Did 'Activist Judges' Derail Trump's Tariffs?
No. One of the judges in Wednesday's unanimous ruling was a Trump appointee, and the ruling rested on important legal and constitutional principles.
No. One of the judges in Wednesday's unanimous ruling was a Trump appointee, and the ruling rested on important legal and constitutional principles.
The Court of International Trade just issued a decision striking down Trump's "Liberation Day" tariffs and other IEEPA tariffs.
The Court of International Trade ruled that Trump's emergency economic powers do not include the authority to impose tariffs on nearly all imports.
I spoke along with my Cato colleague Walter Olson.
The debate over free trade should include more than the costs of Trump's tariffs versus the value of cheaper stuff.
While there is no constitutional right to receive grants, the Constitution does bar grant conditions that undermine constitutional rights.
Like that in the similar case filed by Liberty Justice Center and myself, this one indicated judicial skepticism of Trump's claims to virtually unlimited power to impose tariffs.
Whether due to tariffs or because they are made in America, the result would be much higher prices.
The more important the product—and food certainly ranks high on any list—the better it is to allow markets to work.
I was interviewed by Brittany Lewis of Forbes.
I will be speaking, along with Cato Institute scholar Walter Olson.
Subaru says it has "adjusted its pricing in response to current market conditions," but we all know what that means.
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On the bright side, at least Trump finally admitted his tariffs are, indeed, paid by Americans.
Seasonally adjusted job openings and capital outlay spending are declining to levels not seen since the height of the COVID-19 pandemic.
Scenes from a trade war.
Greg Sargent of the New Republic interviewed me.
The White House calls it "the art of the deal," but a 30 percent tariff on imports from China is economically damaging and constitutionally dubious.
"If this is the end of my American dream," says one small business owner, "I'm going to go down swinging."
Outcomes are hard to predict. But the judges seemed skeptical of the government's claim that Trump has virtually unlimited authority to impose tariffs.
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“Between the cost of labor and the inputs that goes in, it’s more cost-effective for farmers” to plow over ripe tomatoes, said one expert.
Residents of the United Kingdom will get lower tariffs, while Americans are stuck paying higher ones.
The right number of dolls? As many as your kid wants.
The results were completely foreseeable, after the president imposed 25 percent tariffs on all imported automobiles and parts.
America is not a department store. And no successful department store would be following Trump's antitrade strategy.
Trump’s tariffs aren’t just bad economics—they’re a rejection of abundance, prosperity, and capitalism itself.
Tariffs on creative media are barriers not just to goods, but also to ideas.
Steve Inskeep of NPR interviewed me about the case against Trump's "Liberation Day" tariffs.
"I've been very vocal about congressional authority under a Democratic president or now under a Republican president," the Washington state congresswoman tells Reason.
Sex toys, blenders, baby strollers, microwaves, hair dryers, and other affordable goods that Americans take for granted could soon be in short supply.
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This is a key issue in cases seeking to limit executive branch power grabs, including Trump's tariffs. Judge Ryan Nelson (a conservative Trump appointee) explains why the president is not exempt from the doctrine.
By giving one man the power to impose massive tariffs anytime he wants, Trump's policy undermines the predictability and impartiality that the rule of law requires.
Trump's comment about how "dolls" will "cost a couple of bucks more" is the latest in a long trend of nationalist conservatives disparaging affordable stuff.
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The president's bizarre insistence that Kilmar Abrego Garcia "had MS-13 tattooed" on "his knuckles" makes him seem like a confused old man.
If anything, they sabotage the very forces—dynamism, adaptability, innovation—that create the economic opportunities struggling workers need.
There's nothing "hostile and political" about informing the public of the negative consequences of poor economic policy.
Sen. Rand Paul's attempt to end the non-existent economic emergency failed to pass the Senate on Wednesday night.
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I was interviewed by attorney/podcaster Irina Tsukerman.
"Maybe the children will have two dolls instead of 30 dolls," Trump said Wednesday. "And maybe the two dolls will cost a couple bucks more than they would normally.”
Presidential power must stem from the Constitution or a statute, and the tariffs imposed by President Trump are unauthorized by statute, making them both unlawful and unconstitutional.
Consumers and businesses are already experiencing higher prices and economic pain.