Companies are seeking refunds from the federal government following the Supreme Court ruling—but consumers may still be stuck with higher prices.
trade
Posted inEconomic Policy
The Opening of Trump’s Box
Iran has put a tollgate across the Strait of Hormuz. This fundamentally changes the global economy.
Posted inAmerica and the World
Canada Fighting Different Wars on Two Fronts
Prime Minister Mark Carney has expressed support for and shunned participation in the Iran war, bringing a new dimension to already contentious USMCA review talks.
Posted inEconomic Policy
Iran War Exposes America’s Unfixed Supply Chains
We have a trillion-dollar military without enough bombs to fight for more than a week, and none of the critical components needed to make more.
Posted inEconomic Policy
The Looming Chaos of Tariff Refunds
Companies, consumers, and hedge funds all want a piece of the revenue from the tariffs the Supreme Court invalidated. That will create unnecessary economic damage.
Posted inEconomic Policy
Trump’s Tariffs Weren’t Really About Trade Policy
They were about his nostalgia, his ego, his bigotry, and his greed.
Posted inTAP
Trump’s Steady Loss of Support From Republicans and Courts
Every day’s headlines produce another Trump tantrum and more defections from House and Senate Republicans—and court decisions.
Posted inTAP
The Big Winner: China
Trump claimed that his Greenland foray was needed to contain the influence of China and Russia in the Arctic. The result: China is more globally powerful than ever.
Posted inTAP
Tariffs: Maybe Not So Crazy
Trump’s tariffs are more a petulance than a policy, but some strategic uses of tariffs can make economic sense. Look at China’s declining trade surplus with the U.S.
Posted inEconomic Policy
Where Big Tech and Trump Are Demanding Tax Cuts and Deregulation
A new analysis shared with the Prospect shows that Big Tech is seeking changes to national law in 64 countries. The Trump regime is helping them.