CAL THOMAS COMMENTARY FEBRUARY 4, 2024
LAST SATURDAY, THE WALL STREET JOURNAL PUBLISHED AN EDITORIAL CRITICAL OF PRESIDENT TRUMP’S DECISION TO IMPOSE TARIFFS ON CANADA, MEXICO AND CHINA.
IN THE RECENT PAST, TRUMP’S THREAT OF TARIFFS HAVE CAUSED SOME COUNTRIES TO DO HIS BIDDING. THAT IS NOT THE CASE THIS TIME, SO FAR. CANADA AND MEXICO SAY THEY ARE RETALIATING WITH TARIFFS OF THEIR OWN ON U.S. GOODS.
THE JOURNAL RESPONDED TO TRUMP’S CRITICISM, NOTING THAT TARIFFS ARE TAXES AND SOMEONE HAS TO PAY THEM. IT SAID, “MR. TRUMP CAN’T REPEAL THE LAWS OF ECONOMICS ANY MORE THAN JOE BIDEN COULD ON INFLATION.”
THE JOURNAL SAID: “CANADA’S NEW BORDER TAXES WILL HIT ORANGE JUICE, WHISKEY AND PEANUT BUTTER – ALL FROM STATES WITH GOP SENATORS. PRIME MINISTER TRUDEAU SAID OTTAWA’S TARIFF LIST WOULD ALSO INCUDE BEER, WINE VEGETABLES, PERFUME, CLOTHING, SHOES, HOUSEHOLD APPLIANCES, FURNITURE AND MUCH MORE.”
TRUMP MAY BE RIGHT THAT CANADA, MEXICO AND CHINA ARE TREATING AMERICA UNFAIRLY BUT ARE TARIFFS THE SOLUTION? THE STOCK MARKET DOESN’T THINK SO. REMEMBER, TRUMP PROMISED TO LOWER PRICES. I’M CAL THOMAS.
