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 6, 2025 | Economic Policy, Trade
Kevin Corinth and Stan Veuger at AEI: The tariff the United States is placing on other countries is equal to the US trade deficit divided by US imports from a given country, divided by two, or 10 percent, whichever rate is higher. So even if the United States has no...
by jpitney | Mar 27, 2025 | Trade
New tariffs will increase the price of US-made cars because their parts come from other countries. It’s not a new phenomenon, as Milton Friedman once explained with a pencil.
