World Trade Organization (WTO)
With President Trump skeptical of the WTO’s usefulness and Doha negotiations stalled, the future of global trade rules is in doubt.
Economics
Trade
Featured
With President Trump taking aim at existing trade agreements, countries are increasingly grappling with dispute resolution mechanisms and their implications for global trading rules.
The new tariffs are a high-stake gamble that economic shock and awe can succeed where negotiations have failed.
The CFR Global Imbalances Tracker can be used to gauge, through time, the vulnerability of individual countries and the global economy to the buildup of imbalances in the current account.
CFR's Edward Alden joins James M. Lindsay to discuss U.S. trade policy and the Trump administration's decision to impose tariffs on China.
Trans-Pacific Partnership (TPP)
Though President Trump withdrew from the TPP, the remaining members of the trade pact have forged ahead with a new version, leaving the U.S. role in the Asia-Pacific in question.
President Trump argues that tariffs are necessary to protect U.S. national security, but many experts argue that the measures could backfire.
President Trump has reached a deal with Canada and Mexico to restructure the North American Free Trade Agreement, hoping a new trilateral accord will reinvigorate the U.S. manufacturing sector.
President Donald Trump’s rejection of the Trans-Pacific Partnership (TPP) has upended U.S. trade policy, intensifying debate over the effects of trade on employment, inequality, national sovereignty, and safety standards.
President Trump has made reducing the U.S. trade deficit a priority, blaming trade deals like NAFTA, but economists disagree over how policymakers should respond.
-
The Instability of Global Supply Chains in a Pandemic, With Shannon K. O’NeilShannon K. O’Neil, CFR vice president, deputy director of studies, and Nelson and David Rockefeller senior fellow for Latin America Studies, sits down with James M. Lindsay to discuss what the coronavirus pandemic means for international supply chains and trade. Read O’Neil’s article, “How to Pandemic-Proof Globalization: Redundancy, Not Reshoring, Is the Key to Supply Chain Security,” on ForeignAffairs.com.
-
How to Pandemic-Proof GlobalizationRedundancy, Not Reshoring, Is the Key to Supply Chain Security
-
Long-Term Impacts of Coronavirus in South KoreaDespite South Korea’s high capacity for response, COVID-19's spread may incite human, economic, and political disasters
Experts in this Topic
Senior Fellow for Global Health, Economics, and Development and Director of the Global Health Program
Vice President, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies
-
The Commonwealth of Nations: Brexit and the Future of ‘Global Britain’With the United Kingdom moving forward with Brexit, London hopes its Commonwealth partners can help boost trade, but critics say the group is outmoded and ineffective.
-
Is China Being Fair on Trade?“Made in China.” You’ve probably seen this label on your clothes, toys, and other everyday products. China’s reach has skyrocketed in recent decades, disrupting the global trading system as we know it.
-
The USMCA: A New Paradigm For Trade Agreements?Speakers discuss the recently enacted United States-Mexico-Canada trade agreement, including what is in the agreement that allowed it to pass with historically large bipartisan support and what it means for the U.S. economy and future trade agreements.
-
The U.S. Shock to Global Demand in Q4 (Before the Coronavirus)The large fall in U.S. imports in Q4 slowed global growth, as weak U.S. demand hurt the rest of the world more than it hurt the United States.
-
Stabilizing the U.S.-Korea Trade Agenda Under Trump and MoonUncertainty in the U.S.-South Korea economic partnership could hinder security cooperation if left unchecked. The two countries should explore collaboration in AI technologies, policy coordination in the Indo-Pacific, and economic cooperation with North Korea.
-
The Coronavirus, Oil, and Global Supply ChainsAs nations prepare for a possible health emergency, world leaders are realizing that the new coronavirus is going to be harder to contain than previously hoped. Mobilization is continuing, and concer…
-
Podcast: Fred Hochberg on the U.S.-China Trade Deal and U.S. Trade PolicyThe phase one trade deal signed by the United States and China was heralded by many as an important first step in reducing trade tensions between the two countries. Yet, the benefits of trade have come under increased scrutiny by policymakers across the political spectrum in the United States. What are some common misunderstandings surrounding trade deals? What should the United States’ trade policy with China be? How might the upcoming presidential election affect U.S. trade policy? Tune in as C. V. Starr Senior Fellow and Director for Asia Studies Elizabeth Economy discusses these questions with Fred Hochberg, former chairman and president of the Export-Import Bank of the United States and author of Trade is Not a Four Letter Word.
-
NAFTA and the USMCA: Weighing the Impact of North American TradePresident Trump has reached a deal with Canada and Mexico to restructure the North American Free Trade Agreement, hoping a new trilateral accord will reinvigorate the U.S. manufacturing sector.
-
What Would a U.S.-Kenya Trade Deal Mean?The Trump administration hopes that a free trade agreement with Nairobi will be a counterweight to Beijing’s growing role across Africa and a model for bilateral deals with others on the continent.
-
The Future of U.S. TradeSpeakers discuss U.S. trade, including the recent USMCA deal, trade disputes with China, and possible trade conflicts with Europe.
-
Tracking Trade Tensions With IndiaPresident Donald J. Trump heads to India at the end of the month— this week the White House formally announced the trip for February 24 and 25, with Ahmedabad, Gujarat, and New Delhi the main stops. …
-
A Field Guide to U.S.-India Trade TensionsIndia has become an important trading partner for the United States over the past two decades, but the relationship has been marred by long-standing disagreements on everything from dairy products to intellectual property rights protections.