The CHIPS Act Is Corporate Welfare Disguised as Industrial Policy
Industrial policy is making a comeback. For those of you under the age of 50, this is just another term for corporate welfare—a lovely name for the unlovely practice of …
Tariffs
How Trump’s Tariffs on Chinese Chemical Products Backfired
When the Trump administration implemented tariffs on Chinese chemical companies in 2018, administration officials said tariffs would make American chemical companies more competitive. But industry groups told regulators last week …
American Steelmakers Are Still Defending Trump’s Tariffs That Crushed Consumers
To hear lobbyists from the steel industry tell it, President Donald Trump’s decision in 2018 to impose 25 percent tariffs on foreign steel is just about the only thing keeping …
America’s Fishing Industry Is Getting Caught Up in the Trade War
The American fishing industry is caught in the middle of the ongoing trade war between the U.S. and China—hooked by tariffs imposed on both sides of the Pacific. As a …
How Tariffs Are Making Summer Fun More Expensive, Less Safe
Tariffs aren’t merely making summer fun more expensive—they are also making it potentially more dangerous too. “Life Saver is not a misnomer,” writes Neil Mooney, an attorney representing Life Saver …
FDA Finally Admits It Caused the Baby Formula Shortage
The Food and Drug Administration (FDA) has finally determined what’s to blame for America’s recent shortage of baby formula. The FDA. More specifically, it’s the FDA’s unnecessary and protectionist rules …
Joe Biden’s Solar Panel Tariffs Are a National Security Threat, Says Joe Biden
It’s not every day that you see a president declare some of his administration’s own policies to be a national security risk. But that’s exactly what President Joe Biden did …
Tariffs Are Adding to Inflation. Biden’s Commerce Secretary Says Repealing Some ‘May Make Sense.’
Tariffs raise prices. That is literally the thing they do. Politicians often try to obscure that basic fact by talking about tariffs’ second-order effects. They say that applying taxes to …
Can’t Find Baby Formula? Blame Tariffs and the FDA.
President Joe Biden has invoked the Defense Production Act and ordered the U.S. military to fly pallets of baby formula into the country from Europe. But if the federal government …
Why Is Biden Still Limiting Imports of South Korean Steel?
A day after President Joe Biden indicated that he might consider lifting some of the tariffs that former President Donald Trump imposed on imports from China, the White House’s top …