Utah Metalworking Company Cancels Expansion Plans Because Tariffs
The unseen costs of the Trump administration's bellicose trade policy matter too.
The unseen costs of the Trump administration's bellicose trade policy matter too.
The president's trade policy makes as much sense as Canadian Bacon, the farcical 1995 film about a trumped up war against Canada.
Global prosperity and government bureaucracy both play a role.
More government control over the U.S. economy will make the U.S. more like China.
"It's all working out great," Trump said in South Carolina. Few people seem to agree with that assessment.
The E.U. retaliated against Trump's steel and aluminum tariffs. Now, whiskey drinkers will pay the price.
One government intervention into the economy begets another, and American businesses are caught in the chaos. Good and easy to win? Not so much.
It can do that because it's a global brand, but other businesses aren't as lucky. And workers everywhere stand to lose.
Take a look at what The New York Times and others were saying about The Gipper in 1982 before you judge The Trumpster in 2018.
Commodities are falling across the board, but soybean farmers are taking the brunt. What's happening in Iowa is the perfect demonstration of why trade works.
Prices for steel, washing machines, and lumber spiked after Trump imposed tariffs on them. This time it will be different, right?
It's a damned shame that he doesn't seem to really believe in it.
Trump disrupts the status quo on trade, diplomacy, North Korea, and pot.
Slapping tariffs on steel and aluminum from Canada is not a matter of national security, the president admits.
The outgoing senator wants to require congressional approval for "national security" tariffs, while the low-polling president taunts Flake about his low poll numbers.
The GOP betrays its principles for the sake of political expediency.
Justin Trudeau and others condemn Trump's protectionist tactics, then respond with protectionism of their own.
Extending the justification would allow government intervention into just about anything.
Via trade and immigration restrictions, the president is completing the GOP's conversion to the party of economic micro-management.
After oral arguments last year, Stephanie Slade correctly observed that "justices might have found a sort of get-out-of-jail-free card." Also on the Reason Podcast: Bill Clinton, Roseanne, Samantha Bee, Kim Kardashian, and maybe the worst celebrity of the week, Larry Kudlow.
Trump's trade policies are supported by a majority of GOP voters, who used to oppose this sort of corporate welfare under Obama. Partisanship rules all.
Imports improve the economy and benefit the country.
Everything from preparations through recovery will be more expensive, thanks to tariffs on steel, aluminum, and timber.
The trade war that seemed improbable for weeks is now slipping closer to inevitable. The first major deadline comes at midnight.
Tariffs and import restrictions are the equivalent of putting sanctions on your own country.
Don't believe the administration's claim that this will hurt China.
The president should stop worrying about the trade deficit and learn to love free trade.
Trump can impose car tariffs only by stretching the meaning of "national security" beyond recognition.
And it's cruel to tell people that government policy can reverse the decline.
Treasury Secretary Steven Mnuchin says Trump administration is withdrawing plan to impose 25 percent tariffs on $150 billion of Chinese imports.
Trump wants tariffs on 1,300 Chinese-made goods. Dozens of American businessmen and women are in Washington this week to explain why that's an awful idea.
The Donald is more like The Gipper on trade policy than you think. And not in a good way.
The president's aggressive but rudderless trade policy is watering the swamp.
More than 1,000 economists (including Nobel Prize winners) have penned an open letter to the White House, warning not to repeat mistakes of the past.
Trump talks about wanting to reduce our trade deficit with China, but using tariffs to do it might jeopardize America's trade surplus in agriculture.
The libertarian went looking for the reason for entrepreneurial decline. The answer he found went against everything he believed. He published the results anyway.
We restrict trade to punish our enemies. Why would we do the same to ourselves?
In Trump's mind, America loses when it buys too much. And it loses when we sell too.
But working-class identity politics threaten to ruin everything.
"He's going to be a one-term president, plain and simple."
It doesn't matter if those to whom you sell goods or labor are not the same as those from whom you buy these things. The same goes for America.
Senate Majority Leader Mitch McConnell says he's "nervous" about getting into a global trade war. Here's what he could do to prevent one.
"We are not in a trade war with China," President Trump tweeted this morning.
Chinese tariffs will make American soy cheaper in domestic markets, crushing farmers' profits and disrupting a $14 billion international market.
And 1,300 more that will make you scratch your head.