Trade War with China

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...

Trade War Resumes

Vivian Wang and Keith Bradsher at NYT: As the trade war between the United States and China kicked back into high gear after a period of tentative détente, it was clear just how vast the gulf of misunderstanding between the two superpowers had become. President Trump...

More on the Tariff Disaster

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)....

The Illogic of Protectionism

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....

The Tariff Power

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...