Trump Dunks On Wall Street Journal Editors In New Op-Ed - WSJ Repeated 'Debunked Talking Points From Corporate-Funded Studies'

Donald J. Trump, the Republican frontrunner for the 2024 presidential nomination and 45th president of the United States, marked the waning days of August by issuing a resounding and incisive rebuke to the Editorial Board of The Wall Street Journal, which the publication to its credit published on Wednesday.  

Trump wrote to WSJ in response to an Editorial penned by the publication's board which suggested that Trump in his second term would trigger a "Global Trade War." The board wrote, "On economic policy [Trump's] record is that he means what he says, for better or worse. His leading message for a second term these days is that Americans should be prepared to pay more for all kinds of goods because he plans to impose a 10% tariff on all foreign goods sold in America."

In its condemnation of Trump's protectionist policies, the board cited a Tax Foundation analysiscomments from businesses dependent on imports, and a study from the Peterson Institute for International Economics that he derided as "corporate-funded studies about our tariffs’ alleged impact on American consumers."

As previously reported by DC Enquirer, Trump recently met with former White House officials Larry Kudlow and Brooke Rollins, as well as economist Stephen Moore and former House Speaker Newt Gingrich to discuss his trade-focused economic plan that would include "a 'universal baseline tariff' that would be imposed on all countries unless granted special permission, which Trump has previously said could be around 10%."

Trump began the letter by pointing out, "Even after being proven spectacularly and totally wrong in all their past predictions regarding my historically successful trade policies, the die-hard globalists at the editorial board still have not learned their lesson."

He refuted the editorial directly stating,

"Price increases for consumers were virtually nonexistent and there was effectively no inflation when I was president. The trade deficit with China was down year-over-year for five straight quarters before Covid hit in 2020."

Trump continued by differentiating himself from his general election opponent, incumbent Democrat President Joe Biden. 

"Under Joe Biden, our trade deficits, also known as losses, have hit record highs. Since 2000 the U.S. has racked up $17 trillion in cumulative trade deficits with the world. Only a fool or a fanatic would dismiss these facts as irrelevant.

These gigantic sums of exported wealth are being used to build up our enemies’ military strength and transfer permanent ownership of American companies, intellectual property, real estate, and other assets to foreign nations. Foreigners now own $16.75 trillion more of our economy than we own of theirs. Our country is being plundered."

The 45th president then proposed a solution to the predation of the Democrat's policies: "The best way to stop this hemorrhaging of America’s lifeblood is a simple but powerful tariff on most foreign products, like the kind that was the primary source of government revenue through most of American history, and which built this country into the manufacturing powerhouse of the world."

He concluded his response by not shying away from a word that the left has worked feverishly to characterize as fascistic and authoritarian but once typified American policy: nationalism.

"As I demonstrated repeatedly, the tariff is also an important tool of U.S. national security and diplomacy. I am proud to be the only candidate for president who believes in true economic nationalism."

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  • Article Source: DC Enquirer
  • Photo: Photo by Chip Somodevilla/Getty Images / Getty Images
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