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The Latest Breaking News from Scott Lincicome

Court Orders Trump to Refund Companies Over Illegal Tariffs, Owes Up to $175 Billion and $700M Monthly in Interest

Court mandates Trump-era tariff refunds, citing $700 million monthly interest, potentially raising federal debt to $175 billion plus

International Business Times UK

After Paying Illegal Tariffs, Will Small Businesses Get a Refund? 'I'm Not Holding My Breath.'

Even if the refunds are made, business owners say they won't cover all the additional costs created by Trump's chaotic trade policies.

Reason

Trump’s $175 billion illegal tariff revenue is now accruing interest, and refund delays could be costing American taxpayers $700 million a month

“Consumers will be the biggest losers here,” a Cato Institute economist told Fortune.

Fortune

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Trump's Economic Adviser Says Tariff Refunds Would Be 'Very Complicated' and Unlikely

Oh, so now the Trump administration is worried about the complexity of its tariff polices?

Reason

3 Reasons Why Zohran Mamdani's City-Run Grocery Stores Will Fail

Zohran Mamdani’s plan to open government-run grocery stores would waste taxpayer money solving a problem NYC doesn’t have.

Reason

Coming Soon to the Supreme Court: Are Tariffs Taxes?

The correct answer is: Yes, even when they are also regulations. Whether the Court agrees could determine the future of presidential power.

Reason

The White House Thinks Taking Partial Ownership of a Canadian Mining Company Will Reduce the National Debt

Trump's deal with a lithium mine in Nevada follows similar "creative deals" with Intel and U.S. Steel.

Reason

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Trump Says He 'Paid Zero' for the Government's $11 Billion Stake in Intel. Here's the Downside.

This is corporate socialism in a MAGA hat.

Reason

Scott Lincicome: How Much Will You Pay To 'Buy American'?

What is the relationship between Trump's tariffs and the rest of the economy?

Reason

Tariffs on Chinese Goods Drop to 55%, but That's Cold Comfort for Consumers

Triple-digit bilateral tariffs have been brought down to double digits. Negotiations on semiconductors and rare earth elements will continue.

Reason

Trump Is Wrong. Cheap Goods Are Awesome.

The right number of dolls? As many as your kid wants.

Reason

Trump's tariffs threaten to end quarter-century era of cheap goods for U.S. consumers

President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months

The Independent UK

Trump Backs Off Mexico, Canada Tariffs After Market Blowback

Trump signed orders Thursday to hit pause on the fresh tariffs for Canadian and Mexican imports covered by a North American trade agreement, though he dismissed suggestions that his decisions were linked to market turmoil.

International Business Times

The goods hit first by Trump’s tariffs on Mexico, Canada and China

Imports from Canada and Mexico will be taxed at 25 percent while levies on Chinese products will increase to 20 percent

The Independent UK

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International Business Times

What Are Reciprocal Tariffs And Who Might Be Affected?

US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this "the only fair way" to trade.

The Independent UK

Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China

President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday

International Business Times

Trump Has Vowed Sweeping Tariffs: What Comes Next?

US president-elect Donald Trump says "tariff" is the most beautiful word in the dictionary -- and the Republican's second term promises sweeping measures on all $3 trillion worth of US imported goods.

Reason

Increase in Tariffs Would Trigger Global Economic Decline, Study Finds

A new IMF study finds that a global increase in tariffs could decrease global GDP by nearly 1 percent by 2025 and over 1 percent by 2026.

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news in one place.

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Reason

Tariff Gambit

Plus: Elon Musk's purportedly illegal scheme, nicotine nation, and more...

Reason

Perils of Broad Presidential Power Over Tariffs

Donald Trump's plan for massive tariff increases is particularly dangerous because the White House could likely implement it without any new congressional authorization.

Reason

Could Trump Impose More Tariffs Without Congressional Approval?

Yes. But there might be one more key opportunity to rein in presidential powers over trade.

Reason

Instead of Vote-Buying Tax Promises, Let's Have Real Plans for Tax Relief

Lower taxes are better taxes, but they should be part of well-considered plans.

WEKU

Biden is hosting Japan's Kishida. But the Nippon Steel deal is not on the agenda

President BIden and Japanese Prime Minister Fumio Kishida Fumio announced efforts to strengthen military ties, as well as collaborations on space exploration and artificial intelligence.

Reason

Trump and Biden Both Get Globalization Wrong

Free trade brings us more stuff at lower prices.

Reason

Protectionism Ruined U.S. Steel

Another round of federal intervention to prevent its sale makes no sense.

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