The Federal Circuit’s Tariff Ruling Highlights the Audacity of Trump’s Power Grab
https://reason.com/2025/09/01/the-federal-circuits-tariff-ruling-highlights-the-audacity-of-trumps-power-grab/
Tag: taxes
China’s Shadow Moves: Ukraine, State Capitalism, and AI Ambitions | China Watch
Trump’s tariffs are likely to produce a record trade surplus for China as imports from China are frontloaded.
https://www.youtube.com/watch?v=ze8fbNgsZ0s
Why the U.S. is on the Precipice of a Recession — ft. Mark Zandi | Prof G Markets
Hiring is so low, it’s almost like we have a hiring freeze across the country.
The U.S. is on the edge of recession directly because of Trump policies–tariffs, immigration crackdown, DOGE cuts.
Hyperinflation around the world regularly happens after an executive takes control of a central bank and makes it cut interest rates.
https://www.youtube.com/watch?v=D5F8o9z1-Nc
EU faces first test of fragile trade truce with Trump
““Deals with the Trump administration simply do not create the kind of lasting certainty everyone is desperate for, because certainty, predictability and strict fidelity to treaties are not White House objectives,” said Dmitry Grozoubinski, a former trade diplomat and author of the book “Why Politicians Lie About Trade.””
https://www.politico.eu/article/eu-faces-first-reality-check-fragile-trade-truce-donald-trump/
‘Clearly a low moment’: US-India relationship sours as new tariffs kick in
“The new levies — imposed, in part, to pressure Russia to end its war on Ukraine by punishing one of its largest oil buyers — will raise the country’s tariff rate to 50 percent and are likely to inflame tensions between the world’s two largest democracies.
…
The Indians, meanwhile, have shown little sign of budging on their Russian oil purchases, which the government has framed as purely an economic decision.
Now, India’s 50 percent tariff rate will be nearly as high as the 55 percent levy Chinese goods face.
…
For much of this century, U.S. presidents have sought to pull New Delhi into closer strategic ties — and pry it away from its traditional relations with Moscow — through India’s membership in the China-countering group known as the Quad, which also includes Australia, Japan and the United States.
Those efforts appeared to be bearing fruit as recently as January following a meeting in Washington with top diplomats from Quad countries when India’s Foreign Affairs Minister Subrahmanyam Jaishankar told reporters that New Delhi was willing to nudge the grouping toward a greater defense and security focus. That initiative is likely dead as long as the Trump administration’s tariff punishment continues.”
https://www.politico.com/news/2025/08/26/clearly-a-low-moment-u-s-india-relationship-sours-as-new-tariffs-kick-in-00527196
How China’s $285M Export Hub in Brazil Will Cost U.S. Billions | WSJ Center Point
Because of the trade war, China is getting more agriculture goods from Brazil than the U.S.. China is building a port in Brazil to get even more from Brazil and even less from the U.S.. Too bad for U.S. farmers.
https://www.youtube.com/watch?v=A4l_wHA8kvk
Soaring Wholesale Prices Mean Higher Inflation Is Coming. Are Tariffs To Blame?
“Overall, the producer price index (PPI), which measures the prices paid to domestic producers for their output, climbed by 0.9 percent last month (well above expectations) and 3.3 percent on an annualized basis. A few categories saw particularly large increases. Wholesale prices for food, for example, rose by 1.4 percent, while wholesale prices for consumer electronics increased by over 3 percent.
…
Lots of domestic products rely on imports of raw materials and intermediate goods. You can’t make a chocolate bar without cocoa beans, for example, and over half of all imports are things that domestic businesses use as inputs.
Economists have warned that tariffs would increase the cost of importing component parts and force domestic firms to increase the prices they charge for their outputs. That seems to be exactly what today’s PPI report shows.
Second, the PPI is often seen as an advance warning system for higher inflation at the consumer level—because higher prices at the wholesale level will likely be passed along at the retail level.”
https://reason.com/2025/08/14/soaring-wholesale-prices-mean-higher-inflation-is-coming-are-tariffs-to-blame/
Trump Promised ‘Reciprocal’ Tariffs. The Numbers Tell a Different Story.
“In most cases, Trump’s tariffs are significantly higher than the tariffs charged by other countries on American goods.”
https://reason.com/2025/08/18/trump-promised-reciprocal-tariffs-the-numbers-tell-a-different-story/
Tariffs Begin Taking a Bite out of the Economy
“Even as some Republicans mocked economists for predicting prices would rise as a result of tariffs, there was a whistling-past-the-graveyard quality to the snickering. Yes, tariffs that had been threatened, delayed, and only partially implemented hadn’t yet much increased costs for consumers, but there were clear signs that importers were rushing to beat high customs duties, and that trouble was on the way. Now we’ve had a weak jobs report and a higher-than-expected producer price index (PPI), and it’s clear that tariffs perform just as we were warned: They raise prices for domestic businesses and consumers.”
https://reason.com/2025/08/20/tariffs-begin-taking-a-bite-out-of-the-economy/
Trump’s Steel Tariffs Now Apply to Milk and Hundreds of Other Products That Aren’t Steel
“The Trump administration’s 50 percent tariffs on imported steel and aluminum were expanded this week to cover hundreds of imports that plainly are not steel or aluminum. Among the items targeted by the new tariffs: dairy products like milk and cream, as well as gasoline and other fuels, fire extinguishers, baby strollers, furniture, engines, and motorcycles. In short, anything that contains steel or aluminum or that is (as with dairy products) transported or stored in steel or aluminum containers could now be subject to those massive import taxes.”
https://reason.com/2025/08/20/trumps-steel-tariffs-now-apply-to-milk-and-hundreds-of-other-products-that-arent-steel/