Big Dairy Wants Congress To Restore Huge Tariffs on Imported Baby Formula
Unless Congress takes action, those tariffs will return on January 1. And the baby formula shortage hasn't yet passed.
Unless Congress takes action, those tariffs will return on January 1. And the baby formula shortage hasn't yet passed.
With the FORMULA Act soon to expire, the U.S. baby formula market is about to return to the conditions that left it so vulnerable to a shortage in the first place.
You can’t turn lives and economies off and on without inflicting lingering harm.
Despite Tyler Cowen's argument for the elite theory, the real divisions have much more to do with the New Right's nationalism.
Until next year's, because capitalism is always making things better.
Amid initial concerns about the 'Buy American' electric vehicle tax credit, the European Union is now considering further protectionist retaliation.
The Buy American program, used to encourage the buying of American made electric vehicles, not only limits access to EVs but risks a trade war with the E.U.
Joe Biden adopted his predecessor’s protectionism, threatening our peace and prosperity.
That's in addition to advocating for opponents of the law to be charged with treason.
There’s nothing patriotic about a law lining the pockets of cargo companies at the expense of consumers.
It’s only one vessel, but the U.S. domestic shipping cartel, protected by the awful Jones Act, is screaming about it.
The island is begging the Biden administration to allow foreign ships to bring fuel to help restore power. But entrenched maritime interests balk at competition.
Between the books and the new TV series, we see two different visions of freedom.
The senator from Florida calls for tariffs on imported fruits and vegetables.
As American politicians turn against economic openness, history suggests the consequences could be dire.
Only time will tell if Truss reverses the big spending style of her predecessor.
Who does he think ultimately pays those taxes?
Tariffs are a regressive tax that have driven inflation higher and harm poorer families the most.
Plus: The editors examine proposed CDC reorganization and field a question on free trade.
Why should we believe that this boondoggle will produce better results than hundreds of other corporate welfare programs?
In 2017, a bizarre amendment to an international treaty threw American guitar makers into a panic.
Tariffs were supposed to make American chemical products more competitive. They made Chinese products more competitive instead.
The FDA should not stand in the way of parents doing what’s best for their children.
Any gains seen by the steel industry from tariffs have been overshadowed by the losses for downstream companies and higher prices for consumers.
Seafood prices have gone up by double digits as tariffs and inflation drive up costs for consumers
The U.S. International Trade Commission will hear from businesses harmed by tariffs at a hearing on Thursday.
The agency is now taking small steps to allow foreign formula manufacturers to import their goods into the U.S.
Hey, we're still mad about those things today!
The video game serves as a fun reminder that free trade, not protectionism, makes us all better off.
But despotic brutality is once again pushing millions to the brink of starvation.
The Ocean Shipping Reform Act fulfills the political need to do something but probably won’t help.
Removing tariffs could save American households $800 this year. What is the White House waiting for?
Biden should stop layering new, contradictory orders into the market and simply get government out of the way.
America can join with more free trade or it can miss out.
Tariffs imposed by President Donald Trump and kept in place by President Joe Biden are costing consumers $51 billion annually.
This crisis is the result of protectionism, regulation, and central planning.
Governments can't plan economies, but can disrupt them.
Biden's top trade adviser says tariffs must be "strategic," but what strategic value do tariffs on South Korean steel serve?
There is seldom any meaningful accountability for government incompetence.
Markets work if you let them. The Biden administration and Congress should remove supply restraints on baby formula that never made any sense in the first place.
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"The knot in getting that product into the U.S. isn't safety, it's a regulatory issue," says Peter Pitts.
If you put infants in federal custody, you're obliged to feed them.
Plus: The Pro-Choice Caucus thinks choice is a harmful word, trade restrictions worsened the baby formula shortage, and more...
Trade restrictions and over-zealous FDA regulation are a big part of the problem, but there's more.
Why do we have tariffs on imported formula in the middle of a shortage?