To: locogringo who wrote (1058177 ) 3/2/2018 10:12:59 AM From: Wharf Rat 1 RecommendationRecommended By
Read Replies (2) | Respond to "Described as total FAKENEWS on FOX BUSINESS this morning"Wall Street Journal rakes Trump over the coals for ‘biggest policy blunder of his presidency’ rawstory.com Wall Street Journal , the editorial board called out President Donald Trump for allegedly making “the biggest policy blunder of his presidency.”The Journal wrote that the move would “punish American workers” and would ultimately “invite retaliation” from other nations that would “harm U.S. exports.”Gary Cohn threatened to resign .The Journal wrote. They predict a few American companies will do well for a short time, but that in the long-term, it will harm the U.S.“We have with us the biggest steel companies in the United States. They used to be a lot bigger, but they’re going to be a lot bigger again,” they cited Trump saying Thursday.“No, they won’t,” The Journal said simply. “The immediate impact will be to make the U.S. an island of high-priced steel and aluminum. The U.S. companies will raise their prices to nearly match the tariffs while snatching some market share. The additional profits will flow to executives in higher bonuses and shareholders, at least until the higher prices hurt their steel and aluminum-using customers. Then U.S. steel and aluminum makers will be hurt as well.” Read the full op-ed at the Wall Street Journal .
