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?
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.
Plus: Outrage at Heritage, air traffic might get throttled, and more...
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.
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.
The Supreme Court is set to hear arguments in November on whether Trump's use of tariffs is constitutional.
Plus: Argentine election results, whether Zohran's running mostly on economic issues, and more...
Plus: Betting scandal in the NBA, inside the most worrisome porn subculture, and more...
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.
Former Sen. Jeff Flake discusses how Trump reshaped the GOP, why populism betrayed conservative values, and why he believes the system can still be reformed.
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 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.
The Trump administration has already claimed the power to raise taxes without congressional approval. Now it is going to spend money that way too.
The president’s movie tariff proposal faces several legal and logistical challenges to implementation.
Trump’s trade war is hitting wineries, distillers, and distributors with product shortages and soaring costs—leaving customers to pick up the tab.
The bailout would simply redistribute wealth from American businesses and consumers to farmers. Here's a better idea: end the tariffs.
There’s an opportunity to abandon bad policies that raise consumer costs and move toward free trade.
The OECD just published its projections for American growth, and they're grim.
Inflation hit its highest level since January, with prices rising 0.4 percent in August.
The cases will be considered on an accelerated schedule.
The same legal theory that tripped up Joe Biden's student loan scheme could also sink Donald Trump's tariffs.
We agree the Court should take the case and resolve it as quickly as possible, to minimize the harm caused by the illegal tariffs.
Trump promised that protectionism and immigration enforcement would be good for the economy. The latest jobs report tells a different story.
The Republican and the socialist agree: Free trade and H-1B visas are bad news.
The U.S. is risking its liberty and its prosperity with such high tariffs.
Manufacturing has been in decline for six months, nearly the exact amount of time since Trump's new trade wars began.
The administration attributed the $8 trillion figure both to new investment and to tariff revenue. So which is it? Neither.
Donald Trump's claim that the appeals court ruled against him for partisan or ideological reasons is hard to take seriously.
Seven judges agreed that the president's assertion of unlimited authority to tax imports is illegal and unconstitutional.
Labor Day is a great time to remember that we can make workers vastly better off by empowering more of them to vote with their feet, both within countries and through international migration.
In a 7-4 ruling, the en banc court upheld trial court ruling against all the challenged tariffs. The scope of the injunction against them remains to be determined.
Trump went "beyond the authority delegated to the President," the court ruled, but it vacated an injunction that could have provided immediate tariff relief to American businesses.
I got a pair of shoes delivered from Asia for a reasonable price. Trump just ended the exemption that makes that transaction possible.