What do tariffs, taxes, and regulations really cost? This week, as trade wars roar back into the news cycle, our contributors unveil new threats to liberty.

As President Trump’s trade agenda resumes after a short-lived hiatus, the Independent Institute has joined Americans Advancing Freedom’s amicus brief to argue against the president’s “Liberation Day” tariffs. Phillip W. Magness and Caleb Petitt summarize the brief and where it stands. From there, Craig Eyermann critiques the fiscal consequences of the Big Beautiful Bill. In a pair of articles, Allen Gindler warns of the cultural shift away from the individual and towards institutional convenience and how burdensome regulations are driving capital and innovation abroad. Finally, Scott Beyer highlights the high cost of corporate taxation to society, not just to the businesses themselves.

Happy reading.

Jonathan Hofer
Managing Editor