By: Merrill Matthews. wsj.com – April 7, 2025 Allowing one-time, taxable IRA withdrawals would produce the billions in revenue Republicans are looking for. One of the problems Congress sought to fix in 2017 was the repatriation of U.S. multinational funds sitting in overseas bank accounts. At the time, U.S. multinationals paid the taxes due in the country where they operated,...

Some experts say Trump’s “Liberation Day” tariffs, which extended even to remote islands, were meant to cut China from the global supply chain with whatever means necessary.

President Donald Trump has predicted that his tariffs could raise as much as $6 trillion over the next decade in federal tax collections. These include up to 104% tariffs on China, plus the combination of reciprocal tariffs — we charge them whatever they charge us.  

President Trump has imposed the largest tax increase since 1982 through his tariffs, which will cost U.S. taxpayers $258.4 billion this year alone and $2.9 trillion over a decade, damaging the Repu…

By: Karl Rove – wsj.com – April 9, 2025 This chaos has been bad for everyone. Can the master negotiator now turn it around? Common sense prevailed Wednesday when President Trump announced he’d pause tariffs on most countries for 90 days. It’s good for America and his own political standing that he’s decided to become a dealmaker. He’s certainly got...

Let me say, up front, that I do not know if Trump’s tariffs will accomplish his purposes or not.  Tariffs are common in human history.  Some tariffs, in some places, and at certain times, have had some benefits to a country’s economy.

By: Gerard Baker – wsj.com – April 7, 2025 In the days after Japan surrendered at the end of World War II, he was a young boy living in a small town. As American troops moved to occupy the country, the mood was one of panicked terror. The Japanese had been told by their leaders that the victorious Americans would...

The whole thing was hastily assembled, sloppy, and riddled with errors. Source: Donald Trump’s Tariffs: No Genius Plan | National Review

Trump unveiled the new tariffs in a ceremony at the White House’s Rose Garden on Wednesday for a “Make America Wealthy Again” event.

By: The Editorial Board – wsj.com – April 3, 2025 Blowing up the world trading system has consequences that the President isn’t advertising. All details aren’t clear as we write this, but Mr. Trump’s tariffs look “reciprocal” in name only. First he’s hitting every nation in the world with a 10% “baseline” tariff to sell in the U.S. market. For...