Wilbur Ross Says Consumers Won't Notice the New Tariffs. Then Why Impose Them?
The only goal of tariffs is to change consumer behavior. If consumers won't notice the costs, the tariffs have already failed. Or maybe Ross is lying.
The only goal of tariffs is to change consumer behavior. If consumers won't notice the costs, the tariffs have already failed. Or maybe Ross is lying.
The president's economic agenda is harming American businesses and consumers.
The president believes "TRADE IS BAD!" These firms would beg to differ.
The Chinese tariffs have clobbered the lobster market, with prices falling to two-year lows.
Building iPhones entirely in the U.S. would double or triple their retail prices. There's no way Apple is going to do that.
By making it harder for smokers to switch to vaping, the Trump administration's tariffs would strike a blow against public health.
"Why do you have these views [on trade]?" Gary Cohn reportedly asked Trump. "I just do," Trump replied.
In Utah, Texas, and elsewhere, construction costs for new homes are up by about 60 percent this year.
Trump missed Friday's deadline to reach a NAFTA deal with Canada, and he did it in spectacular fashion.
The president's destructive attack on free trade.
The deal empowers "government bureaucrats rather than markets to determine the components in cars and other goods," says Sen. Ben Sasse.
Most of the funds are earmarked for soybean farmers, who would really rather just be able to sell their goods to China again.
Canada holds the upper hand, as the Trump administration and Mexico rush to finalize new trade deal before Friday's critical deadline.
Another $16 billion in Chinese good are facing tariffs, but Trump wants more. Meanwhile, more signs say the trade war will slow economic growth.
A Colombian company is undercutting its U.S. competitors, who have been forced to raise their prices because of tariffs.
Will free traders find a political home in either major party?
Commerce Department now has 120 people working full-time deciding which businesses are exempt from tariffs.
"Is the best way to end global poverty free markets or government action?" The Nobel laureate and former World Bank economist square off in N.Y.
American farmers have already fallen victim to Trump's trade war with China. Could Alaskan fishermen be next?
Alcoa says it needs protection from protectionism. That should be a lesson for the administration.
The Peak Pegasus is both a casualty and a metaphor for Donald Trump's trade war.
A South Carolina TV manufacturing facility will close its doors, and Trump's threatened auto tariffs could do yet more damage to the state's economy.
Tariffs will generate $21 billion this year-just .01 percent of the national debt. And aren't these tariffs supposed to be about national security?
Trump's ideal of "economic independence" is the exact opposite of what economists recommend.
Another unseen cost in Trump's misguided trade war, which escalated again today.
It could cost $39 billion to cover the damage caused by Trump's trade war.
Yes, Trump is out of touch with regular life. All presidents are. This one's ignorance is a problem in other ways.
U.S. Steel and other manufacturers are lobbying to block waivers, creating chaos along supply chains.
The nation's GDP rose 4.1 percent in the second quarter, but those good numbers aren't likely to last.
The president's longstanding obsession with trade deficits reveals mercantilist instincts he cannot escape, no matter how much he talks about zero tariffs.
Americans are recoiling "against the churning of an open society, against the spontaneous order that is the alternative to statism." That ain't gonna end well.
Europe already imports soybeans for free, and the European market isn't big enough to make up for China anyway.
Trump's trade policies will slow growth, destroy jobs, and raise consumer prices.
It's too soon to call this a truce in the trade war. But we may have a temporary ceasefire.
Unsurprisingly, the bureaucratic, cronyist process for getting an exemption is not in fact protecting American steel jobs.
Socialists are economically clueless. But conservative embargo advocates are just as bad.
The protectionist impulses of America's northern neighbor are rising to the top.
He's the president we needed, but maybe not the one we deserved.
Tariffs are so great that we have to create new government programs to compensate the victims of tariffs.
The Reason Podcast crew covers deficits, tariffs, Russians, gender, and more.
He's so, so wrong about that. But at least he's admitting a trade war won't be good or easy to win.
All of them. $500 billion's worth.
Representatives of the auto industry are in Washington to deliver an obvious message to the oblivious Commerce Department.
The United States has accused the victims of its tariffs of engaging in unfair and punitive measures with their retaliatory tariffs.
Tariffs let the government pick winners and losers-but sometimes even the winners get hung out to dry.
Is Congress finally ready to get into the fight?
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