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News Corp. CEO Robert Thomson Bashes Donald Trump’s Tariffs In Q3 Earnings Call: “Economic Slap In The Face”
Thomson called the tariffs an "economic slap in the face"
While touting the company’s “potent results,” Thomson said that they had nevertheless come “despite political turbulence that has clearly affected some of our business partners and undermined their ability to plan coherently. “The administration’s pursuit of sensible deregulation and a sound energy policy, combined with America’s economic prowess and innate creativity, should produce favorable results. When Adam Smith spoke sagely of the power of the invisible hand, he did not envisage an economic slap in the face from the unruly introduction of exorbitant tariffs.
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