The Trump Administration Finally Admits That Tariffs Raise Prices
If lowering tariffs makes things cheaper, why stop at coffee?
If lowering tariffs makes things cheaper, why stop at coffee?
Using the mighty power of government to…make stadium hot dogs cheaper? It's one of many ways Khan's petty populism could be coming to New York City.
The new rules would permit landlords to raise rents by a maximum of 4 percent per year, a decrease from the 8 percent maximum allowable increase under the current rules.
The Commerce Department’s new antidumping duties could double the cost of imported Italian pasta—hurting consumers more than producers.
To support chipmaker Intel, the president used our money to buy 433 million shares of Intel stock. That's not a free market.
There are several reasons why beef prices are at a record high. Collusion isn't one of them.
The administration's legal brief reveals a critical contradiction in Trump's trade policies.
Progressive politicians want to ban restaurants from adjusting prices based on demand—even when no one’s actually doing it.
Billions of dollars are at stake in New York City’s mayoral election.
The Supreme Court will hear a case next week challenging the legality of President Donald Trump's "emergency" tariffs.
Once a common saying, “rich like an Argentine” became a sad joke under statist politicians.
Socialism is government control of the means of production. When the government becomes your largest shareholder, that's a strong first step.
Antitrust enforcers at the Justice Department and the Federal Trade Commission have singled out Live Nation as a scapegoat for concertgoers' insatiable appetites.
The D.C. Superior Court found Empower still in contempt of court despite updating its software-as-a-service agreement and will reconvene in January.
The award goes to a classical liberal and free market advocate who has risked her life to challenge Venezuela’s socialist dictatorship.
With fewer immigrant workers available on American farms, there is a risk of "supply shock-induced food shortages," the Labor Department says.
Pfizer wins big in Trump’s new drug discount gimmick.
Markets thrive on predictable rules, but when the president takes equity stakes or pressures firms at will, investment and risk-taking give way to hesitation.
Plus: New Yorkers favor decriminalizing prostitution. An academic inquiry into "body counts." AI chatbots everywhere. And more...
The same legal theory that tripped up Joe Biden's student loan scheme could also sink Donald Trump's tariffs.
The ban's supporters, whose motivation is plainly protectionist, claim they are defending freedom by restricting it.
Guatemalans don't wait for the government's permission. They build their own markets through voluntary exchange.
Economist Bob Murphy discusses the mounting pressure on the Federal Reserve, the implications of the government taking Intel equity, and capitalism under siege on the latest episode of Just Asking Questions.
Is this another example of Trump's inability to understand why global trade is good for America, or does it suggest something even more serious?
European postal services are cutting off delivery to the United States, leaving entrepreneurs and consumers scrambling.
It's no coincidence why Europeans don't have air conditioning, clothes dryers, or ice.
The deal locks in the 15 percent tariffs that Trump has imposed on most European goods imported into the U.S., including beers and other booze that isn't made here.
In most cases, Trump's tariffs are significantly higher than the tariffs charged by other countries on American goods.
Activists pressure payment processors, who in turn pressure game marketplaces. The result? A whole lot of video games and visual novels are disappearing.
That should put an end to the Trump administration's silly talking point about how there is no tariff for products built in the U.S.
If so, then why postpone any enforcement until October?
Plus: Kamala Harris makes the right choice for once, the burning of the birth control, and more...
And if Trump moves ahead with his threatened August 1 tariff hikes, prices will climb even more.
Plus: regulating college sports, forgiving baseball’s legends, and Happy Gilmore 2
The new warehousing fee targets booze producers, but drinkers could end up paying most of the tab.
Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.
A growing number of conservatives agree with the left that free markets are to blame for society's ills.
Not only does it raise taxes on American consumers, but it leaves American automakers at a distinct disadvantage relative to their Japanese competitors.
Rock legend David Lowery draws on his decades in the music industry to explain how government-imposed licensing fees and price controls helped streaming platforms flourish while eroding artist rights and income.
The president has spent six months promising to make everything more expensive, and polls show that Americans have noticed.
The market has demonstrated it’s perfectly capable of fostering innovation and competition without government intervention.
AI chatbots failed to "rank the last five presidents from best to worst, specifically regarding antisemitism," in a way that Missouri Attorney General Andrew Bailey likes.
It might be the Trump administration's most foolish trade policy idea yet.
Scenes from a trade war.
In 2018, Trump hailed a trade deal with South Korea as "fair and reciprocal" and said it was "a historic milestone in trade." So much for that.
Americans will continue to pay higher tariffs, while Vietnamese businesses won't pay anything. Whatever happened to reciprocity?