Either tariffs raise revenue from foreign imports or make imports expensive enough to protect domestic producers, not both. There is nothing magical about tariffs. They are taxes and they are paid by you.
Tariffs block the entrepreneurial discovery process that is essential for progress. Tariffs and protectionist policies are damaging in all respects.
Whatever the case, what the Decoupling America’s Artificial Intelligence Capabilities from China Act translates to is another example of an egregious overstep in government authority.
What determines currency exchange rates? While “experts” present a number of theories such as trade balance, the most important factor is the purchasing power of the currencies in question.
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.
President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.
Bob analyzes President Trump's recent remarks praising the revenue capacity of tariffs.
African nations such as Nigeria and Kenya desperately need market economies and freedom from the socialism and statism that infects the governing elite of that continent.
Making it harder to do business with Americans is not the way to help domestic workers, small businesses, and everyone else in middle America who has been getting ripped off under our current political system.
Ralph Raico presents the fundamental political problem of the twentieth century, which remains our fundamental political problem today: How can war—given its appalling destruction—be avoided?
