Markets Are Smart Even When They Seem To Panic
The stock market may look irrational, but it's repricing risk faster than ever. Sometimes, that's a feature, not a bug.
Free Trade
Liberty Justice Center and I File Lawsuit Challenging Trump's "Liberation Day" Tariffs
It was filed today in the US Court of International Trade.
Even on Pause, Trump's Trade War Runs Up a Big Price Tag
Predictions vary as to the ultimate cost, but there’s no doubt that tariffs create economic pain.
Blackfeet Nation Indians File Lawsuit Challenging Trump's Canada Tariffs
They argue the tariffs violate the constitutional separation of powers and their tribal treaty rights.
Free Trade Expert Takes Down the Best Arguments for Tariffs
Daniel Hannan argues that protectionism never works, but that's a lesson that politicians and voters seemingly have to relearn repeatedly.
SCOTUS Rules on Deportation Case
Plus: China-U.S. relations heat up, ICE says ideas shouldn't cross borders, sexytime with the computer, and more...
The Tariff Madness Isn't Over
Even after Trump paused some of his new tariffs for 90 days, we still have the highest average tariffs in over a century and the biggest trade war since the Great Depression. Real relief will only come if Congress or the courts deny Trump the power to do this.
Tariffs Failed in the Middle East—America Shouldn't Make the Same Mistake
Protectionism in Egypt and Iraq fueled corruption, stagnation, and smuggling—not prosperity.
America Gained Nothing From Trump's Latest Tariff Stunt
There were no deals. There were no wins. There was no plan.
Trade War With China
Plus: Theories to explain Trump's behavior, the radium girls, university investigations, and more...
Rand Paul Is Leading Another Long-Shot Effort at Stopping Trump's Terrible Trade War
Bills introduced Tuesday in the House and Senate would terminate the emergency declaration Trump issued last week.
Don't Trust the Experts. Make Them Up!
Plus: Trade with China is basically crippled, FEMA weans NYC, and more...
Elon Musk Says Peter Navarro Is 'Dumber Than a Sack of Bricks'
Musk is right. Navarro is a socialist with foolish economic views who should never have been put in charge of anything.
Tariffs Come for Your Jerseys, Gym Clothes, and Sports Team
Plus: Formula 1, Backyard Baseball, and The Great 8 vs. The Great One.
Trump's Manly Tariffs
Plus: Supreme Court in a holding pattern, NYC acts like money grows on trees, and more...
Game Night Just Got More Expensive
A $25 board game may soon hit the shelves with a $40 price tag because of tariffs.
Can Anyone Stop Trump's Tariffs?
Plus: A listener asks if it's time for journalists to stop steel-manning Trump's policies.
Trump Advisors Struggle To Defend, or Even Explain, His Tariff Strategy
Members of the administration spent the weekend presenting contradictory defenses of Trump's economic policies.
Trump's Tariffs: It's Not Just the Stock Market That's In Trouble
The president is raising taxes, hiking prices, and creating supply chain chaos. Congress should act quickly to stop this.
Sellouts and Selloffs
Plus: A deportation fight, pussy hats in Maine, antagonizing Brown University, and more...
Trump Is Wrong About McKinley's Tariff Legacy
Did the 25th president really make America "very rich through tariffs"? William McKinley might have told you otherwise.
Puerto Rico Pays More For American Energy Than Its Neighbor
Because of the century-old Jones Act, U.S. citizens in Puerto Rico must use overpriced, outdated ships to import American LNG—while the Dominican Republic enjoys cheaper energy from the same source.
Trump's Longtime Obsession With Trade Deficits Suggests His Tariffs Won't End Soon
Although the president's pride in his negotiation skills could save us, it is hard to see what sort of deal would address his grievance about the consequences of economic freedom.
NCLA Files Lawsuit Challenging Trump's IEEPA Tariffs Against China
The lawsuit raises nondelegation and major questions doctrine arguments.
Trump's Tariff Blueprint Called for 'Careful Planning' and 'Precise Execution'
With him in charge, it never stood a chance.
Nintendo Delays Switch 2 Preorders Over Trump Tariffs
The company previously dropped out of the Brazilian market for five years until the country relaxed its tariffs on video games.
Are Trump's Tariffs Constitutional?
The International Emergency Economic Powers Act does not authorize the president's imposition of tariffs, a lawsuit alleges.
White House Cites Tariff Reports That Undermine Its Own Claims
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.
All Trade is Reciprocal. Trump's Tariffs Interfere With That Reciprocity.
Governments should just get out of the way of free trade among consumers and businesses.
Why Trump's "Liberation Day" Tariffs are Illegal
They weren't authorized by Congress and go against the major questions and nondelegation doctrines.
Yes, Trump Really Put Higher Tariffs on Israel Than Iran
And he did it after Israel dropped all its tariffs on American goods.
Trump's Tariffs Target Uninhabited Islands, Economic Dead Zones, and Individual Regions of France
The nonsensical list of territories subject to the White House's new "reciprocal" tariffs shows how amateurish the administration's new trade policy is.
Trump's New Tariffs on These 3 Countries Look Particularly Foolish
What tariffs on Singapore, Brazil, and Vietnam can tell us about how Trump misunderstands the value of trade.
'Liberation Day' Tariffs Will Liberate People—From Their Income
Lower-income families who spend the largest shares of their income on goods—and who have been badly hurt from the recent inflation—will likely suffer the most.
How Trump's New Tariffs Will Make Farming (and Food) More Expensive
Trump's first trade war cost farmers $27 billion. Losses this time around could be higher.
Liberation Day
Plus: JAQ x Batya Ungar-Sargon, Amazon's bid to purchase TikTok, and more...
America Is Losing Trump's Trade War to Itself
If tariffs are so great, why has Trump shown a willingness to back down from his threats if other countries agree to certain conditions?
The Senate Just Passed Rand Paul's Bill To Block Trump's Tariffs on Canada
The bill faces an uncertain future, but it is a faint glimmer of hope for those hoping to limit executive power over trade.
Americans Are Deeply Skeptical of Trump's 'Liberation Day' Tariffs
Polls of consumers and surveys of business owners suggest the White House has a lot of convincing to do.
The Logical Contradictions of Trump's Case for Tariffs
Taxes on imports cannot possibly deliver all the benefits the president is promising.
A Trade War Will Reduce American Exports Too
It's obvious that tariffs will harm American companies that import goods. But the losses don't end there.
Peter Navarro Says Tariffs Will Be a $6 Trillion Tax Increase, but Also a Tax Cut
If true, then these tariffs would be the biggest peacetime tax increase in American history.
The Hidden Politics of Whiskey Prices
Donald Trump is determined to make everything from Canadian whiskey to Mexican avocados more expensive. Can anyone stop him?
Challenging Trump's Tariffs Under the Major Question Doctrine
Georgetown law Prof. Jennifer Hillman explains why Trump's tariffs are vulnerable to challenge on this basis.
The 'Meritocracy' Lie
Two months after he was inaugurated, Trump has smashed many of the government's silly DEI rules. But he hasn't created a new age of meritocracy.
Trump's New Car Tariffs Are a $100 Billion Tax Increase No One Wants
The president gleefully predicted that the cost to consumers could be as much as 10 times higher.
