{"id":28168,"date":"2025-07-28T19:10:08","date_gmt":"2025-07-28T19:10:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/28168\/"},"modified":"2025-07-28T19:10:08","modified_gmt":"2025-07-28T19:10:08","slug":"murdoch-paper-rips-trump-over-odd-eu-deal-that-abandons-his-goals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/28168\/","title":{"rendered":"Murdoch Paper Rips Trump Over \u2018Odd\u2019 EU Deal That \u2018Abandons His Goals\u2019"},"content":{"rendered":"

A newspaper owned by media tycoon Rupert Murdoch has yet again ripped into Donald \u201cTACO\u201d Trump<\/a> for what it describes as reneging on his commitments and driving up the cost of living for the American people. <\/p>\n

The Wall Street Journal\u2019s editorial<\/a> takes on the president\u2019s agreement with the European Union to effectively mitigate the president\u2019s trade war against the bloc. <\/p>\n

Trump\u2014whose reversals are now so frequent they have gotten a viral nickname, TACO, short for Trump Always Chickens Out\u2014had threatened tariffs<\/a> as high as 30 percent on EU goods. Member states warned they would introduce retaliatory levies on the American aerospace, automotive, poultry, and steel industries, among others.<\/p>\n

\"WASHINGTON,The Wall Street Journal, owned by media tycoon Rupert Murdoch, has eviscerated President Donald Trump for what it describes as him yet again chickening out on his own trade policies. Anna Moneymaker\/Getty Images <\/p>\n

The president has now instead committed to imposing levies of 15 percent on imports across the board, with a 50 percent border tax still in place on EU steel and aluminum exports from the continent. <\/p>\n

The Journal\u2019s editorial board laments that \u201calas, the deal doesn\u2019t appear to address America\u2019s biggest commercial grievances with Europe, such as digital taxes, punitive regulation against U.S. tech firms, and such faux food-safety rules as GMO restrictions and bans on hormone-treated U.S. beef.\u201d<\/p>\n

\"PresidentTrump is currently suing the paper for $10 billion over its reporting on the extent of his relationship with disgraced financier and convicted sex trafficker Jeffrey Epstein. Davidoff Studios Photography\/Getty Images <\/p>\n

In particular, the paper notes that the arrangement doesn\u2019t \u201crequire Europeans to pay more for drugs,\u201d one of Trump\u2019s long-running bugbears, while the tariffs will result in higher drug costs for Americans by imposing effective tax increases on \u201cpharmaceutical imports and ingredients.\u201d<\/p>\n

\u201cMaking Americans pay more for drugs via the tariff is an odd way to punish Europe for its price controls that let it free ride on American drug innovation,\u201d the editorial states. <\/p>\n

The newspaper goes on to say that Trump\u2019s supporters are currently \u201cpulling what amounts to a rhetorical and political bait and switch\u201d over his economic vision. \u201cBecause there hasn\u2019t been a recession or a global tariff spiral, they say his trade policy is a great success,\u201d its editorial board writes. \u201cNo Great Depression II, the critics must have been wrong.\u201d<\/p>\n

But the paper argues Trump appearing \u201cto have abandoned [his] goals<\/a>\u201d in the recent EU deal represents a retreat \u201cfrom his North American and reciprocal trade assaults, and the damage in lost trust in the U.S. and new economic costs is still real.\u201d<\/p>\n

The Daily Beast has reached out to the White House for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"A newspaper owned by media tycoon Rupert Murdoch has yet again ripped into Donald \u201cTACO\u201d Trump for what…\n","protected":false},"author":2,"featured_media":28169,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,5834,164,2588,27067,4688,27068,27066],"class_list":["post-28168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-donald-j-trump","tag-economy","tag-european-union","tag-rupert-murdoch","tag-tariffs","tag-the-wall-street-journal","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/28168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=28168"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/28168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/28169"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=28168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=28168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=28168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}