American Institute for Economic Research, November 22, 2022 Industrial Policy Returns, Prior Pratfalls Notwithstanding James Bovard Jubilation erupted in Washington this summer as industrial policy came back into fashion. Congress passed Biden-backed legislation known as the CHIPS Act to spend $52 billion subsidizing semiconductor production. But the new law is a reminder that politicians prosper […]
(TFC) – The opening shots of the largest trade war in history were fired this morning at midnight EST. President Trump’s tariffs went into effect. “China is forced to strike back to safeguard core national interests and the interests of its people,” said the Chinese commerce ministry. China is expected to return fire by adding tariffs to […]
(ZHE) As previewed one week ago, on Sunday China unveiled new retaliatory duties on US food imports including pork, nuts, wine and fruits of between 15% and 25% in response to Trump administration’s Section 232 tariffs (not to be confused with the $60BN in Section 301 tariffs unveiled subsequently) on steel and aluminum imports. In a statement posted on […]
(ANTIMEDIA) “We’re going to build a big, beautiful wall — and Mexico is gonna pay for it,” was one of Donald Trump’s campaign mantras. However, as Americans who don’t have political short-term memory loss will remember, politicians break promises once they’re elected. Such is the case with Trump’s promise to make Mexico pay for his “great” wall.
Trump's wall is an inevitable tax on U.S. taxpayers.
