Just four days ago, the Biden administration launched a new line of attack against former President Donald Trump and his campaign trail promise to hike tariffs if he is elected in November. Those higher tariffs would be “inflation-feeding welfare for the rich” that would raise prices for consumers, according to an Axios summary of a […]
Shortly after Nippon Steel announced plans to purchase U.S. Steel, Sen. J.D. Vance (R–Ohio) vowed to “do everything in my power” to prevent the two private companies from finishing the deal. Even against that backdrop, Vance’s latest gambit is a shocking and shameless attempt at using federal power to steer U.S. Steel’s shareholders away from […]
In the grand circus of politics, where elephants and donkeys alike perform under the big top, there’s one act that never fails to draw a crowd: the venerable “job creation” routine. Putting people back to work, especially those without college degrees and in the manufacturing world, is in the center ring. Unfortunately, when you look […]
Leaders of both parties agree: We must reduce globalization. “China is ripping us on trade,” says Donald Trump. Our trade deficit is “an immorality,” says Nancy Pelosi. But it’s not. In my new video, Scott Lincicome of the Cato Institute points out, “Selling us stuff is hardly ripping us off.” He’s right. Our video debunks […]
In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman discuss Donald Trump’s horrible tariff proposal, reactions to the Francis Scott Key Bridge collapse in Baltimore, and the late Joe Lieberman. 02:05—Trump vs. Biden on trade 19:39—Reactions to the Baltimore bridge collapse 31:17—Weekly Listener Question 39:22—R.I.P. Joe Lieberman Send […]
Former President Donald Trump’s plan to impose a 10 percent tariff on all imports to the United States would hike prices and cost the average American household $1,500 annually. That’s the sobering conclusion reached by a new economic analysis from the Center for American Progress (CAP) Action Fund, a left-leaning think tank and advocacy organization. […]
American lawmakers, backed by the drone industry, are looking to ban Chinese-made consumer drones. Like the proposed ban on TikTok, Chinese drone bans have been justified by fears of Chinese surveillance, but the real motivation seems to be protectionism: American companies are trying to edge out their foreign competition. Earlier this year, Congress passed the […]
The Pennsylvania-based U.S. Steel company recently agreed to be purchased by the Tokyo-headquartered publicly traded company Nippon Steel. This deal makes sense to economists. It will encourage other foreign companies to invest in the U.S., creating wealth and new job opportunities, and further shoring up the U.S. economy, particularly amid inflation worries. More importantly, this […]
If you’ve heard of the concept of “luxury beliefs,” you can thank writer Rob Henderson. Henderson’s concept refers to cultural and political ideas that are predominantly held and advertised by individuals in society’s upper echelons—those persons with significant economic, social, and cultural capital—to demonstrate that they are on the side of the downtrodden, minorities, and […]