Facts Matter in the Supreme Court Case on IEEPA Tariffs

The justices would do the nation an injustice if they did not consider that the goods trade deficit and most of its alleged harms are rooted in domestic policy, not trade, writes former U.S. Treasury official and advisor to the CFR RealEcon Initiative James Wallar. Read the piece

U.S. Trade Policy Sends Geopolitical Ripples Through Pacific Rim

Five CFR fellows explain how growing concern with U.S. trade policy among certain Asia-Pacific Economic Cooperation (APEC) members—Chile, China, Peru, Taiwan, and Thailand—will affect U.S. economic and security relationships in the region. Check out the series 

Celebrating the Arsonist

CFR President Michael Froman lays out the takeaways from this week’s meeting between U.S. President Donald Trump and Chinese President Xi Jinping on the sidelines of the APEC summit in South Korea. Read his take

Trump and Xi Turn Back the Clock—While China Flexes Its Muscles

Although the much-anticipated Trump-Xi meeting produced modest results, it also revealed China’s growing strengths and could set the stage for a more substantive Trump visit to Beijing next year, writes CFR Fellow David Sacks. Check out the post

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U.S. Tariff and Trade Policy: Takeaways From Trump’s Trip to Asia

CFR Fellows Zongyuan Zoe Liu and Sacks sat down with Matthew P. Goodman, director of the RealEcon Initiative, to share insights from Trump’s recent visit to Asia. Watch the meeting

Upcoming Rollout: Task Force on Economic Security

Join CFR’s Task Force on Economic Security for the live-streamed rollout of its important new report, U.S. Economic Security: Winning the Race for Tomorrow’s Technologies, tomorrow, November 13 at 12:30 p.m. EST. 

The Task Force—chaired by former Secretary of Commerce Gina M. Raimondo; former Deputy Secretary of the Treasury Justin G. Muzinich; and Chairman, President, and CEO of Lockheed Martin James D. Taiclet, with Jonathan E. Hillman, CFR senior fellow for geoeconomics, as project director—examines how the United States can strengthen its economic security amid rising geopolitical and technological competition. 

The full report will be available the same day at cfr.org.

Who Pays Trump’s Tariffs?

Trump routinely claims that foreigners pay his tariffs, which is false—U.S. importers pay them. Over time, however, foreign exporters can be expected to bear a small but rising burden of the tariffs through price cuts, while most of the cost will be borne by U.S. consumers in the form of higher prices, writes CFR Fellow Benn Steil. Read the brief 

Trade Tools for Climate Action

The novel Agreement on Climate Change, Trade, and Sustainability balances ambitious environmental targets with domestic economic considerations, offering a blueprint for countries looking to make their economies greener, write CFR Fellow Inu Manak, Research Associate Helena Kopans-Johnson, and former CFR intern Tony Wu. Read the article  

Tariffs Sour Public Opinion on the U.S. in Chile and Peru

Neither country is likely to become a U.S. priority soon, although closer partnerships with both could help the United States address some of its concerns over critical mineral supply chains, explains CFR Fellow Will Freeman. See the brief

Trump’s Trade Policy Feeds Taiwan’s Growing U.S. Skepticism

Beneath the surface of Taiwan’s pledges to increase U.S. trade ties lies an apprehension about the United States’ ultimate objectives, and what a potential rebalancing of global supply chains would mean for the island’s security, writes Sacks. Read the piece