News
Time For the IMF to Stop Blaming the Victim
10+ hour, 18+ min ago (1056+ words) The IMF standard analysis of imbalances puts too much blame on Europe and way too little on China The IMF's standard analysis of global imbalances puts equal emphasis on the United States (too little saving), Europe (too little investment), and…...
China Can Fight a Trade War, but Its Real Test Is Growth Reform
4+ mon, 3+ week ago (248+ words) The Chinese economy has shown resilience despite external headwinds as the Trump administration ramps up its trade war, but long-term structural challenges remain." This piece is part of a Council on Foreign Relations analysis series assessing the geopolitical effect of…...
Sovereign Funds and American Investment Strategy: How to Responsibly Create a U.S. Strategic Investment Fund
10+ mon, 3+ week ago (423+ words) On February 3, 2025, President Trump issued an executive order, entitled A Plan for Establishing a U.S. Sovereign Wealth Fund, directing the secretary of the treasury and the secretary of commerce to develop a plan for such a fund consistent with the following…...
Trade Agreements: Deal or No Deal
10+ mon, 1+ week ago (1857+ words) What role does the president have when it comes to making trade deals? In this episode, we dig into the expansive powers of the U.S. president when it comes to trade. From unilateral authority to congressional oversight, we unpack who truly…...
Who Pays Trump’s Tariffs?
4+ mon, 2+ week ago (352+ words) President 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…...
Annual U.S. Goods Deficit Hits a Record | Council on Foreign Relations
1+ mon, 3+ day ago (148+ words) The administration is trying to get far too much credit for shifting imports around a bit'The goods coming through Southeast Asia have enormously significant amounts of Chinese content." "CFR expert Brad Setser tells the'New York Times Trump's deadline for Iran....
The U.S. Economy Is Growing, but Faces Much Uncertainty | Council on Foreign Relations
3+ mon, 2+ week ago (205+ words) A quarterly review finds that the U.S. economy's increasingly K-shaped nature is making American consumption patterns uneven and unpredictable. Despite continued growth, this and several other data points suggest a precarious economic situation could soon emerge. Roger W. Ferguson Jr. is the…...
What Americans Really Think About Trade and Tariffs | Council on Foreign Relations
1+ mon, 3+ day ago (1314+ words) Trade is seen as mutually beneficial, but Americans" views on tariffs are largely shaped by partisanship. President Donald Trump has transformed U.S. trade policy. Tariffs are the primary tool of his America First trade agenda, and he has leveraged them to…...
An Alternative Tariff Strategy for the Trump Administration | Council on Foreign Relations
8+ mon, 17+ hour ago (223+ words) As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm. Following a wave of public and market backlash, President Trump temporarily suspended his reciprocal tariff policy until July 9. Two…...
Trade, Tariffs, and Treasuries: The Hidden Cost of Trump’s Protectionism | Council on Foreign Relations
3+ mon, 6+ day ago (855+ words) While the Treasury market is likely to remain stable next year, longer-term trade and fiscal trends'such as'additional'tariffs, questionable foreign demand,'as well as rising deficits'risk pushing yields higher' The U.S. budget deficit, now around 6 percent of gross domestic product (GDP), is…...