The Wall Street Journal's editorial board published a scathing piece calling Trump's revived trade war with Canada an escalation of what it previously dubbed the dumbest trade war in history. The U.S. imposed 50% tariffs on roughly $20 billion of Canadian goods, prompting Prime Minister Mark Carney to promise dollar-for-dollar retaliation starting September 8 across steel, dairy, appliances and other sectors.
Trump followed by threatening to raise auto tariffs to 50% starting January 1, calling Canada 'entitled' and one of the worst nations to deal with, and declaring the U.S. does not need it. The Journal noted Republicans are already being hurt on the campaign trail by tariffs and inflation, with voters seeing the trade fight as strategy-free.
The full dispatch is available from the source below.