Trump Is Still Losing His Own Trade War
The president’s tentative deal with China is not a winner.
The president’s tentative deal with China is not a winner.
The president views tariffs as a solution to everything. They're a solution to nothing.
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The deal appears to have accomplished none of the Trump administration's goals, from boosting domestic steel production to getting China to abide by international rules regarding intellectual property.
The economy is doing well enough—except for all the sectors hurt by the trade war.
A Michigan steel plant annnounced it's closing at the end of the year, while U.S. Steel stocks are down 75 percent since Trump's tariffs were announced.
Dump intrusive trade policies to give a real boost to consumers and entrepreneurs.
As Trump's trade wars demonstrate, giving the president unilateral authority to impose tariffs is both dangerous and unconstitutional. Getting rid of it is likely to require a combination of litigation and political mobilization.
The much-maligned drinking utensil is saved from the ravages of Trump's trade war.
Elizabeth Warren is probably the worst of the bunch when it comes to protectionism, but few alternatives are emerging.
A new analysis from Moody's says 300,000 jobs have been lost already, with another 600,000 hanging in the balance. Meanwhile, Trump is trying to reopen channels with China.
The president’s economic agenda is harming U.S. businesses and consumers.
Foreign investment in China has not declined since the start of the trade war, either. In fact, it continues to grow.
The trade war should be thought of as a massive tax and regulatory scheme.
Democrats are happy to criticize the president's trade war—but many are tacitly endorsing the same protectionist views.
As the U.S.-China trade war escalates again, farmers and small businesses are getting hurt the most, but global manufacturing is taking a hit too.
Sen. Chuck Grassley and the Senate Finance Committee will debate two bills this fall aimed at restricting presidential authority to impose tariffs without congressional approval.
The Trump administration is pro-government intervention.
Warren needs to take a lesson from Leonard Read's "I, Pencil."
Existing tariffs on Chinese imports will jump to 30 percent from 25 percent, and the next round of tariffs will be 15 percent instead of 10 percent.
Trump's economic nationalism has always been an exercise in petty authoritarianism, and it's increasingly difficult to see it as anything else.
"If I didn't help them, they would have a big problem," says Trump. But maybe he's already "helped" enough.
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President Trump has cut a lot of regulations—but increased some others.
Tariffs are taxes on imports that translate into higher prices for American businesses and consumers.
It's not just the cost of the tariffs that are hurting the economy. "The indirect costs are enormous," says one Wisconsin CEO.
When it comes to trade, the Trump administration is guided by incoherent economic thinking.
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The White House says it will delay some new tariffs on Chinese imports until after the Christmas shopping season. But why do that if Americans aren't paying?
Thanks to the trade war, Americans are already importing fewer laptops, speakers, and other electronic items—and paying a higher price for the items they do buy. A bigger hit is coming.
Don't worry about China's currency manipulation. It only hurts China's own people, and benefits American consumers and businesses.
Stocks plunge as China cuts off purchases of American agricultural goods, U.S. responds by labeling China a "currency manipulator" because the Chinese government is no longer artificially propping up the yuan.
Protectionism fails, even for those who were supposed to benefit.
Investment in American businesses has fallen sharply since the start of the trade war, and American exports are way down too.
The tariffs haven't worked yet, but Trump is going to keep trying anyway.
Unlike many other policies proposed by Democratic presidential hopefuls, trade policy is something a new president can unilaterally impose.
Warren says her administration "will engage in international trade—but on our terms and only when it benefits American families." The details show she'd be opposed to trade with most developing nations.
If big government is the price of "good outcomes," the American right is increasingly willing to pay it.
A new report shows that American imports from Asia continue to grow, although the tariffs might be responsible for shifting some manufacturing from China to Vietnam and elsewhere.
Trump's steel protectionism seems to have failed. Again.
Economic reality is always more complex than politicians pretend it is.
Soybean exports to China have fallen by 74 percent in the past year.
American businesses and consumers are drowning in a sea of high tariffs.
Tariffs on tea have never caused any problems, right?