by jpitney | Oct 15, 2025 | China, Economic Policy, Trade
Lingling Wei and Gavin Bade at WSJ: In its trade standoff with Washington, Beijing thinks it has found America’s Achilles’ heel: President Trump’s fixation on the stock market. China’s leader, Xi Jinping, is betting that the U.S. economy can’t absorb a prolonged trade...
by jpitney | Oct 12, 2025 | Economic Policy
Congratulations to @MariaCorinaYA on receiving the Nobel Peace Prize. Her courageous fight for democracy in Venezuela is a reminder that socialism doesn’t lift people up, it holds them down. We continue to stand with the Venezuelan people in their pursuit of freedom,...
by jpitney | Sep 6, 2025 | Economic Policy, Trade
Wall Street Journal: Nearly all of the new jobs last month were in social assistance and healthcare (46,800), which rely on government spending. Industries with high tariff exposure shed workers, including manufacturing (-12,000) and wholesale trade (-11,700)....
by jpitney | Sep 5, 2025 | Economic Policy, Reagan, Trade
Forty years ago, President Reagan said: My own feeling is that protectionism just leads to a restraint in trade and a lowering of prosperity for everyone involved. And I know in our own Great Depression back in the early thirties, I believe that depression was...
by jpitney | Sep 2, 2025 | Economic Policy, Trade
Michael Strain at AEI: Protectionists can appeal to intuitive economic logic. Tariffs are a tax on imported goods, but not on domestically produced goods. By increasing the relative price of imported goods, price-sensitive consumers will substitute away from imports....
by jpitney | Aug 30, 2025 | Constitution, Economic Policy, Judiciary, Madison, Taxes, Trade
Tony Romm and Ana Swanson at NYT: A federal appeals court ruled on Friday that many of President Trump’s most punishing tariffs were illegal, delivering a major setback to Mr. Trump’s agenda that may severely undercut his primary source of leverage in an expanding...
