IMPORTANT TARIFF UPDATE A federal appeals court has ruled that President Donald Trump exceeded his authority when imposing specific tariffs earlier this year. The decision struck down the so-called “Liberation Day” duties but left them in effect until at least mid-October while the case moves to the Supreme Court. At issue are tariffs announced on April 2 that applied a baseline 10 percent duty on most imports and additional rates as high as 50 percent on goods from countries with trade...

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On July 23, the White House published “Winning the AI Race: America’s AI Action Plan,” a 28-page comprehensive federal strategy aimed at securing global leadership in artificial intelligence (AI). Developed in response to President Trump’s January 2025 executive order, “Removing Barriers to American Leadership in Artificial Intelligence,” the plan recommends policy actions across three pillars: accelerating AI innovation, building robust AI infrastructure, and leading in international AI diplomacy and security. The agenda emphasizes deregulation, open-source AI, workforce development, infrastructure modernization, and...

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My lead item for this month’s newsletter comes from Australia. It is an article written by two leading academics - Peter Siminski, Professor of Economics at the University of Technology Sydney and Roger Wilkins, Professorial Fellow and Co-Director at the HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. They have “bravely” ventured to suggest that the Australian family home should be taxed. Their article is titled “The government has asked for bold proposals....

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