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Now let’s do some math. According to the interweb, Wal-Mart imports $49 billion of product a year just from China. At a 30% tariff rate that’s nearly $15 billion of “eating.” Wal-Mart’s net profit last year was $15.5 billion. And that’s just one country’s worth.

A few points with regard to Secretary Rubio's testimony about US foreign assistance on the Hill the last couple of days... a thread.

Few things are more heartbreaking than the death of a young child. For most of humanity’s past, these tragedies occurred all too frequently — half of all children died. This was true no matter where in the world a child was born, even in the richest countries. But we’ve made

There's a solution any time Congress is ready - in fact Rep. Linda Sánchez et al already introduced: democrats-waysandmeans.house.gov/media-center/p…

I hate to be the one to break it to you, but Apple isn't going to be paying any 25% tariff on iPhones. This is who will ultimately pay....well, her parents in any case. 1/2

.PPI on this a.m.'s threat of 50% tariffs on EU goods/25% on iPhones: destructive for economics & security; contrary to the Constitution. Per Rep. Linda Sánchez Ron Wyden Rand Paul, time for Congress to retake its authority & restore legitimate policymaking progressivepolicy.org/ppi-trumps-tar…

Nice example of why US tariffs actually undermine US manufacturing & exports: Per BEA, US exports in 2020 contained $46.1 billion worth of imported intermediate inputs from Europe - the most of any US trading partner:

This week’s Trade Fact, on Denmark, Greenland, and the Trump admin’s strange and disturbing‘acquisition’ campaign: progressivepolicy.org/denmark-is-a-f…

This move puts the lives of Americans at risk The attack on mRNA vaccines is beyond absurd It was President Trump's Operation Warp Speed that gave us mRNA vaccines These vaccines have been administered nearly 2 billion times to hundreds of millions of people around the world

The Trump administration argued that US federal courts must accept presidential claims of "emergency" at face value, no matter how manifestly nonsensical and in bad faith those claims in fact are. The US Court of International Trade said, in effect, "not so fast."

"You can just do things" until the courts rule those things illegal.

Congress has power over “Taxes, Duties, Imposts and Excises”. archives.gov/founding-docs/…

This week's ruling on Trump’s tariffs is the most consequential potential setback for his trade agenda. CFR President Michael Froman asked experts Edward Alden, Rebecca Patterson, Benn Steil, Brad Setser, Jon Hillman, Matthew P. Goodman, & Inu Manak to weigh in. cfr.org/article/all-ri…

Wasn’t there some sort of plan to make container ships and oil tankers here?