'Makes No Sense': WSJ Editorial Board Savages Trump Tariffs on Allies as 'Dumbest Trade War in History'

[Bluetus]

30. The worst thing about these tariffs, IMHO, is not the inflation per se, but

the fact that the inevitable inflation will push goods up to a new price point, and even after Trump has to back off the tariffs because they are so unpopular, this gives the big companies the opportunity to leave the prices high, even after the tariffs are gone.

Think Koch Industries, for example. They own Georgia Pacific. With Canadian lumber jumping by 25%, Koch will have no problem raising their prices by AT LEAST 25%, even if they don't import a single tree from Canada. We loves us some toilet paper.

When Quilted Northern TP and Brawny paper towels go up 25% sending Koch profits through the roof because they use their own forests, not Canada's, do you think those prices will ever come back down?

All this does is increase profits of individual companies that don't need any price protection in teh first place.