Journal 2

Carlos Cerna Reichmann

Reflective Journal 2

08/18/19

The Trade Uncertainty Principle

         According to the Editorial of the Wall Street Journal, “policies from the left or from the right can create uncertainty on markets”.

Although Trump has done a good job in overall terms, specially in 2017 due to the new tax deduction and heavy deregulation on the markets, he continues to brag about how good is still going in 2019.Trump has created a plethora of uncertainty in the markets and this has created a slower growth than in his previous year of administration, making liberals point out the bad economic news. However, Trump is right pointing out the fact that progressives exhibit a double standard when they defend Obama’s hyper regulation and the uncertainty that it created on the markets.

The Fed has shown evidence that the protectionist measures of the current administration have shown a declining pace in business investment and economists have found that the trade uncertainty policy or TPU has increased. Consequently, the article points out that there have been a decreased of 0.8% on GDP growth in the first half of 2019.

The cohesion and structure of the text is really neatly done. Although it is an opinion article recognized by the editorial, they make a fantastic job by avoiding bias and relying on statistics to prove the point they want to express to their readers.

In fact, the level of care in terms of unbiasedness of the article is impressive because throughout the examples of even the negative economic policies of Trump, it sets a moment to give him credit for the good things the economy is experiencing although the normative discrepancies the editorial has with his administration policies.

Finally, the article makes a projection of how the economy is going to go if the Trump administration maintains the tariffs and continues with this trade war, and at the same time stating that bad policies are bad policies and have no political party names.

Editorial Board. The Trade Uncertainty Principle. Wall Street Journal, 6. Sep 2019. Retrieved from https://www.wsj.com/articles/the-trade-uncertainty-principle-11567810888