To win in court, the Trump administration will have to argue against a pair of legal theories that conservatives have spent years developing as a way to check executive power.
And if Trump moves ahead with his threatened August 1 tariff hikes, prices will climb even more.
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In each case, tariffs remain much higher than they were before the deals.
The 10 percent baseline reciprocal tariff rate was bad for America; the 15 percent rate is even worse.
Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.
I participated along with Andrew Morris of the New Civil Liberties Alliance.
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.
What is the relationship between Trump's tariffs and the rest of the economy?
The president has spent six months promising to make everything more expensive, and polls show that Americans have noticed.
According to one analyst, the U.S. would need between 42,000 and 250,000 more acres growing tomatoes to replace Mexican imports.
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Increasing the cost of inputs and imported energy would make American exports less competitive.
It might be the Trump administration's most foolish trade policy idea yet.
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The diversity and quality of the briefs opposing Trump's "Liberation Day" tariffs speaks for itself.
The Cato Institute and the New Civil Liberties Alliance urge the Federal Circuit to extend the logic of a decision against the president's far-reaching import taxes.
Our brief explains why the Federal Circuit should uphold the Court of International Trade decision striking down Trump's "Liberation Day" tariffs.
Scenes from a trade war.
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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?
The trade deficit is getting bigger, the deals aren't coming, and foreign investment has declined.
The Federal Reserve is unwilling to lower interest rates because "there will be some inflation from tariffs coming," Jerome Powell told a Senate committee.
They are prominent legal scholars and Supreme Court litigators from opposite sides of the political spectrum.
An outdated supply management system—designed to protect Quebec’s small dairy farms—is undermining Canada's global trade ambitions and hurting its own consumers.
"I would love an intellectual ecosystem in economics that was more ideologically balanced than what we have now," the Harvard professor tells Reason.
The symposium has now concluded.
The Trump Organization says the phone is domestically manufactured, but its hardware—and a statement from Eric Trump—suggest otherwise.
Refrigerators, freezers, dishwashers, washing machines, and dryers are among the products subject to the president’s 50 percent tariff on imports derived from aluminum and steel.
Triple-digit bilateral tariffs have been brought down to double digits. Negotiations on semiconductors and rare earth elements will continue.
It's disappointing. But the court will hear the case on the merits on an expedited basis, and we have a strong case.
Yoo's criticisms are off the mark, for a variety of reasons. But, tellingly, he actually agrees Trump's IEEPA tariffs are illegal, merely disagreeing with the court's reasons for reaching that conclusion.
The CIT ruling is much stronger than Prof. Goldsmith contends. The same is true of a related ruling by federal District Court Judge Rudolph Contreras.
Most imports to the U.S. are raw materials, intermediate parts, or equipment—the stuff that manufacturing firms need to make things.
Next week could be a pivotal one, as a federal appeals court could decide whether to restore an injunction against Trump's tariffs.
This crucial procedural issue is now before the US Court of Appeals for the Federal Circuit. Its resolution will determine whether the tariffs are immediately suspended, or get to continue so long as the case is stil being litigated.
In a 1978 appearance at Utah State University, the Nobel Prize–winning economist provided the perfect retort to those who blindly argue we should "build in America."
A new comprehensive review finds the negative effects of trade with China have been significantly exaggerated.
The poll finds 55% approve and only 30% disapprove of the recent ruling against his IEEPA tariffs.
Media coverage of our tariff case has mostly been fair and accurate. But there are a few examples of unfortunate misconceptions, mainly having to do with libertarianism and its relationship to conservatism.
A leading conservative legal scholar explains why striking down Trump's IEEPA tariffs is vital to protecting the separation of powers.
Links to my writings about our case against Trump's "Liberation Day" Tariffs and related issues.
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Trump's trade war has created a carve-out bonanza for industries with political connections and big lobbying budgets.
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Vance says "you've gotta let these people make decisions on their own." He should try that approach more generally.
