by jpitney | May 25, 2025 | Congress, Trade
Protectionists like to point to the 19th century. They don’t understand history. Phil Gramm and Donald J. Boudreaux at WSJ: Under the Articles of Confederation and the Constitution, the U.S. government had no power to tax income until 1913. Throughout the 19th...
by jpitney | Apr 28, 2025 | Congress, Economic Policy, Trade
Don Wolfensberger at The Hill: The first tangible sign of bipartisan pushback to the president’s tariffs occurred in the Senate where Sen. Tim Kaine (D-Va.) introduced a bill to undo the 25 percent tariff against Canadian goods. On April 3, that measure passed, 51-48,...
by jpitney | Apr 24, 2025 | Economic Policy, Taxes, Trade
Understanding the Effects of Tariffs By Kyle Pomerleau | Erica York Abstract We provide an overview of the major implications of tariffs on the economy, federal revenue, and households. Tariffs do not directly affect the trade deficit, which is driven by net lending...
by jpitney | Apr 23, 2025 | California Politics, Economic Policy, Trade
AT LAT, Malia Mendez reports: [A trade war} “could devastate Southern California’s nearly $300-billion trade and logistics industry in the coming years, according to a Los Angeles County Economic Development Corp. report released Tuesday. The report,...
by jpitney | Apr 20, 2025 | China, Technology, Trade
Nathan Gardels at Noema writes of the unanticipated consequences of the trade war: … Keyu Jin, author of “The New China Playbook: Between Socialism and Capitalism,” points out that the tariff war will also result in reshaping China’s industrial structure, likely...
by jpitney | Apr 18, 2025 | Canada, Trade
Gov. Jared Polis, interview about tariffs in The Washington Post: The risk has delayed and canceled investments in manufacturing in Colorado and across the country. Nobody knows if they can even get the parts and materials they need. Nobody knows if they’ll be able to...
