by jpitney | Jun 26, 2025 | Economic Policy, Trade
Phil Gramm and Donald Boudreaux at WSJ: Because steel and aluminum are crucial in manufacturing, anything close to a 50% tariff will drive up the cost of U.S. manufactured products dramatically. That will harm consumers, make U.S. manufactured products far less...
by jpitney | Jun 24, 2025 | Economic Policy, Trade
Fed Chair Jerome Powell: Policy changes continue to evolve, and their effects on the economy remain uncertain. The effects of tariffs will depend, among other things, on their ultimate level. Expectations of that level, and thus of the related economic effects,...
by jpitney | Jun 13, 2025 | Economic Policy, Trade
Ana Swanson and Alan Rappeport at NYT: Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs, the Commerce Department said Thursday. The department said in a notice that levies would take...
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,...
