This week President Trump reminded us that the state of our union is great again, the economists spilled nerd blood over the definition of a balance of payments problem, and AI came for the technology companies. | Economy

A new NBER working paper claims to show that tariffs reduce trade, output, and manufacturing. But the paper's findings are being oversold. |

The Trump administration’s use of Section 122 of the Trade Act of 1974 to impose temporary tariffs has drawn sharp criticism from a gaggle of anti-Trump economists and self-styled trade experts. | Economy

The Supreme Court invalidated President Trump's sweeping tariff policy, ruling 6-3 that the International Emergency Economic Powers Act did not grant the president the authority to impose tariffs. |

"You're Paying 90% of Trump's Tariffs," the Wall Street Journal editorial board declared last week. It's a startling claim. But the study it's based upon has a faulty methodology. | Economy