The Hollowing Out of America’s Medicine Cabinet
For the first time on record, the United States makes barely a quarter of the medicine it needs.
Saving American Cannery
President Trump’s revision to the steel tariff in 2025 was meant to fix the tariff inversion problem – situations where we tariff steel imports, but not things made of steel. Putting a tariff on metal can imports, but not metal cans filled with food, is a perfect example of mindless tariff inversion driving offshoring. This precise problem was solved and settled in 1930, and Commerce and USTR can fix it at any time with existing authority.
In Senate Finance Hearing with USTR Amb. Jamieson Greer, Democratic Leadership Launches Anti-Tariff Bill
Meanwhile, Others Call for Tariffs on Lamb Meat, Sugar and Steel-Making Ores
CPA Issues Statement of Support for New Labor Tariff Action
New duties on imports from dozens of countries take effect this week, closing the gap left after the Supreme Court struck down the President’s earlier tariff authority.
Trump Tells War Department to Gain Better Visibility of Critical Minerals Used by Defense Contractors
Companies making goods from the Department of War (DoW) will now need much clearer visibility into their supply chains, especially if a product they make or buy includes critical minerals.
The Trade Bargain Behind America’s Cost-of-Living Crisis
Trade structured to support production raises productivity, and rising productivity raises the incomes that fund consumption durably, out of earnings instead of borrowing. That is the only durable answer to the cost-of-living crisis: paychecks that can carry the price of housing, healthcare, and childcare.
Cancelling Hard-Won Fertilizer Trade Remedies, the Administration Tells Domestic Producers: Don’t Count On Your Home Market
Last week, the White House declared an emergency under Section 318 of the Tariff Act of 1930 and suspended, for eight months, the collection of anti-dumping and countervailing duties on phosphate fertilizer from the Kingdom of Morocco.
May Trade Deficit of $106.4 Billion is Not as Bad as it Looks
The goods deficit for May is the worst looking deficit on paper, at $106.4 billion, but might not be as bad as that number suggests.
Minimum Import Price: The Good American Tradition Versus the Failed Globalist Design
Before USTR borrows the tin cartel’s playbook, it should look to the American tradition of minimum import pricing — and beware the foreign imitations that ended in ruin.
No Longer With the Fed, Stephen Miran Can Now Tout Tariffs as Tax Policy
Former member of the Federal Reserve Board, Stephen Miran, did not waste much time post-government to come out publicly in favor of tariffs. In a June 28th thread on X, Miran made the market case for tariffs – centered on the “optimal tariff,” failed economic models, and revenue tariffs to curb or cut taxation.
