The nation that defeated the U.S. 50 years ago now has the largest trade surplus with us of any nation.
tariffs
Posted inTAP
How Trump Is Destroying Detroit
His takedown of the U.S. auto industry can’t be good for Republicans in Michigan either.
Posted inEconomic Policy
How Trump Declared Economic War on His Own People
The simultaneous economic sanctions on Iran and Canada will make everything you buy cost more—if we’re lucky.
Posted inTAP
Canada Stands Up to Trump’s Illegal Tariffs
After the U.S. increased demands over the weekend, Canadian Prime Minister Mark Carney rightly concluded that deals with this president are a fool’s errand.
Posted inPolitics
The Senate’s Mad Dash to Pass Something Before the Midterms
It was a lot of sound and fury signifying next to nothing, as most of the bills the Senate passed and the ones it punted to September are doomed.
Posted inEconomic Policy
Can American Economics Change?
A business school professor and storied investor says it now has to prioritize the national interest. That’s a start, but nowhere near enough.
Posted inEconomic Policy
Aftermath: The Hormuz Farm Crisis
Today in the newsletter: Fertilizer prices are crushing rural farmers. Also, attacks on Gulf state aluminum smelters leave America exposed.
Posted inEconomic Policy
The Tariff Refund Nightmare
In principle, Americans are owed $166 billion in refunds of Trump’s illegal tariffs. But actually collecting is like unscrambling an egg.
Posted inEconomic Policy
Will Americans Keep Paying a ‘Tariff Tax’?
Companies are seeking refunds from the federal government following the Supreme Court ruling—but consumers may still be stuck with higher prices.