Tariffs Top $100 Billion as Trump’s Trade War Heats Up

Published on July 22, 2025

U.S. customs duties topped $100 billion for the first time ever in a single year this month. That number is even more remarkable when you consider that most of President Donald Trump’s new tariffs haven’t even taken full effect yet.

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Fed Independence is a Myth

July 22, 2025
Every year the Per Jacobsson Foundation hosts and publishes a lecture on Monetary Policy. Back in 1979, Arthur Burns delivered the annual lecture in Belgrade, Yugoslavia (link). He titled the lecture “The Anguish of Central Banking” and he came clean about the Federal Reserve’s inflationary policies in the 1970s.

The Economy’s Case for Lower Rates

July 22, 2025
Chief Economist Eugenio J. Alemán discusses current economic conditions.