Trump's New Tariff Plan Still Asserts a Crisis That Does Not Exist
The president’s invocation of Section 122 conflates a trade deficit with a balance-of-payments deficit.
The president’s invocation of Section 122 conflates a trade deficit with a balance-of-payments deficit.
The buyer, seller, and FIFA middleman were all happy with how the transaction went.
LJC is the group with which I worked on the IEEPA tariff case decided by the Supreme Court.
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Governments have yet to accept that free societies are also prosperous societies.
Legislators are trying to pass their own state version of an outdated antitrust law—one that is dead at the federal level for a reason.
Contrary to the claims of the not-in-my-backyard technophobes, all this growth comes with minimal environmental downsides.
A proposal in Victoria would require every business, no matter the size, to allow two days of remote work a week.
"If Californians approve this measure in November, they may discover too late that the wealth they hoped to tax has already left the state—with jobs and economic opportunities not far behind."
A sad commentary on the sprawling size and eye-watering cost of the government.
The Bureau of Labor Statistics found that instead of adding jobs last month, the economy lost nearly 100,000.
You can have low gas prices or war in the Middle East, but not both.
The lawsuit, filed by attorneys general and governors from 24 states, claims that Trump is once again trying "to usurp the taxing power that the Constitution vests in Congress."
The massive new tariffs are illegal, just like the IEEPA tariffs previously invalidated by the Supreme Court.
Even if the refunds are made, business owners say they won't cover all the additional costs created by Trump's chaotic trade policies.
Plus: Congress shrugs, a cat cafe unionizes, and Liz Wolfe checks in, and more...
Importantly, the Court ordered payment of refunds even to those businesses who have not filed a lawsuit to claim them.
As the U.S. loosens regulations for workers, the E.U. takes the opposite approach.
And a committee in the state Senate just unanimously approved it.
The senators are ignoring the predictable consequences of their wealth tax.
OpenAI has entered a contract with the Defense Department allowing all lawful use of ChatGPT after Anthropic refused to remove its restrictions on domestic mass surveillance and fully autonomous weapons systems.
Amid a $5.4 billion budget deficit, the mayor of New York City is pushing forward with a proposal that has historically yielded terrible results.
The truest measure of government in our lives is the federal budget, which is out of control.
The president's wildly inaccurate ideological labels are no more meaningful than his other ad hominem attacks on people who disagree with him.
Stephen Miller's wife is giving renewables a P.R. boost.
The Trump administration is trying to avoid paying refunds after illegally collecting $175 billion from its emergency tariff scheme.
I was one of the participants, along with Zach Shemtob (SCOTUSblog) and Julie SIlverbrook (NCC).
Gregg Nunziata interviewed me.
American businesses and consumers absorbed nearly 90 percent of the 2025 tariffs' economic burden, the Federal Reserve Bank of New York found.
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The libertarian-leaning economist warns of the coming “Venezuelization” of Peru.
It said that if it lost in court, it would refund companies that paid unlawful tariffs. Now it says the process could take years.
Former Transportation Secretary Pete Buttigieg discusses immigration enforcement, the role of government, and why federal agencies are losing public trust.
Only time will tell how great the impact of the ruling will really be. But, at this point, it seems like a very significant decision.
Although Trump has other options for taxing imports, the justices reminded him that he needs clear congressional authorization.
A drop in seizures doesn't necessarily mean a decline in the supply.
And that's especially true if the tariffs are illegal.
The plan recognizes that public opinion is what's holding data centers back the most.
The president can't just bring prices down with the stroke of his pen, no matter what he claimed in his State of the Union speech.
President Donald Trump tossed out a bunch of economic statistics during his State of the Union address. Here are three that are just plain wrong.
Large investors are a small, beneficial presence in the single-family home market.
A 2018 class action lawsuit argued that Chicago was unlawfully overcharging residents for parking and sticker fines.
The article explains why the new Section 122 tariffs are illegal, and courts should strike them down, when (as is likely) lawsuits are filed against them.
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