Two identical Banksy murals appear in London
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The Tariff Vindication that Still Isn’t
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Luskin: Tariffs Hurt Growth & Cause Recessions, Supreme Court Ruling Could Change Everything
Donald L. Luskin explains how the Supreme Court reversing tariffs could be a huge gift to the S&P 500 as refunds hit corporate balance sheets. However, he says the market mostly does not expect this to happen. He believes that America needs to grow its way out of its deficit, and we can’t do that with higher taxes. Therefore, he argues that tariffs, a form of tax, are hurting American growth.