Stephen Miran wrote an op-ed in the WSJ arguing that optimal tariffs should be in the region of 10% to 40%. In a blog post Julia Qin commented on this topic. Stephen is skeptical about the existence of an optimal tariff. Miran argues that recent Trump administration tariffs prove that retaliation by trading partners will be much less than expected.
The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal. The US has paid out $81bn (£61bn) in tariff refunds so far this fiscal year, which started in October 2025, compared with $5bn during the same period last year. Trump had pitched the tariffs as a catch-all fix for the economy, bringing factories back to the US and getting better trade deals.
This Week in Canada is a weekly look at events in Canada and the United States. This week, we look at a freight train coming from San Diego to Los Angeles and the expansion of Toyota's manufacturing facility in San Antonio, Texas. We also talk about the death penalty and Air Canada.
Donald Trump said in his July 4 speech that the U.S. will never let its country fall. Donald Trump is dismantling the economic underpinnings that would ensure future American might. Britain's decline took only a few decades and the Soviet Union's unraveled as a result of its inability to grow.
Inflation is forecast to have dropped 0.2% in June. Compared with a year ago, prices probably rose 3.9%, down from 4.2%. Inflation is still higher than before the Iran war, when it was just 2.4%. The situation in the Middle East continues to change hour to hour.
A federal judge ruled that Trump filed his $10 billion lawsuit against the IRS in bad faith to “manipulate the judicial process” An ICE officer shot and killed a man during an immigration enforcement operation in Maine. The U.S. resumed strikes on Iran and reinstated its blockade of Iranian ports. South Carolina governor appointed Darline Graham Nordone to serve the remainder of Lindsey Graham's Senate term.
Stephen Miran wrote an op-ed in the WSJ arguing that optimal tariffs should be in the region of 10% to 40%. In a blog post Julia Qin commented on this topic. Stephen is skeptical about the existence of an optimal tariff. Miran argues that recent Trump administration tariffs prove that retaliation by trading partners will be much less than expected.
The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal. The US has paid out $81bn (£61bn) in tariff refunds so far this fiscal year, which started in October 2025, compared with $5bn during the same period last year. Trump had pitched the tariffs as a catch-all fix for the economy, bringing factories back to the US and getting better trade deals.
This Week in Canada is a weekly look at events in Canada and the United States. This week, we look at a freight train coming from San Diego to Los Angeles and the expansion of Toyota's manufacturing facility in San Antonio, Texas. We also talk about the death penalty and Air Canada.
Donald Trump said in his July 4 speech that the U.S. will never let its country fall. Donald Trump is dismantling the economic underpinnings that would ensure future American might. Britain's decline took only a few decades and the Soviet Union's unraveled as a result of its inability to grow.
Inflation is forecast to have dropped 0.2% in June. Compared with a year ago, prices probably rose 3.9%, down from 4.2%. Inflation is still higher than before the Iran war, when it was just 2.4%. The situation in the Middle East continues to change hour to hour.
A federal judge ruled that Trump filed his $10 billion lawsuit against the IRS in bad faith to “manipulate the judicial process” An ICE officer shot and killed a man during an immigration enforcement operation in Maine. The U.S. resumed strikes on Iran and reinstated its blockade of Iranian ports. South Carolina governor appointed Darline Graham Nordone to serve the remainder of Lindsey Graham's Senate term.