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1 month ago | ntu.org | Joe Bishop-Henchman |Bryan Riley

Now that President Donald Trump has paused higher tariffs on most countries until July 8, officials have time to recalculate the proposed tariff rates to ensure they do not exceed the stated goal of reciprocity. Although President Trump claimed the tariffs announced April 2 and paused April 9 are reciprocal based on a calculation of trade barriers, the formula used actually only measures trade deficits.

1 month ago | ntu.org | Bryan Riley

United States Trade Representative (USTR) Jamieson Greer is scheduled to testify before the U.S. Senate Committee on Finance and the U.S. House of Representatives Committee on Ways and Means this week. Finance and Ways and Means Members should ask the following question:“Your basis for imposing tariffs is that large and persistent annual U.S. goods trade deficits constitute an unusual and extraordinary threat to the national security and economy of the United States.

1 month ago | ntu.org | Bryan Riley

One of the justifications for reciprocal tariffs is the claim that other countries are ripping us off. If anyone is getting ripped off, it’s definitely not the United States. As trade has expanded, all countries have gained, but none has benefited more than the United States. Measured in nominal dollars, U.S. GDP per capita increased by $55,075 since 1994, a much bigger increase than in any of our major trading partners.

1 month ago | ntu.org | Bryan Riley

The Senate will soon vote on S.J. Res. 37, introduced by Sen. Tim Kaine (D-VA), which would terminate the national emergency declared on February 1 that is the basis for a 10% tariff on energy imports from Canada and a 25% tariff on other goods imported from Canada. While some of those tariffs have since been temporarily paused, the underlying emergency declaration imposing the tariffs remains in effect. The national emergency declaration alleges that the failure of Canada to do more to contro, Author(s): Bryan Riley

1 month ago | ntu.org | Joseph Keller

The Jones Act—officially the Merchant Marine Act of 1920—is one of the most hotly debated laws in U.S. maritime policy. Enacted over a century ago to bolster national security and domestic shipbuilding, it now drives up costs by requiring all goods shipped between U.S. ports to travel on American-built, -owned, and -crewed vessels.