President Trump likes big round numbers, and he’s endorsed one — $1 trillion — for the U.S. defense budget. This is the right idea, and we’ll need even more soon enough. It is the president’s wont to declare national emergencies, whether a given situation warrants it or not, but ...

Republicans claim they are slashing government, but they’re about to explode the budget deficit to extend President Donald Trump’s tax cuts — which would balloon interest payments on the national debt, already one of the largest expenses in the federal budget. That’s no way to slash the ...

“A nuclear Iran isn’t just a threat, it’s the threat,” Mark Dubowitz of The Foundation for Defense of Democracies warned in the new podcast, “The Iran Breakdown.” Ahead of arms talks Saturday in Oman, Iranian President Masoud Pezeshkian claimed Wednesday that his country is “not ...

We don’t grow much coffee within the United States. Only Hawaii and Puerto Rico are really capable of it and even if we started up tomorrow, American consumers demand so much that we would still need to import it. Tariffs will cause the price of coffee to go up. Profit margins are so low in ...

On Wednesday, President Donald Trump abruptly announced a 90-day pause on most of his planned country-specific “reciprocal” tariffs — with the notable exception of the People’s Republic of China. In so strikingly singling out China as the focus of America’s economic and geopolitical ...

It has been hard recently, of tariffs applied worldwide on April 2 to tariffs suspended except for China on April 9, to avoid reflecting on how much trouble could have been avoided if economists, instead of talking about countries’ trade surpluses and trade deficits, had devised different ...