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Is ‘Eating the Tariffs’ Good for Business?
After observing Trump’s hostility to Walmart and Amazon, Home Depot took a different approach.
When President Trump told Walmart to “EAT THE TARIFFS,” he implied that to not do so was a profit-mongering conspiracy against the American people. He noted Walmart’s extensive trade relationships with China and its large profit margin. But Walmart maintained that tariffs made price rises unavoidable.
And when Amazon flirted with noting on some of its products the precise amount of cost increases attributable to tariffs, Trump called Jeff Bezos to complain and Amazon backed away from its plan.
After observing Trump’s hostility to Walmart and Amazon, Home Depot took a different approach and asked: what trade war? Unlike numerous major American corporations, Home Depot has not rescinded its 2025 guidance for investors because of the uncertainty from tariffs. In fact, it recently reported increased revenue that beat expectations.
Politics
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Liberal Democracy Reexamined: Leo Strauss on Alexis de Tocqueville
This article explores Leo Strauss’s thoughts on Alexis de Tocqueville in his 1954 “Natural Right” course transcript.
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Long Distance Migration as a Two-Step Sorting Process: The Resettlement of Californians in Texas
Here we press the question of whether the well-documented stream of migrants relocating from California to Texas has been sufficient to alter the political complexion of the destination state.
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Who's That Knocking? A Study of the Strategic Choices Facing Large-Scale Grassroots Canvassing Efforts
Although there is a consensus that personalized forms of campaign outreach are more likely to be effective at either mobilizing or even persuading voters, there remains uncertainty about how campaigns should implement get-out-the-vote (GOTV) programs, especially at a truly expansive scale.
Decadent Ideology, Decaying Fraternity
Richard Reinsch reviews Prosperity and Torment in France by Chantal Delsol.
DC and LA Failures Play Into Trump’s Hands
Although clearly violating America’s long-standing federalist principles, Trump’s incursions are being justified by the incompetence of most blue-city leaders.
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Remembering Ed Banfield's “The Unheavenly City"
Banfield’s most valuable work describes phenomena we have all recently noticed: the easy transition from student to activist to revolutionary to criminal.
Will State Attorneys General Allow Their Cities to Make Energy Policy?
The effort to apply state law to redress climate injuries has been spearheaded not by state officials eager to protect their home turf, but by international non-profits, NGOs, and out-of-state private law firms frequently representing local governments.
