News / trade
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1 min read
You Built the Bridge and Paid the Toll
Read more . . . →Canada spent $6.4 billion building the Gordie Howe International Bridge. Then agreed to share the toll revenue with the United States for fifteen years. Then scrapped the digital services tax. Then killed the Netflix tax. Then pulled its own retaliatory tariffs off the table. A reporter asked Carney what Canada got back for all of that. He couldn’t name one thing. Not a reduced rate, not a delayed deadline, not a handshake agreement scribbled on a napkin. Six and a half billion dollars and a stack of policy surrenders bought exactly zero goodwill from a man who doesn’t sell it....
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1 min read
The Big China Deal Is That You Keep Paying
Read more . . . →Trump announced a “trade deal” with China today. Here’s the deal: the 20% fentanyl tariff stays, the 10% reciprocal tariff stays, the effective rate on Chinese goods sits near 30% — the highest on any country on earth — and the bigger tariffs he threatened get paused for sixty days. That’s the whole agreement. He held a press conference to tell you nothing changed and that this is a tremendous win. A tariff is a tax, and you’re the one who pays it. The Tax Foundation put a number on it: this trade war is the largest tax hike as...
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1 min read
Two Courts Down, Still Searching for a Legal Tariff
Read more . . . →The Supreme Court said Trump’s tariffs were illegal. Then a trade court struck down the replacement tariffs too. Now the administration is launching “forced labor” investigations into 58 countries — the EU, Canada, Brazil, basically anyone who trades with America — as the next legal vehicle to reimpose the same tariffs under a different statute. This is not economic policy. It’s a man running out of courtrooms. While the lawyers scramble, 98,000 manufacturing jobs have vanished since the tariff push started. The factories are not roaring back. The towns built around those jobs are not roaring back. What is roaring...
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