Peter Navarro says tariffs will be $6 trillion tax increase but also tax cut
In an interview with Fox Information on Sunday, White Home financial advisor Peter Navarro stated the tariffs set to be introduced this week can be one of many greatest tax will increase in American historical past—whereas additionally promising the precise reverse. "The message right here is that tariffs are tax cuts," Navarro told Fox Information' Shannon Bream in response to a query about President Donald Trump's obvious lack of concern…
Time for a DOGE dance party
On this week's The Motive Roundtable, editors Peter Suderman, Katherine Mangu-Ward, Nick Gillespie, and Matt Welch recorded a dwell episode in Austin, Texas, at Motive Weekend and coated a variety of matters: the Division of Authorities Effectivity (DOGE), tariffs, deportations with out due course of, and President Donald Trump on free speech. 02:18—What does the viewers take into consideration Trump? 04:28—A DOGE dance get together? 15:56—Trump declares new tariffs 22:11—Deportations with out…
Why economic sanctions against Iran are backfiring
How Sanctions Work: Iran and the Impact of Economic Warfare, by Narges Bajoghli, Vali Nasr, Djavad Salehi-Isfahani, and Ali Vaez, Stanford College Press, 212 pages, $24 If there's one a part of overseas coverage the place President Donald Trump has been constant, it is financial sanctions on Iran. Throughout his first presidency, Trump imposed what the State Division known as a "super-maximum economic pressure campaign." All through the Biden administration,…
Trump announces new tariff on cars and car parts
New tariffs imposed: Yesterday, President Donald Trump introduced he would impose a 25 p.c tariff on all imported automobiles beginning April 3, and automobile elements beginning Could 3. Half of the automobiles bought in the USA are imported, and each automobile constructed within the U.S. final 12 months contained foreign-made elements—the industry average is about 60 p.c.* "Shares of Toyota Motor Corp. dropped 2% in Tokyo," stories Bloomberg. "In Europe, Stellantis NV fell…
Challenging Trump’s Tariffs Under the Major Question Doctrine
(NA) Again in February, I defined why Trump's deliberate use of the International Emergency Economic Powers Act of 1977 (IEEPA) to wage an enormous commerce battle in opposition to Canada and Mexico is weak to problem beneath the nondelegation and main questions doctrines. Georgetown legislation Prof. Jennifer Hillman has a superb Lawfare article laying out the main questions argument in opposition to Trump's IEEPA tariffs in larger depth and element:…
How the samurai brought stability and justice to Japan
Within the early thirteenth century, the warrior aristocracy of Christian Europe sure its ruling monarchs to a structured authorized system—first with the Magna Carta in England in 1215, after which with a succession of different treaties throughout Europe. Barely later, a posh code of ethical norms and guidelines of conduct arose, aiming to restrain skilled warriors. Power and energy have been now subjected to authorized guidelines, and the trail to…
Trump’s new car tariffs are a $100 billion tax increase no one wants
If there's one optimistic factor to be stated about President Donald Trump's newest tariff announcement, maybe it's this: Few commerce coverage strikes are extra abundantly counterproductive and dear than tariffs on automobiles and automotive elements. That is a lesson the Trump administration is seemingly decided to be taught the onerous method. On Wednesday, Trump announced a brand new set of 25 p.c tariffs that can apply to imported automobiles and…
Trump is sabotaging his ‘drill, baby, drill’ energy agenda
Since being sworn in, President Donald Trump has made fossil fuels a central element of his power agenda. The administration has taken steps to expedite oil manufacturing on federal lands, reverse rules imposed by the Biden administration, and slow down renewable energy projects. "We've extra liquid gold below our toes than any nation on Earth and by far. And now I've totally licensed essentially the most proficient crew ever assembled…
No, the U.S. industrial base is not collapsing
If you happen to consider the political rhetoric, you most likely suppose America's industrial base has been hollowed out, gutted, or "shipped abroad." Throughout the ideological spectrum, folks say U.S. manufacturing is in decline. They argue principally about who's in charge and what number of tariffs we have to repair the issue. This extensively advised story is flawed. For one factor, for all of the discuss of job losses and…
Phil Magness: The problem with Trumponomics
What would a Mar-a-Lago accord seem like? Simply asking questions. Phil Magness is an financial historian with the Independent Institute who has deeply studied the historical past of tariffs and commerce. We invited him on the present to speak in regards to the "international financial reordering" described by Donald Trump's Treasury Secretary Scott Bessent, the president's escalating tariffs, the looming menace of a commerce battle, the shaky inventory market, and the…
