You’ve been told that tariffs
are paid by other countries.
TRADE · TAXES · COST OF LIVING
February 22, 2026
Tariffs on imports are taxes paid by
American companies at the border,
costs that are typically passed.
They aren’t.
A tariff is a tax on goods coming
into the United States. The bill
goes to the American company
importing it. That company pays U.S.
Customs. The money goes to the U.S.
Treasury. On a $1,000 laptop, that’s
$150 at the border. On toys,
clothes, appliances, phones — the…
The $1.241 Trillion
Experiment
TRADE · MACROECONOMICS · BUSINESS
February 21, 2026
In 2025, U.S. tariffs imposed under
the International Emergency Economic
Powers Act aimed to reduce the
trade.
We Paid the Tariffs. The Deficit
Stayed–and the Court Hit Back
The warehouse manager in Elizabeth,
New Jersey, still keeps the…
The Favor System
POLITICAL POWER · WHITE HOUSE · PUBLIC FINANCE
February 17, 2026
At Mar-a-Lago, the mingling of
political donors and executives
illustrates how executive discretion…
Who Keeps the Lights On?
LABOR · IMMIGRATION · HOSPITALS
February 16, 2026
The United States relies heavily on
immigrant labor across critical
sectors including healthcare…
The Vote That Wouldn’t Close
CONGRESS · WHITE HOUSE · LAW AND COURTS
February 14, 2026
A procedural House vote intended to
block challenges to Trump-era
emergency tariffs failed after three…
The Distance a Day Can
Collapse
WAR AND SECURITY · TRADE · COST OF LIVING
February 13, 2026
Cuba faces escalating fuel shortages
amid U.S. sanctions targeting oil
imports, leading to widespread
rationing, transportation
disruptions.
When a missed bus becomes the first
sign that a country is running out
of power…
Devaluation
MACROECONOMICS · INFLATION · TRADE
February 2, 2026
The U.S. dollar has declined by 10
to 12 percent against major
currencies over the past year.
Carney at Davos
POLITICAL POWER · WAR AND SECURITY · TRADE
January 27, 2026
The speech that quietly changed the
conversation
At Davos last week, Canada’s prime…
The Bully Who Didn’t Know
He’d Lost
WHITE HOUSE · POLITICAL POWER · TRADE
January 22, 2026
At the Davos conference, Donald
Trump disrupted the usual diplomatic
decorum with exaggerated claims…

