Wall Street Journal Warns How Donald Trump’s Latest Risky Move Could Backfire

The Rupert Murdoch-owned Wall Street Journal on Monday once again torched President Donald Trump over his signature economic policy of tariffs.

But instead, it noted, Trump has “dusted off Section 122 of the Trade Act of 1974 as a work-around” to allow him to “impose tariffs of up to 15% across the board for up to 150 days” to deal, as the act allows, with what he claims are “large and serious United States balance-of-payments deficits.”

Trump is “aiming in fury at the Supreme Court, but he will end up hitting the economy and Republicans in Congress,” the board said, noting how the use of the act could result in legal challenges, “create more uncertainty for business,” and cost Republicans in the upcoming midterm elections.