Why US "Reciprocal tariffs" are doomed to fail

Why Trump's Reciprocal Trade Negotiations Will Fail

Richard Epstein, Civitas Institute Reciprocal trade agreements are doomed mainly because the division of labor creates huge gains through specialization.

Why US "Reciprocal tariffs" are doomed to fail

Though only in office for a few months, the new US administration has repeatedly pushed the boundaries of what the world expects as the minimum standards for US policy.

Could the Major Questions Doctrine Limit Reciprocal Tariffs?

Only a month before the U.S. Supreme Court handed down its June 2022 decision in West Virginia v. Environmental Protection Agency, I had written an article warning that the “major questions doctrine”—at that point a doctrine only identified in two “shadow docket cases,” which are cases on the Court’s emergency docket, decided without full briefing or oral argument—would undermine the ability of agencies to deal with changing circumstances. That …