Free Republic

Four Republican senators voted with Democrats on Thursday to approve a bipartisan resolution to repeal President Trump’s global tariffs, including steeper rates on long-time allies such as the European Union, Japan and South Korea. Sen. Rand Paul (Ky.), the GOP sponsor of the resolution, and Sens. Mitch McConnell (R-Ky.), Susan Collins (R-Maine) and Lisa Murkowski (R-Alaska) voted for it. The same proposal failed in the Senate in late April on a 50-49 vote after Vice President Vance cast the tiebreaking vote to defeat it. Critically, McConnell and Democratic Sen. Sheldon Whitehouse (R.I.), who voted Thursday for the resolution, missed the...

President Donald Trump said Wednesday he would likely make the highly unusual move and head to the Supreme Court to watch arguments on the cases related to his tariffs. On November 5, the Supreme Court will hear arguments on whether the president has the authority to impose his tariffs under the International Emergency Economic Powers Act. Talking to reporters in the Oval Office, Trump talked about how important the cases are to him. 'We have a big case coming up in the Supreme Court, and I will tell you, that’s one of the most important cases in the history of...

President Trump unveiled his new “liberation day” tariffs on Wednesday, and they are another large step toward a new old era of trade protectionism. Assuming the policy sticks—and we hope it doesn’t—the effort amounts to an attempt to remake the U.S. economy and the world trading system. 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 those he calls “bad actors,” he’s adding up the country’s tariff rate on U.S. goods, plus...