San Salvador Times

The Pulse of El Salvador’s Transformation
Thursday, Apr 03, 2025

Wall Street Journal Criticizes Trump's Trade War with Canada and Mexico

The Wall Street Journal warns that Trump's tariffs on Canada and Mexico may harm the U.S. economy and automotive industry.
In an editorial, the Wall Street Journal has sharply criticized President Donald Trump's decision to impose tariffs on Canada and Mexico, calling it 'the dumbest trade war in history.' The newspaper points out the disproportionate 25% tariff on the two U.S. allies, while China, the U.S.'s main rival, faces only a 10% tariff.

The editorial humorously references a quote by Bernard Lewis, noting, 'It is dangerous to be America's enemy, but it can be lethal to be its friend.'

The justification for the tariffs, as stated by White House spokesperson Carolyn Leavitt, was that Canada and Mexico 'allowed illegal drugs to flow into America,' but the Wall Street Journal notes that drugs have been entering the U.S. for decades and will continue to do so as long as there is demand.

The editorial also critiques Trump's statement, 'We don’t need their products.

We have all the oil we need; we have all the wood we need,' suggesting that Trump might believe the U.S. can operate as a completely self-sufficient economy, a policy known as autarky.

The article highlights the potential damage to the U.S. automotive industry, a sector closely tied to Canada and Mexico due to cross-border supply chains.

In 2024, Canada supplied nearly 13% of U.S. auto parts imports, while Mexico provided almost 42%.

The U.S. automotive industry contributed over 809 billion dollars to the economy in 2023, supporting nearly 9.7 million jobs.

The U.S. also exported cars and parts worth 86.2 billion dollars to Canada and Mexico that year.

The editorial warns of potential retaliation from Canada and Mexico, both of which have shown their ability to respond effectively to trade disruptions.

Canadian Prime Minister Justin Trudeau has already promised to retaliate dollar-for-dollar against U.S. tariffs.

The Wall Street Journal concludes by stating that none of these actions should have occurred under the US-Mexico-Canada Agreement (USMCA) negotiated and signed by Trump during his first term.

It asserts that the U.S. ignoring its trade commitments could undermine future international negotiations and damage relationships with allies.
Newsletter

Related Articles

0:00
0:00
Close
The Trump administration annuls legal status for more than 530,000 migrants hailing from four nations.
The deportation of suspected Venezuelan gang members to El Salvador has sparked legal and human rights issues.
US Federal Reserve Reduces Economic Growth Outlook Due to Tariff Ambiguity
Intense Tornadoes and Dust Storms Result in 33 Deaths Throughout Central and Southern United States
The ICC's Retaliation for Drug Dealers, Targeting Philippine President Duterte, Who Battled Them and Preserved the Lives of 100 Million Filipinos from the Drug-Death Trade—overlooking the reality that every triumph carries a price.
Ex-President of the Philippines Rodrigo Duterte Detained in Manila Under ICC Warrant
US Announces $10 Million Bounty for the Capture of Ex-Olympic Snowboarder Turned Drug Lord
El Salvador Pursues Extradition of Former Colonel Tied to 1982 Killings of Dutch Reporters
U.S. Creates Strategic Cryptocurrency Reserve, Triggering Market Upturn
Mexico Suggests Constitutional Amendments to Protect Sovereignty in Response to U.S. Terrorist Labeling of Cartels
Tequila Sector Faces Oversupply Challenge as Agave Prices Dive
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
BRICS Leaders to Gather in Rio de Janeiro for July Summit.
California's CalExit movement is gaining momentum amidst ongoing political and economic discussions in the state.
Trump Asserts BRICS 'Is No More' Due to Tariff Threats
OpenAI Modifies Approach in Response to Growing AI Competition
The Trump administration is assessing El Salvador's proposal to accommodate U.S. prisoners.
Trump Wins Again as Canada Agrees to Strengthen Border Security
Wall Street Journal Criticizes Trump's Trade War with Canada and Mexico
Trump Freezes Tariffs on Mexico After Agreement on Border Security
Apple Abandons AR Glasses Project Amid Struggles with Technology and Market Demand
Trump Imposes Emergency Tariffs on Colombia Following Immigration Dispute
Trump: Canada Should Become the 51st U.S. State
Panama Rules Out Negotiations With US Over Control of Canal
The 'Chinese Pearl Harbor' on U.S. Tech: DeepSeek's Launch Triggers Market Collapse
Presidents Trump and Bukele Discuss Migration and Gang Activity in Regional Phone Call
The Trump Era 2: A Time of Dramatic and Profound Change
BlackRock CEO Larry Fink Suggests Bitcoin Could Reach $700,000 with Increased Institutional Investment
Trump to Announce $500 Billion AI Infrastructure Investment
Five Billionaires on Track to Break One Trillion Dollar Wealth Barrier
TikTok Restored in the U.S. Following Trump inauguration
Rising Alcohol Consumption Among Middle-Aged Adults Sparks Health Concerns
Wildfires in California Poised to Be the Most Expensive in U.S. History
California Wildfires Poised to Become Most Expensive in U.S. History
Lunatic Man Charged with Attempted Murder After Pushing Commuter onto NYC Subway Tracks
Trump's Stance on H-1B Visas: Balancing Economic Value and National Interest
Samsung's Strategic Gambit: Groundbreaking Patents and the Battle for Technological Supremacy
Polarization: The Word That Unites a Divided Era
×