TL;DR

Trump’s tariffs on Canada and Mexico are a self-inflicted wound, a textbook example of how protectionism hurts everyone involved. The irony? The very people who cheered for this “trade war” will likely bear the brunt of its consequences.

Story

Trump’s trade war against Canada and Mexico? It’s like watching a toddler play with matches in a gasoline-soaked room. The “logic” behind slapping tariffs on our closest allies is as flimsy as a house of cards in a hurricane.

‣ Tariff: A tax on imported goods, making them pricier. It’s like adding an extra fee just because something wasn’t “Made in America.” What’s the point here? Supposedly to protect American industries. But it’s more likely to hurt them by sparking retaliation.

Remember 2008? Or the dot-com bubble? History screams that protectionist policies rarely end well. They trigger price hikes, job losses, and economic chaos. Yet, here we are again, playing with fire.

The human cost? Imagine John, a Midwest farmer who voted for Trump hoping for better days. Now, his corn sits unsold, prices skyrocket, and his livelihood crumbles under the weight of a pointless trade war. Multiply John’s story by thousands, and you see the real impact of this reckless gamble.

This isn’t about “winning” a trade war. It’s about political grandstanding with the economy as a pawn. It’s about ignoring expert advice and embracing a fantasy where tariffs magically revive industries. It’s about the hubris of thinking you can rewrite the rules of global trade without consequences.

The sad truth? In this game of economic chicken, everyone loses. And we, the everyday citizens, pay the heaviest price.

Advice

Don’t mistake political theater for sound economic policy. Tariffs rarely benefit the average citizen. Be wary of leaders who promise easy solutions to complex global issues.

Source

https://www.reddit.com/r/investing/comments/1ig2i8e/wsj_the_dumbest_trade_war_in_history_trump_will/