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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
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.
Political Economy and the Rise of Commercial Humanism
Western attitudes toward commerce have transformed from early moral condemnation to a modern appreciation that sees trade as socially beneficial.
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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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Trump Undermines His Growth Agenda for AI
An innovative ecosystem relies on market-driven capital formation, fast scaling, and wide and ready access to inputs—all of which are undermined by the policies many Republicans now embrace.
There Is No Substitute for Free Trade and Deregulated Markets
The world economy will teeter so long as the U.S. wields its tariff stick.
