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Congress Must Shield US Companies from European Regulations
Congress should exercise its constitutional powers over foreign commerce to guard American companies against overregulation by the European Union.
The Trump administration’s tariffs and the ensuing debates have diverted attention from the fact that regulating international trade is the role of Congress. After all, tariffs are taxes, and it’s a bedrock principle of U.S. law that taxation requires legislation.
The Framers made this point clear when they granted Congress the power to impose “imposts” and “duties” — meaning tariffs — to regulate external commerce.
Fortunately, Congress is starting to exercise its constitutional powers over foreign commerce again. On March 12, Sen. Bill Hagerty (R-Tenn.) — a former U.S. ambassador to Japan — introduced a bill to shield U.S. companies from the European Union’s Corporate Sustainability Due Diligence Directive, a regulation dating back to July 2024 that forces U.S. companies to audit their entire supply chains and disclose wide-ranging environmental, social, and governance or ESG metrics that exceed the requirements of U.S. law.
Economic Dynamism
Partisan Trust in the Federal Reserve
This paper examines partisanship in public perceptions of the Federal Reserve.
The American Dream Is Not a Coin Flip, and Wages Have Not Stagnated
This paper challenges the prevailing narrative that stagnant wages are causing the American dream to fade. It contrasts subjective public opinion with revised objective intergenerational mobility measures.
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A Bad Business on the Bayou
Chevron finds itself the victim of a political alliance between the tort bar and Louisiana Republicans.
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ESG Would Rain on Spring Break
Americans have access to abundant, reliable energy, unlike Europeans under strict climate mandates.
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Why Reciprocal Trade Negotiations Will Fail
Reciprocal trade agreements are doomed mainly because the division of labor creates huge gains through specialization.
What Is MAGA Antitrust?
The novel element in this new antitrust concoction is its ultimate subservience to the President.
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