Last month Senator Mike Lee (R-UT) introduced a bill, the Open America’s Water Act of 2019, to “repeal the Jones Act and allow all qualified vessels to engage in domestic trade between U.S. ports.” The Jones Act is a 99-year-old protectionist bill that mandates that only US-owned, built, flagged, and manned ships can carry cargo […]
WTO ruling threatens Section 232 steel & aluminum tariffs
Founders Broadsheet trade correspondent L.C. writes: In a decision with major implications for the Trump administration’s Section 232 national security tariffs on aluminum and steel, a World Trade Organization (WTO) dispute settlement panel ruled for Russia against the Ukraine on April 5th. The case was brought against Russia for restricting the transit through Russia of […]
Housing crisis hits homeless and middle class
Recently, the US housing crisis has begun to be noticed by journalists if not yet by politicians. The most tragic expression of the crisis is the nation’s growing homeless population, but its effects are being felt all the way up the economic ladder to the top rungs of the middle class. Houses are more expensive […]
Administration wins steel tariff case; Court review likely
Trade correspondent L.C. reports: President Trump’s 25% tariff on steel has now become a constitutional issue likely to end up at the Supreme Court. On March 25th the US Court of International Trade (CIT) in New York ruled against a steel users’ group, the American Institute for International Steel (AIIS), which argues that Section 232 […]
Maintain momentum but no unforced errors, please!
Democrats and their hyper-accusatory media discredited themselves in a two-year-plus effort to brand President Trump and his campaign as having colluded with Russia to win the presidency. Indeed, leading figures in the Obama administration may have broken the law in pursuing this effort– an issue that Senate Judiciary Committee chairman Lindsey Graham (R-SC) wishes to […]
