuts his foreign policy and economic goals. But perhaps there’s some grand strategy that will eventually unveil itself and wow the crowds.”
According to the editors, whose main audience is investors and businessmen, Trump is a threat to the economy due to his threats of tariffs and his administration’s lack of understanding about how worldwide economies have evolved.
“Commerce Secretary Wilbur Ross declared on Wednesday that ‘there is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry.’ There is? ” the Journal scoffed. “The real evidence is that America’s Big Three car markers became less competitive as an oligopoly, and foreign imports forced them to shape up and make better cars.”
“U.S. automakers aren’t asking for and don’t need protection. GM and Ford produce some small cars in Mexico to comply with fuel-efficiency mandates, but imports make up only about 1% of their sales. American manufacturers have been scaling back domestic production of some small passenger models, but that’s because of declining demand, not imports,” the WSJ scolded.
Under the headline, “Trump’s Trade Confusion,” the editorial cut right to the chase.
“President Trump wants everyone to know he is a master trade negotiator, but this week his volleys look more like a mess than mastery,” they wrote. “His China policy is all over the place, Nafta is in jeopardy, and his new threat to impose a 25% tariff on auto imports undercuts his foreign policy and economic goals. But perhaps there’s some grand strategy that will eventually unveil itself and wow the crowds.”
According to the editors, whose main audience is investors and businessmen, Trump is a threat to the economy due to his threats of tariffs and his administration’s lack of understanding about how worldwide economies have evolved.
“Commerce Secretary Wilbur Ross declared on Wednesday that ‘there is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry.’ There is? ” the Journal scoffed. “The real evidence is that America’s Big Three car markers became less competitive as an oligopoly, and foreign imports forced them to shape up and make better cars.”
“U.S. automakers aren’t asking for and don’t need protection. GM and Ford produce some small cars in Mexico to comply with fuel-efficiency mandates, but imports make up only about 1% of their sales. American manufacturers have been scaling back domestic production of some small passenger models, but that’s because of declining demand, not imports,” the WSJ scolded.
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