Peter Navarro Promised $700 Billion in Tariff Revenue. The Actual Amount Was About $240 Billion.
That’s roughly 12 whole days of government spending.
Free Trade
Iran War Leaves Helium Supply Chains Up in the Air
About 30 percent of the world's helium supply depends on the Strait of Hormuz. Its closure means higher prices for tech manufacturing and advanced medical care.
The Trump Administration Just Declared All Foreign Exports Unfair
By the administration's logic, Iowa is hurting Arizona by producing so much corn. This is a very silly way to think about economic policy.
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.
Trump May Waive the Jones Act for Oil Shipments. Let's Repeal It Instead.
The century-old law makes energy more expensive even when there isn't a war raging in the Middle East.
Liberty Justice Center Files Lawsuit Challenging Trump's Section 122 Tariffs
LJC is the group with which I worked on the IEEPA tariff case decided by the Supreme Court.
March Madness
Plus: A seventh American has been killed in the Iran conflict, the U.S. is almost certainly responsible for school strike, how Lindsey Graham helped start the war, and more...
Lawsuit: Trump's Newest Tariffs Are an 'Exercise of Completely Unrestrained Executive Power'
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."
Twenty-Four States Led by Oregon File Lawsuit Challenging Trump's Section 122 Tariffs
The massive new tariffs are illegal, just like the IEEPA tariffs previously invalidated by the Supreme Court.
After Paying Illegal Tariffs, Will Small Businesses Get a Refund? 'I'm Not Holding My Breath.'
Even if the refunds are made, business owners say they won't cover all the additional costs created by Trump's chaotic trade policies.
Trade Wars, Meet Actual Wars
Plus: Congress shrugs, a cat cafe unionizes, and Liz Wolfe checks in, and more...
This Taxation Is Looking a Lot Like Theft
The Trump administration is trying to avoid paying refunds after illegally collecting $175 billion from its emergency tariff scheme.
National Constitution Center "We the People" Podcast About the Supreme Court Tariff Decision
I was one of the participants, along with Zach Shemtob (SCOTUSblog) and Julie SIlverbrook (NCC).
Society for the Rule of Law Podcast About the Tariff Decision
Gregg Nunziata interviewed me.
The 4 Economic Myths Powering Trump's New Tariff Push
American businesses and consumers absorbed nearly 90 percent of the 2025 tariffs' economic burden, the Federal Reserve Bank of New York found.
Trump's Tariff Troubles
Plus: Minnesota Medicaid funds, AI vs. jobs, Taylor Lorenz's libertarian moment, and more...
Will the Trump Administration Pay the Tariff Refunds It Promised?
It said that if it lost in court, it would refund companies that paid unlawful tariffs. Now it says the process could take years.
Thoughts on the Potential Broader Significance of the Supreme Court's Tariff Decision
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.
The Supreme Court's Tariff Decision Vindicates the Rule of Law and the Separation of Powers
Although Trump has other options for taxing imports, the justices reminded him that he needs clear congressional authorization.
Trump's Tariffs Are Not Going To Eliminate the Income Tax
And that's especially true if the tariffs are illegal.
In Tariffs Dissent, Clarence Thomas Embraced a Dangerous Theory of Executive Power
The conservative justice’s regrettable opinion in Learning Resources v. Trump.
Trump's Rationale for His New Tariffs Contradicts the Position He Took Before His Supreme Court Defeat
The president is relying on a provision that the government's lawyers said had no "obvious application" to his goal of reducing the trade deficit.
My New Dispatch Article on the Tariff Decision, its Implications - and a Key Issue the Court Did Not Resolve
The Court stopped a massive presidential power grab, but did not resolve a crucial issue about judicial review of executive use of emergency powers.
Trump's New Tariffs Are Probably Illegal Too
Attorneys for the Trump administration even admitted that Section 122 can't be applied to address trade deficits. Trump is now trying to do that anyway.
The Supreme Court Didn't Fully End the Trade War, but It Reinforced Limits on the Presidency
President Trump will undoubtedly keep trying to impose protectionism, but his options are limited.
My New Atlantic Article About Our Win in the Tariff Case
It covers many issues raised by the decision.
No More Tariffs on Asian Olympic Dragons!
Robby Soave and Jason Russell celebrate the SCOTUS tariff news before pivoting to the politics of the Winter Olympics.
Gorsuch Blasts Thomas, Alito, and Kavanaugh for Favoring Trump's Illegal Tariffs
What explains the fracture in the Supreme Court's "conservative bloc"?
A Note on Tariff Refunds
Thanks to our victory in the tariff case before the Supreme Court, businesses that paid billions of dollars in illegally collected tariffs can seek refunds. But the process may be difficult.
Trump Orders New 10 Percent 'Global Tariff' After Supreme Court's Rebuke
The new tariff will be implemented under a 1974 law that gives the president authority to impose tariffs for up to 150 days.
Small Business Owners Celebrate Supreme Court Striking Down Trump's Tariffs
The battle against the president's so-called reciprocal tariffs is won, but the war for free trade and a stable business environment continues.
Even Without the 'Emergency' Powers SCOTUS Rejected, Trump Has a Bunch of Tariff Options
There are many laws that explicitly authorize the president to impose taxes on imports, but they include limits that Trump was keen to avoid.
The Supreme Court Just Struck Down Trump's 'Emergency' Tariffs
"There is no exception to the major questions doctrine for emergency statutes," wrote Chief Justice John Roberts.
Supreme Court Decides Our Tariff Case - and We Won!
In a 6-3 decision, the Court ruled that the International Emergency Economic Powers Act does not authorize tariffs.
Trump Said Tariffs Would Reduce the Trade Deficit. Instead, It Hit a Record High in 2025.
It's a good thing that trade deficits aren't actually a national emergency.
The World Has Turned and Left Me Here
Plus: Tariffs, tariffs, and even more news about tariffs! And George W. Bush has some interesting thoughts about George Washington.
The E.U. Wants 'Deforestation-Free' Products. Consumers May Pay the Cost.
In its effort to protect global forests, the E.U. is imposing complex tracking requirements that could raise prices and create new trade hurdles.
The Cowardice of the Republican 'Tariff Skeptics'
Finally given a chance to influence trade policy, the vast majority of House Republicans decided it was more important to keep President Donald Trump happy.
The U.S. House Just Voted To Stop Trump's 'Emergency' Tariffs on Imports From Canada
But the numbers are a long way from a veto-proof majority, so Wednesday's vote may be a purely symbolic victory for free traders.
Trump Imposed 39 Percent 'Emergency' Tariffs When Switzerland Hurt His Feelings
The story is an exercise in pettiness but also a perfect reason why Congress and the Supreme Court should limit the president's power grab.
The House Just Reclaimed Its Tariff Power From Trump. Now Congress Can Try To Strike Down His Canada Tariffs.
Three Republicans defected to vote down an arcane procedural rule that would have made it impossible for the House to vote on Trump’s tariffs until August.
Tariff-ied
Plus: An immigration court drops Rumeysa Ozturk's deportation case, Buddhist monks complete their "walk for peace," previously classified Nixon grand jury testimony is released, and more...
Most Americans Hate Trump's Tariffs
A new poll finds that even white men without college degrees, a key voting constituency for Trump, don’t approve of the president’s handling of the economy.
Trump Claims His Tariffs Have 'Brought America Back.' Here Are 3 Things He Got Wrong.
The president's article in The Wall Street Journal is wildly misleading.
Trump's Tariff War Is Crushing American Alcohol Makers
A Canadian boycott and retaliatory trade barriers have wiped out U.S. wine and spirits sales abroad, costing American producers jobs, revenue, and entire export markets.
Free Nations Don't Have To Care About the Whims of Elected Officials
Limited government means those in power can do limited damage to the rest of us.
Bessent Says Construction Jobs Are Booming Under Trump's Tariffs. Government Data Show the Opposite.
Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.
