Trump's Fertilizer Tariff Retreat Is Another Admission That Tariffs Raise Prices
The White House quietly repealed tariffs on Moroccan fertilizer this week.
The White House quietly repealed tariffs on Moroccan fertilizer this week.
Even as the White House backs away from its foolish tariff plans, the Trump administration keeps revealing why it should never have had these powers in the first place.
Trump's use of Section 122 ignored the plain language of the law and invoked a broad executive power where Congress clearly provided a narrow one.
A trade deal that can be terminated by one person at any time and for any reason isn't really a trade deal at all.
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.
There was little rhyme or reason to the president's "emergency" tariffs, which fluctuated wildly depending on his mood.
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.
The Trump administration is trying to avoid paying refunds after illegally collecting $175 billion from its emergency tariff scheme.
American businesses and consumers absorbed nearly 90 percent of the 2025 tariffs' economic burden, the Federal Reserve Bank of New York found.
The Trump administration’s trade war has made home-baked and store-bought treats more expensive.
These metrics are bad proxies for prosperity, but they reveal just how flawed the president's arguments have been.
Justice Neil Gorsuch got Solicitor General D. John Sauer to admit one "likely" outcome, if the Supreme Court upholds Trump's tariffs.
The new report examined prices of French wine after Trump imposed tariffs in 2019.
The Trump administration is reportedly looking to ease some tariffs on goods not produced in the U.S., as the consequences of a universal tariff scheme are becoming impossible to ignore.
They are among the worst taxes imaginable—narrow, arbitrary, unstable, and regressive.
It makes little sense, but that's what happens when you give the president unchecked, unilateral tariff powers.
In most cases, Trump's tariffs are significantly higher than the tariffs charged by other countries on American goods.
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And if Trump moves ahead with his threatened August 1 tariff hikes, prices will climb even more.
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Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.
Not only does it raise taxes on American consumers, but it leaves American automakers at a distinct disadvantage relative to their Japanese competitors.
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Increasing the cost of inputs and imported energy would make American exports less competitive.
Scenes from a trade war.
The trade deficit is getting bigger, the deals aren't coming, and foreign investment has declined.
No. One of the judges in Wednesday's unanimous ruling was a Trump appointee, and the ruling rested on important legal and constitutional principles.
Subaru says it has "adjusted its pricing in response to current market conditions," but we all know what that means.
The White House calls it "the art of the deal," but a 30 percent tariff on imports from China is economically damaging and constitutionally dubious.
Residents of the United Kingdom will get lower tariffs, while Americans are stuck paying higher ones.
Trump's comment about how "dolls" will "cost a couple of bucks more" is the latest in a long trend of nationalist conservatives disparaging affordable stuff.
The president’s sweeping import levies have no basis in the statute he cites.
A sharp decline in ocean freight from China during April is a sign of the supply chain issues that will begin hitting in May.
Businesses are reporting fewer orders, lower inventories, less employment, and weaker expectations. The only thing going up: prices.
Several businesses harmed by Trump's "Liberation Day" tariffs have filed a lawsuit challenging his use of emergency economic powers.
There were no deals. There were no wins. There was no plan.
By imposing massive tariffs on foreign-made cars, Trump is punishing key allies, tanking Slovakia’s economy, and undermining U.S. influence in Eastern Europe.
The president is raising taxes, hiking prices, and creating supply chain chaos. Congress should act quickly to stop this.
Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.
Trump's first trade war cost farmers $27 billion. Losses this time around could be higher.
Taxes on imports cannot possibly deliver all the benefits the president is promising.
Donald Trump is determined to make everything from Canadian whiskey to Mexican avocados more expensive. Can anyone stop him?
The president gleefully predicted that the cost to consumers could be as much as 10 times higher.
We rely on Canadian energy and lumber, and Canadians rely on our products. It's the proverbial win-win.
The Trump administration’s trade war leaves everyone worse off.
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