In a fiery post on Truth Social, President Donald Trump sharply criticized The Wall Street Journal (WSJ), accusing the publication of promoting an outdated and EU-biased perspective amid the ongoing trade tensions between the United States and the European Union.
Trump labeled the WSJ as “The Globalist Wall Street Journal,” alleging that it is “owned by the polluted thinking of the European Union,” and went as far as claiming that the EU was “formed for the primary purpose of ‘screwing’ the United States of America.” He described the newspaper’s perspective as “antiquated and weak, and very bad for the USA.”
Despite the rising tensions, Trump struck a confident tone in his message. “Have no fear, we will WIN on everything!” he declared, highlighting that recent economic indicators—like falling egg prices, oil prices, and interest rates—demonstrate the strength of his trade strategy. He further claimed, “TARIFF RELATED MONEY IS POURING INTO THE UNITED STATES.”
Trump concluded his post with a historical reference, echoing Franklin D. Roosevelt’s famous words: “The only thing you have to fear, is fear itself!”
Tariff Tensions Escalate
Trump’s comments come amid a deepening trade dispute between the U.S. and the EU. Recently, the president announced a 25% tariff on a range of goods imported from the EU, with a particular focus on the automotive sector. Trump argued that these tariffs are necessary to protect American industries and address what he described as unfair trade practices by the European bloc.
In response, the EU imposed a 50% tariff on American whiskey, signaling its readiness to retaliate against U.S. trade measures. In turn, Trump threatened even steeper tariffs—up to 200%—on European imports, including popular products like wine and champagne. This standoff now risks affecting over $10 billion in European exports to the U.S.
Impact on Global Markets
The trade battle has already sent shockwaves through global markets. Shares of European luxury goods companies, including prominent wine and spirit producers, have seen noticeable declines following Trump’s tariff threats. Analysts warn that prolonged tensions could impact both American and European industries, potentially leading to higher consumer prices and disrupted supply chains.
Despite these risks, Commerce Secretary Howard Lutnick defended the administration’s approach. Speaking to reporters, Lutnick said the tariffs are designed to protect American workers and industries. “Even if there’s a short-term economic impact, these tariffs are worth it for the long-term strength of the U.S. economy,” he stated. Lutnick emphasized that the trade measures aim to encourage domestic growth and investment.
Industry Reactions
The Distilled Spirits Council of the United States has urged both sides to seek a resolution, warning that continued tariffs could harm industries on both sides of the Atlantic. “Tariffs are taxes on American businesses and consumers,” a council spokesperson said. “We urge leaders to negotiate and eliminate these barriers to ensure mutual economic prosperity.”
Meanwhile, European officials have expressed disappointment over the escalating rhetoric, emphasizing the importance of maintaining strong transatlantic trade relations.
What’s Next?
As the U.S. and EU remain locked in this trade standoff, analysts suggest that further negotiations will be critical to preventing long-term economic fallout. The stakes are high, with industries, businesses, and consumers on both continents anxiously awaiting the next developments.
While Trump remains steadfast in his approach, declaring victory inevitable, economists caution that protracted trade disputes could have far-reaching consequences. As one analyst put it, “Tariff wars are easy to start but hard to end without significant economic costs.”
For now, the world watches closely as these two major economies navigate one of their most contentious trade disputes in recent history.
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