“The European Union hit back hard as U.S. President Donald Trump imposed 25 percent global steel and aluminum tariffs on Wednesday, announcing a two-stage retaliation covering €26 billion in EU exports that far exceeded a trade fight that blew up in his first term.
The European Commission said it would, from April 1, reimpose tariffs in response to €8 billion in U.S. tariffs — including on iconic American products such as Harley-Davidson motorcycles, bourbon and jeans. And, from mid-April, it will set further countermeasures over €18 billion in new U.S. tariffs, subject to the approval of EU member states.
“We deeply regret this measure,” European Commission President Ursula von der Leyen said in an early-morning statement.”
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“The 27-nation bloc — a common market spanning 450 million people — wants to send an unmistakable message that the EU is serious about defending its economic interests should Trump launch a full-scale trade war.”
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“The Commission left the door open to a deal with Trump, saying it “remains ready to work with the U.S. administration to find a negotiated solution” and adding that its measures “can be reversed at any time should such a solution be found.””
“It’s important for the new administration to understand that controlling inflation requires more than Federal Reserve action. It demands fiscal discipline. That means difficult choices that politicians typically avoid. Federal spending must be curtailed, particularly in entitlement programs. Tax revenues must be made stable and predictable. Most importantly, the administration must reject new spending, regardless of the apparent merits. Finally, more tax revenue through more growth—made possible by the improved tax system and deregulation—would help.
Continuing to ignore fiscal-monetary interactions and hoping inflation will mysteriously moderate risks a crisis that could dwarf any challenges we face today. Fiscal responsibility isn’t just about balancing books; it’s about maintaining the stability of the dollar and the prosperity of the American people. History tells us that the longer we wait, the more costly the eventual solution becomes.”
MAGA Republicans ranted and raved about a deep state they mostly imagined, and then created a real one…
“at the same time that he’s focused on dismantling the deep state, Trump seems to have built his own undemocratic, unaccountable executive apparatus.
How else should we view the incident that The Washington Post reported on last week involving Elon Musk, the unofficial head of the White House’s Department of Government Efficiency (DOGE), and Secretary of State Marco Rubio?
As DOGE was slashing its way through the U.S. Agency for International Development (USAID), Rubio issued a waiver ensuring that “existing life-saving humanitarian assistance programs” should continue, despite the announced shutdown of USAID. “Several times, USAID managers prepared packages of these payments and got the agency’s interim leaders to sign off on them with support from the White House,” the Post reported. “But each time, using their new gatekeeping powers and clearly acting on orders from Musk or one of his lieutenants, [Luke] Farritor and [Gavin] Kliger would veto the payments—a process that required them to manually check boxes in the payment system one at a time, the same tedious way you probably pay your bills online.”
As a result, USAID clinics that were supposed to be protected by Rubio’s order were shuttered.
That is an almost perfect illustration of how conservatives used to believe the deep state operated—with unelected, unofficial back-channel operatives overruling the plainly stated instructions of those who are nominally in power.”
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“this should be worrying to anyone who takes seriously the threat of the deep state or values the rule of law.
Whatever your views of Musk and Rubio as individuals, it simply cannot be that the Senate-confirmed secretary of state is having his decisions overruled by a man (or his lieutenants) who still lacks any official place in the White House’s organizational chart and who runs a rebranded version of the U.S. Digital Service, an agency meant to streamline the executive branch’s digital outreach efforts that has no statutory authority to make spending decisions.”
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“while the situation with USAID and Rubio is the most high-profile, it is not the only example of DOGE and Musk operating like the very deep state Republicans used to criticize.”
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“Overruling the decisions made by legally appointed officials. Dodging transparency. Refusing to identify who is running the show. Are Musk and the DOGE just the deep state by a different name?”
“”Part of the confusion comes from Social Security’s software system based on the COBOL programming language, which has a lack of date type,” reported the Associated Press last month in response to DOGE reports about improper payments. “This means that some entries with missing or incomplete birthdates will default to a reference point of more than 150 years ago.” (The agency auto-stops payments to those older than 115.) The Social Security Administration’s inspector general has admitted as much: The agency is really struggling to figure out how to “properly annotate death information in its database” per the A.P., and there are nearly 20 million Social Security numbers of people born in 1920 and earlier who haven’t been marked as dead. But Trump is conflating “not marked as dead in a database” with “received benefits”—an absolutely wild leap we have no evidence to support. In fact, the July 2023 report from the inspector general notes that “almost none of the numberholders discussed in the report currently receive SSA payments.””
“Economist Peter C. Earle, the director of economics and economic freedom at the American Institute for Economic Research, tells Reason that referring to Trump’s proposal to acquire vast amounts of cryptocurrency as a “strategic reserve” is “misleading first and foremost because traditional strategic reserves…like the strategic petroleum reserve [and] China’s strategic pork reserve are basically…repositories where large amounts of commodities are held [that] serve economic and security functions.” No cryptocurrency serves a security function, and only two, bitcoin and cardano, could plausibly serve the economic role since their supply is algorithmically constrained, explains Earle. Instead, the federal government committing itself to purchasing cryptocurrency would put a “floor under crypto values” and would function as a “sort of soft subsidy.””
An immediate impact of tariffs is increased prices. Paying more means less money for other purchases and investments. Less purchases and investments means a smaller economy than there otherwise would be. A smaller economy means less wealth and jobs for most people.
“Multiple lawsuits he’s filed against media operations are “chilling attempts to convert Trump’s complaints about press coverage into causes of action are legally baseless and blatantly unconstitutional,” notes Reason’s Jacob Sullum. He used as an example Trump’s recent social-media post after MSNBC cancelled a TV show: “Fake News is an UNPARDONABLE SIN! The whole corrupt operation is nothing more than an illegal arm of the Democrat Party. They should be forced to pay vast sums of money for the damage they’ve done to our Country.”
Trump, who calls the media the “enemy of the people,” is all for a free press as long as it’s parroting his political line. He recently booted the Associated Press—which despite its biases provides mostly nuts-and-bolts reporting—from presidential events after it refused to start calling the Gulf of Mexico the Gulf of America, following our Chief Mapmaker’s childish edict. This is bullying.
The New York Times reported that the administration “would start handpicking which media outlets were allowed to participate in the presidential press pool, the small, rotating group of reporters who relay the president’s day-to-day activities to the public.” This is not just an assault on protocol, but a glaring attempt to punish outlets that don’t bend the knee. A California Assembly speaker once denied my reporting team press passes for dubious reasons. It’s hard to do one’s job as a journalist if the government denies you access to its activities.
Trump’s interim U.S. attorney for the District of Columbia, Ed Martin, recently threatened criminal investigations of members of Congress and the media who have criticized Elon Musk and his team of DOGE budget-cutters. It’s preposterous for prosecutors to treat feisty comments as “threats,” which is the justification used by Martin’s office. And, as a letter from various civil-rights groups points out, it is certainly not a crime “to identify individuals openly conducting government work that is of the utmost public concern.”
A Trump executive order relating to anti-Israel protests called on universities to “monitor for and report activities by alien students and staff.” It’s fine to deport visiting students who engage in violence and law-breaking—but the highly respected and non-ideological rights group, the Foundation for Individual Rights and Expression (FIRE), argues that this edict “would make universities monitor students’ constitutionally protected speech.”
There are plenty of other examples to belie MAGA’s boast that it champions free-speech absolutism.”
“Trump and his allies believe tariffs are the key to all sorts of wondrous economic outcomes that will make America more prosperous. In his speech to Congress on Tuesday night, Trump said that tariffs “are about protecting the soul of our country,” whatever that means.
But even if you buy those arguments, it should be obvious that tariffs being implemented and then immediately withdrawn (for the second month in a row) will not produce the promised benefits.
They won’t generate revenue for the government, won’t cause businesses to alter their supply chains, and won’t stop the flow of illegal drugs. It’s the equivalent of looking at a river, declaring your intention to build a dam, and then expecting the river to become a reservoir.”