The Wall Street Journal issued a cautionary editorial on the 100th day of President Trump's second term, citing his need for a significant course correction. Although acknowledging Trump's accomplishments in energy production and foreign policy, the editorial criticized his handling of trade wars and suggested that these could undermine his presidency. The tariffs are seen as detrimental to economic stability, resulting in increased consumer prices and global confidence. The warning reflects concerns that his current approach deviates from the successful policies of his first term.
Ken Griffin, the investor and major donor to Mr. Trump, summed it up last week as a self-inflicted blow to the American brand.
It's a mistake to think the tariff damage is only domestic. The willy-nilly assault on friends and foes has shaken global confidence in U.S. reliability.
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