Posted on 04/10/2025 5:04:45 PM PDT by karpov
Some thoughts on a climbdown for the ages.
The reaction was widespread relief in America and the world. Americans want their country to be the world’s growth engine but not, as a former Reagan administration official put it, through policies “that risk the collapse of the global financial system.”
Donald Trump scared people he hadn’t scared before. He didn’t use to scare his policy allies—small-business people, workers, retirees. He did this week. Fear dampens reflexive support. Politicians need reflexive support from the bottom of their base as a platform from which to move. The president weakened his position.
It is hard to see how it helps him with Republicans in Congress. It demonstrated to them that his judgment can be wrong about big things. So he can be wrong about the “big, beautiful bill.”
His own top staffers look as if he made them afraid in a new way. Fear doesn’t solidify relationships.
The tariff regime made the world doubt his constructiveness and good faith. It would have been understood if he’d gathered allies and taken a big swing at China. Instead he took a big swing at the world, including China. It damaged America’s credibility.
It wasn’t good to let the world know, or to remind it so vividly, that the way to get America to back off is to tank its bond market. Those bonds, as Zanny Minton Beddoes of the Economist put it, are “the ultimate faith asset.” The world has been reminded they could become the ultimate weak spot.
Administration cheerleaders say the whole drama shows yet again the president will be bold to get what he wants. Who doubted that?
(Excerpt) Read more at wsj.com ...
Garbage...
Peggy who?
Take a hike Peg.
Has she read the article of the deal
What a load of BS
GOOD!!!!!!
President Trump "scared" the EU/NATO into actually funding their own defense. WHAT A CONCEPT!
Seventy plus countries are so "scared" that each one of them is pleading for a place in the front of the tariff line to settle, agree with President Trump.
MORE! MORE! MORE!
So, did he succeed by failing, or fail by succeeding?
There was no climbdown. There are still tariffs in place:
-Steel and Aluminum tariffs of 25% still in place.
-Auto tariffs of 25% still in place.
-Reciprocal tariffs 10% for all, 125% for China.
The Wall Street Journal who has had no credibility for a couple of decades trots out a fossil just to confirm they are no longer relevant. It’s like a SNL parody at this point.
LOL. Complete nonsense. The left and Never Trumpers have been touting this BS since the world, except for the suicidal CCP, capitulated to President Trump’s successful financial maneuvers. They are loath ever to give the man they hate so much any credit for anything whatsoever.
Their hatred for this man supersedes all logic and reasoning. Period.
“Some thoughts on a climbdown for the ages.”
At least she had the decency to put her spurt of venom up front.
Does she get paid for this? It reads like a diary entry.
Peggy Noonan? Seriously?
Peggy Noonan??? She’s the embodiment of hubris, superciliousness, and arrogance. I couldn’t care less what she thinks about ANYTHING.
I agree, garbage—both the ideas and the writing. Was is supposed to sound like some odd beat poem?
I remember Peggy Noonan.
so now the quoting Reagan...
smh...
Such a trashy article full of bs, everyone I talk to loving it and wanting to go full tariff throttle. Americans are tired of being slaves and want to take back their country.
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