Have Trump's Tariffs Brought Manufacturing Jobs Back to America? New Study Says No.
However, the tariffs did shift supply chains away from China and towards other countries with low-cost manufacturing, like Vietnam, Malaysia, and India.
Free Trade
Corn Belt Politicians Are Using High Gas Prices To Push Even More Carveouts for Ethanol
“The sale of E15 year-round would help the ethanol industry and no one else,” says one agricultural policy expert.
The Origins and Influence of Zero-Sum Thinking
A new study highlights the power of zero-sum thinking as a determinant of political views - and also should lead some to rethink immigration.
Long Before the Canal, Global Trade Built Panama City
The narrow geography of the 50-mile Central American isthmus made it an obvious choice for trade routes between the Atlantic and Pacific.
Trump's Illegal Tariffs Are Finally Being Refunded. Will You Get Any of the Money?
The burden of Trump's illegal tariffs was spread across the American economy. The refunds likely won't cover all those costs.
Globalization Made Howard Lutnick a Billionaire. Now He's Railing Against It as Trump's Commerce Chief.
Globalization helped make everyone else much richer, too.
The Trump Administration Is Worried About High Fertilizer Prices. Its Top Trade Official Lobbied for Them.
Before joining the Trump administration last year, U.S. Trade Representative Jamieson Greer lobbied for tariffs that limited fertilizer imports and drove up prices for American farmers.
Trump Ended Free Trade for Mexican Tomatoes. Prices Are Up 23 Percent in the Last Year.
America gets 90 percent of its fresh tomatoes from Mexico, and those imports were tariff-free until last year.
Federal Reserve: Without Tariffs, Inflation Would Have Dropped to Pre-Pandemic Levels During 2025
New study finds that tariffs were responsible for the "entirety of the excess inflation in the core goods category."
Trump Responds to Iranian Blockade of Strait of Hormuz By Blockading It
After walking out of peace talks in Pakistan, the U.S. and Iran are now playing a game of chicken.
Thoughts on Today's Oral Argument in the Section 122 Tariff Cases
The outcome is unclear. But the judges seemed skeptical of the Trump Administration's claims that Section 122 grants them sweeping tariff powers.
In New Tariff Cases, Trump Asserts 'Unreviewable' Power To Invent a Balance-of-Payments Deficit
The Court of International Trade is weighing the legality of the import taxes that the president wants to impose under Section 122 of the Trade Act of 1974.
The White House Ballroom's Imported Steel Shows How Tariffs Encourage Cronyism
Any time government has greater control over commerce, there is an increased incentive to buy off officials or lobby for special treatment.
What Does the New Right Believe?
From trade to migration to personal freedom, the conservatives of the global New Right hold a philosophy incompatible with individualism.
Our Amicus Brief in the Section 122 Tariff Case
I submitted the brief on behalf of the Cato Institute and myself.
The World Bank Used To Champion Markets. Now It's Surrendering to State-Led Industrialization.
The reversal wasn't because the economics changed. It is because their biggest shareholders turned toward industrial policy.
Infographic: Who Really Pays for Tariffs? These Scholars Tracked a Bottle of Wine To Find Out.
Consider it a boozy, tariff-themed version of "I, Pencil."
War and/or Peace
Plus: back to the moon, one year since "Liberation Day," birthright citizenship at the Supreme Court, Jonathan lives, and more...
A Year After 'Liberation Day,' Trump's Tariffs Will Never Be Legitimate Without a Vote in Congress
The Trump administration keeps trying to find legal loopholes, but the will of the people is the final judge of any major policy.
Trump's Mercurial, Constantly Changing Import Taxes Took American Businesses on a Wild Ride
There was little rhyme or reason to the president's "emergency" tariffs, which fluctuated wildly depending on his mood.
Trump Is Getting His Way in Latin America. But Bully Tactics Have a Cost—and the Bill Is Coming Due.
A brash bid to reassert U.S. dominance is delivering short-term wins. But a region tired of being pushed around may not stay compliant for long.
Why Democrats Should Talk About Trump's Tariffs as a 'Threat to the Rule of Law'
Rep. Jimmy Panetta says Democrats have "learned the hard way" that handing over so much tariff authority to the executive branch is a bad idea.
Donald Trump and Markwayne Mullin Insist That Politics Should Prevail Over Principle
The president and his new DHS secretary are enraged by jurists and legislators who refuse to toe the party line.
Blame U.S. Regulations for China's Dominance in Rare-Earth Minerals
America once dominated the rare-earth market, but permitting requirements are holding the industry back.
Trump's Temporary Waiver of the Jones Act Only Illustrates Why the Law Should Be Permanently Trashed
The Trump administration has issued a 60-day waiver of a federal law that limits the number of ships allowed to carry goods between American ports.
Peter Navarro Promised $700 Billion in Tariff Revenue. The Actual Amount Was About $240 Billion.
That’s roughly 12 whole days of government spending.
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.
