Morning Update: Instalment plans for tiny purchases

Almost all large seizures of illicit fentanyl in the United States occur along the southern border with Mexico, according to a new report that casts more doubt on the White House’s claim that the drug is “pouring” into the U.S. from Canada.U.S. President Donald Trump has cited the fentanyl crisis as a legal rationale to invoke emergency economic powers and impose tariffs on imports from Canada. But a Manhattan Institute report by Jonathan Caulkins and Bishu Giri of Carnegie Mellon University concludes that such levies, regardless of merits or drawbacks, cannot be justified as part of a...