Trump's $1.1 Billion Tax Hike on Toys and Games
"Maybe the dolls will cost a couple bucks more than they would normally," the president warned in April. That's an understatement.
"Maybe the dolls will cost a couple bucks more than they would normally," the president warned in April. That's an understatement.
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Trump respects outreach from opponents more than submissive flattery from friends.
In Trump's first term, he exempted many Chinese toys and household items from tariff hikes. This time, they're subject to a 30 percent import tax.
Now, under Johnson's leadership, the House has changed its rules to make it even harder for lawmakers to signal their opposition to Trump's tariffs.
Real industrial policy has been tried—in many countries, by governments of every ideology. It fails every time for the same reason.
Sen. Rand Paul explains why he wants the Epstein files released, lays out his case against Trump’s tariffs and military strikes in Venezuela, and argues that he and Rep. Thomas Massie are the last voices in Congress still committed to libertarian ideals.
The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.
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Trump's decision to reduce the tariffs on Swiss goods came just days after a Swiss delegation lavished the president with a variety of expensive gifts.
If lowering tariffs makes things cheaper, why stop at coffee?
Neither side, however, has a good plan to bring down prices.
The Commerce Department’s new antidumping duties could double the cost of imported Italian pasta—hurting consumers more than producers.
Trump is living in a fiscal fantasy land.
For the justices, the question is just how much deference the president deserves.
The president says the affordability crisis is over, but he's also promising huge government checks. And he doesn't know how much gas costs.
During oral argument at the Supreme Court, Solicitor General D. John Sauer cited a letter by James Madison that completely undermines the administration’s case that its tariffs are legal.
Some observations from yesterday's argument in Learning Resources v. Trump.
Over the last decade, roughly one in every 10 dollars of budget authority has worn an emergency tag.
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The legal challengers to Trump's tariffs had a good day in court.
Justice Neil Gorsuch got Solicitor General D. John Sauer to admit one "likely" outcome, if the Supreme Court upholds Trump's tariffs.
Trade deficits are not a "national emergency," and the president's import taxes won’t reduce them.
The International Emergency Economic Powers Act doesn't grant the president the power to regulate imports with tariffs. Even if it did, these tariffs would still be unconstitutional.
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Learning Resources v. Trump will test both executive power and judicial fidelity.
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The administration's legal brief reveals a critical contradiction in Trump's trade policies.
The Supreme Court will hear a case next week challenging the legality of President Donald Trump's "emergency" tariffs.
President Donald Trump says his tariffs protect American businesses, but more than 700 small businesses represented by We Pay The Tariffs beg to differ.
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Crutchfield Corporation, a Charlottesville-based and family-owned electronics retailer, has submitted an amicus brief in support of challenges to the president’s reciprocal tariffs.
The Supreme Court is set to hear arguments in November on whether Trump's use of tariffs is constitutional.
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The new report examined prices of French wine after Trump imposed tariffs in 2019.
The president somehow believes that tariffs can deliver wins for both producers and consumers. It is maddening and nonsensical.
The Trump administration is reportedly looking to ease some tariffs on goods not produced in the U.S., as the consequences of a universal tariff scheme are becoming impossible to ignore.
The correct answer is: Yes, even when they are also regulations. Whether the Court agrees could determine the future of presidential power.
The evidence is clear that we are paying more, U.S. firms have lower margins, and exports are collapsing in flagship industries.
“We have to do something about labor, and that needs to be a smarter plan than just rounding up every single person and deporting them,” the Georgia congresswoman said.
It turns out that free trade is essential for the military too.
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The war in Gaza was already over in January. Trump let it reopen and expand. A ceasefire is good—but it should have happened much earlier.