by jpitney | Aug 8, 2025 | Economic Policy, Trade
Kailyn Rhone at NYT: The sweeping tariffs target nearly all U.S. trading partners and push the average tax on imports to more than 18 percent, the highest since 1934 and a steep jump from 2.4 percent in January, according to Yale’s Budget Lab. While the taxes are...
by jpitney | Aug 7, 2025 | Congress, Presidency, Separation of Powers
Philip A. Wallach at Law & Liberty: We should dispassionately take stock of Congress’s current position on foreign and domestic policy, on taxing and spending, and on the deeper question of what role our elected representatives play in our Constitutional system....
by jpitney | Jul 31, 2025 | Budget, Economic Policy, Trade
Jessica Riedl at WP: [E]conomists generally agree that trade wars harm long-term economic growth by limiting consumer options, raising costs, reducing investment capital and killing jobs in industries that suffer from foreign retaliation. This slowdown in the growth...
by jpitney | Jul 21, 2025 | Economic Policy, Trade
Tariffs aren’t instant inflation. Goods take a month at sea, another in customs, and more time in storage. Then you work through the storerooms that businesses filled ahead of time. Only then do new costs hit shelves. So yes, tariffs raise prices—just not right away....
by jpitney | Jul 9, 2025 | Economic Policy, Korea
The U.S. is imposing a 25% tariff on Korea because of trade deficits that it claims are “engendered by Korea’s Tariff and Non Tariff, Policies and Trade Barriers.” But Korea has a free trade agreement with the U.S. It charges zero tariffs on nearly...
