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The Latest Breaking News from Scott Lincicome

With broad bipartisan support, Congress is about to give Trump 'unchecked authority' to impose new tariffs of up to 100% on top trading partners

"We should not have to choose between putting a check on Putin's aggression and putting a check on this president's tariffs regime."

Fortune

Trump tariff wall set to stay after Supreme Court blow: Analysts

President Donald Trump has implemented new tariffs on sixty trading partners. These duties were imposed using previously utilized legal authorities. Additional tariffs target Canadian goods under an untested justification. Analysts suggest these actions could prove more durable to legal challenges. This move generates significant trade uncertainty for global economies.

The Economic Times

Trump’s latest import taxes could set a precedent for a 'broad tariff generator' on anything a president wants to target, expert warns

"This is precisely the open-ended tariff power grab the courts checked with their IEEPA rulings, just with a little more procedural window-dressing."

Fortune

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Trump's Newest Tariffs Are Likely Illegal Too

The Section 301 tariffs announced on Thursday overstep the powers granted by Congress and likely run afoul of the major questions doctrine.

Reason

Trump imposes 50% tariffs on Canadian goods citing disputes over autos

President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products.

Euronews

Trump imposes 50% tariffs on Canadian goods from alcohol to hockey sticks over ‘continued discrimination’

Rift between the two countries grows after Trump confronted Mark Carney at Sunday’s FIFA World Cup Final over wildfire smoke drifting south into U.S. cities

The Independent UK

Trump's Push to End Clock Changes Gains Momentum as House Backs Permanent Daylight Saving Time

The US House has passed the Sunshine Protection Act to make daylight saving time permanent, sparking debate over its benefits and drawbacks. The Senate must approve the bill for it to become law.

International Business Times UK

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Tariff Refund Update [Updated]

Important progress has been made on repaying illegally collected tariffs. But serious problems remain, including some caused by the Trump Administration's efforts to keep some of the illegally collected loot.

Reason

Trump's Approval Rating Is Cratering. Tariffs Are a Big Reason Why.

They cost each American household roughly $1,000 in 2025, with more coming in 2026.

Reason

Court Orders Trump to Refund Companies Over Illegal Tariffs, Owes Up to $175 Billion and $700M Monthly in Interest

Court mandates Trump-era tariff refunds, citing $700 million monthly interest, potentially raising federal debt to $175 billion plus

International Business Times UK

After Paying Illegal Tariffs, Will Small Businesses Get a Refund? 'I'm Not Holding My Breath.'

Even if the refunds are made, business owners say they won't cover all the additional costs created by Trump's chaotic trade policies.

Reason

Trump’s $175 billion illegal tariff revenue is now accruing interest, and refund delays could be costing American taxpayers $700 million a month

“Consumers will be the biggest losers here,” a Cato Institute economist told Fortune.

Fortune

Trump's Economic Adviser Says Tariff Refunds Would Be 'Very Complicated' and Unlikely

Oh, so now the Trump administration is worried about the complexity of its tariff polices?

Reason

3 Reasons Why Zohran Mamdani's City-Run Grocery Stores Will Fail

Zohran Mamdani’s plan to open government-run grocery stores would waste taxpayer money solving a problem NYC doesn’t have.

Reason

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Reason

Coming Soon to the Supreme Court: Are Tariffs Taxes?

The correct answer is: Yes, even when they are also regulations. Whether the Court agrees could determine the future of presidential power.

Reason

The White House Thinks Taking Partial Ownership of a Canadian Mining Company Will Reduce the National Debt

Trump's deal with a lithium mine in Nevada follows similar "creative deals" with Intel and U.S. Steel.

Reason

Trump Says He 'Paid Zero' for the Government's $11 Billion Stake in Intel. Here's the Downside.

This is corporate socialism in a MAGA hat.

Reason

Scott Lincicome: How Much Will You Pay To 'Buy American'?

What is the relationship between Trump's tariffs and the rest of the economy?

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Reason

Tariffs on Chinese Goods Drop to 55%, but That's Cold Comfort for Consumers

Triple-digit bilateral tariffs have been brought down to double digits. Negotiations on semiconductors and rare earth elements will continue.

Reason

Trump Is Wrong. Cheap Goods Are Awesome.

The right number of dolls? As many as your kid wants.

The Independent UK

Trump's tariffs threaten to end quarter-century era of cheap goods for U.S. consumers

President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months

International Business Times

Trump Backs Off Mexico, Canada Tariffs After Market Blowback

Trump signed orders Thursday to hit pause on the fresh tariffs for Canadian and Mexican imports covered by a North American trade agreement, though he dismissed suggestions that his decisions were linked to market turmoil.

The Independent UK

The goods hit first by Trump’s tariffs on Mexico, Canada and China

Imports from Canada and Mexico will be taxed at 25 percent while levies on Chinese products will increase to 20 percent

International Business Times

What Are Reciprocal Tariffs And Who Might Be Affected?

US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this "the only fair way" to trade.

The Independent UK

Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China

President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday

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