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Trade

President Trump plans to impose fresh tariffs on all aluminum and steel imports, seeking to curb China’s growing trade dominance. These six charts show the tariffs’ potential economic effects.

RealEcon

The president’s plan for reciprocal tariffs sounds good in theory. But there was a reason the United States abandoned the approach a century ago. The gains would be few and the costs enormous.

RealEcon

Section 232 tariffs can backfire without exemptions, harming rather than helping national security.
Trade

What to Know About Trump’s Aluminum and Steel Tariffs

Foreign Policy

Foreign Policy

A dispatch from the Munich Security Conference, where dark clouds hovered over the discussions on Europe’s security and recent events in Germany. The war in Ukraine dominated, with uncertainty about the U.S. role and Trump’s approach. Topics like climate change and AI also took center stage.

Ukraine

The Trump administration is signaling that European allies need to take the lead in securing Ukraine. How they respond has a crucial bearing on Ukraine’s fate and the future of the transatlantic partnership.

Ukraine

As the third anniversary of Russia’s invasion of Ukraine looms, President Donald Trump and his administration are working toward bringing the war to a swift end. Five experts lay out recommendations for the Trump administration to ensure Ukraine’s survival and independence in alignment with core U.S. interests.
U.S.-India Relations

China Strategy Initiative

India has enjoyed bipartisan support in the U.S. as a critical economic counterbalance to China, but the United States still has a tenuous grasp on its interests. In this series, three experts examine India’s position on digital trade, the World Trade Organization (WTO), and industrial policy.

RealEcon

This time around, Modi and Trump should seize the opportunity to strike a substantial bilateral agreement.

India

India’s influence at the World Trade Organization has grown following a notable decline of U.S. power within the organization, but its opportunism and obstructionism could weaken its potential to benefit fully from the international trading system.
Space

Space

As outer space becomes more congested with debris and international tensions escalate, the threat to U.S. national security grows. The United States must act now to reassert its leadership and create pathways for management in this critical strategic domain.

United States

In its new report, Securing Space: A Plan for U.S. Action, the CFR Task Force on Space Management Policy analyzes the challenges in low Earth orbit, where the acceleration in human space activity is most evident, and proposes recommendations for a U.S.-led international strategy to govern this increasingly congested and contested space. If you wish to attend virtually, log-in information and instructions on how to participate during the question and answer portion will be provided the evening before the event to those who register. Please note the audio, video, and transcript of this hybrid event will be posted on the CFR website. Members may bring a guest to this event.  

Space

The United States needs to restore its focus on space as a national security priority as conditions have changed and threats have multiplied.
Japan

Japan

On Friday, Prime Minister Ishiba Shigeru and President Donald Trump sat down for the first time to discuss the U.S.-Japan alliance.

Japan

Japan

Sheila Smith, the John E. Merow senior fellow for Asia-Pacific studies at CFR, sits down with James M. Lindsay to discuss how Trump’s victory is being viewed in Japan and what his presidency will mean for U.S.-Japanese relations and the security situation in northeast Asia. This episode is the sixth in a special TPI series on the U.S. 2025 presidential transition and is supported by the Carnegie Corporation of New York.

Events

United States

In its new report, Securing Space: A Plan for U.S. Action, the CFR Task Force on Space Management Policy analyzes the challenges in low Earth orbit, where the acceleration in human space activity is most evident, and proposes recommendations for a U.S.-led international strategy to govern this increasingly congested and contested space. If you wish to attend virtually, log-in information and instructions on how to participate during the question and answer portion will be provided the evening before the event to those who register. Please note the audio, video, and transcript of this hybrid event will be posted on the CFR website. Members may bring a guest to this event.  

Europe

Panelists discuss transatlantic ties under a second Trump administration, NATO burden-sharing, and the future of European strategic autonomy.  This meeting is part of CFR’s Transition 2025 series, which examines the major foreign policy issues confronting the Trump administration.

Trade

CFR experts provide insights and context around President Donald Trump's announced tariffs and what they mean for North American trade, U.S. alliances, and global competition.

Artificial Intelligence (AI)

Tech leader Reid Hoffman shares his insider’s perspective on an AI-powered future and its transformative potential to improve lives and create positive change.  The Malcolm and Carolyn Wiener Annual Lecture on Science and Technology addresses issues at the intersection of science, technology, and foreign policy. It has been endowed in perpetuity through a gift from CFR members Malcolm and Carolyn Wiener.  

Explainers

Expert Spotlight

Thomas J. Bollyky
Thomas J. Bollyky

Bloomberg Chair in Global Health; Senior Fellow for International Economics, Law, and Development; and Director of the Global Health Program

Health Trade Development

Bollyky: The Role of Importation in Remediating U.S. Generic Drug Shortages

Esther Brimmer
Esther Brimmer

James H. Binger Senior Fellow in Global Governance

Global Governance International Organizations Space

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