Some US business leaders reacted neutrally, while JP Morgan CEO says tariff threats can be used effectively

Summary

The Wall Street Journal criticized Trump’s new tariffs on Canada, Mexico, and China as “the dumbest trade war in history.”

Trump imposed a 25% tariff on Canadian and Mexican imports and 10% on Chinese goods, citing national security concerns.

Critics, including economists and business leaders, warn of higher prices and economic harm, with estimates showing a $1,000–$1,200 annual hit to US households.

Canada, Mexico, and China announced retaliatory measures. Trump defended his policy, while critics argue it will worsen inflation and disrupt key supply chains.

  • BlueCollarRockstar
    32·
    12 hours ago

    That $1000 - $1200 annual hit almost certainly doesn’t take into account that every corp is going to use it as an excuse to raise prices for everything across the board. Who thinks we’re only gonna pay the minimum required to offset tarrifs? It’ll be another year of record profits.

    • Flying Squid@lemmy.world
      51·
      9 hours ago

      Who exactly do you expect to be assassinated to solve this problem? Trump? Then Vance? Then Johnson? Look at the line of succession. There will be a Republican to replace who ever is killed over and over.

        • Flying Squid@lemmy.world
          52·
          6 hours ago

          You cannot fix systemic problems through assassination.

          I have no idea why I have to keep telling people the fucking obvious thing about this.

          What Luigi Mangione did I entirely sympathize with. However, nothing has changed about America’s healthcare system as a result. People like you don’t seem to notice that and I don’t know why.

          • hdnsmbt@lemmy.world
            1·
            3 hours ago

            I said nothing about solving any problems because I agree, systems need to be changed from within (not that anybody expected a big systemic change after just one dead CEO like you imply). Workers’ rights did improve partly due to violence throughout history, though, but that’s not my point.

            My point is Nazis can’t be fixed.

            • Soulg
              1·
              2 hours ago

              Nazis can absolutely be fixed. It’s happened countless times to small time nazis.

              The question is whether it’s worth the time and effort to want individual, and to most it isn’t.

        • Flying Squid@lemmy.world
          41·
          8 hours ago

          Cute way of avoiding my question since you absolutely know you weren’t. I might be stupid, but I doubt you are.