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Improving through 2025Q3. But taking out the revenue associated with the illegal IEEPA tariffs, well… Figure 1: Federal budget balance excluding automatic stabilizers (blue), and e...
Goods trade deficit larger than before the election. So much for tariffs reducing goods imports relative to pre tariff. Figure 1: Goods trade balance, BoP basis (black), Census bas...
Donald Trump forces me to learn another obscure trade remedy (from the 1930’s). I’m pretty certain this will not achieve any economic goals, and yet sustain economic and trade poli...
U.S. apparel sourcing is entering a period of adjustment as revised Section 301 tariffs change the cost of supplying the American market. The impact is not uniform across Asian sup...
In their textbook, Modern Principles of Economics, Tyler Cowen and Alex Tabarrok ask what happens when Walmart buys toys from a Chinese supplier. I decided to test this once by goi...
Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance, REG-115145-25, July 31, 2026 The Department of the Treasury...
The US today replaced its temporary Section 122 import surcharge with a new Section 301 tariff regime, targeting imports from 60 economies. However, customs specialists say the big...
The US is going to expand the trade war against a whole slew of countries, using Section 301 charging “structural excess capacity”, caused by government intervention. China is up o...
Walmart is investing its $2.9 billion return into price cuts, while Target plans for additional reimbursements and Home Depot and Lowe’s offset higher costs.
by Jack McGeever at CDN - Major corporations are raking in billions from tariff refunds that are improving their balance sheets following a major Supreme Court decision, The Wall...
US Section 301 duties add a cotton tariff-rate quota for Bangladesh, Cambodia, Indonesia and Malaysia garments made with US-origin fibre. US cotton still lands in Asia about five c...
The Trump administration’s latest volley of tariffs include those imposed under section 301 and those imposed under section 338. The 50% tariffs now in effect on Canada (with more...
Ten years ago, then-Speaker Paul Ryan and Ways and Means Chairman Kevin Brady released the "Better Way" Tax Plan, the blueprint that would eventually become the Tax Cuts and Jobs A...
While importers are beginning to receive refunds after the US Supreme Court struck down the original IEEPA tariff regime, the Trump administration has already introduced a new Sect...
NEW YORK — Americans who bought something from an overseas vendor last year may be in for a surprise when they check their bank accounts. Shippers including FedEx and UPS that acte...
The U.S. will collect duties of between 10% and 12.5% on imports from most major trading partners, reconstructing the tariffs struck down by the Supreme Court.
Foreign Currency Gain or Loss of Controlled Foreign Corporations, REG-103844-26, 91 Fed. Reg. (proposed Aug. 14, 2026) On August 13, 2026, the Department of the Treasury and t...
According to an article published Wednesday in The Wall Street Journal, more than 40 S&P 500 companies have reported roughly $9.6 billion in tariff refunds. Apple leads at near...
The latest tariff move wasn't about raising rates; it was about making them stick, and that could reshape which stocks win for years to come.
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