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- cross-posted to:
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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.
Luigi!