Reimagining American Economic Leadership
India, the United States and the Future of the International Trade Order
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.

Trade Offs
Section 232 tariffs can backfire without exemptions, harming rather than helping national security.
Featured Analysis From RealEcon
Exploring three key areas of international economic policy: trade and investment, development, and economic security, i.e., technology controls, supply-chain-resilience measures, and other policies to reduce risk to the economy or national security
Trade and Investment

The Growth Hit From Trump’s Tariffs
Post by Benn Steil and Elisabeth Harding

Media Briefing: Bracing for a Trade War
Event with Zongyuan Zoe Liu, Inu Manak, Benn Steil, and Heidi Crebo-Rediker

Trump and the Future of the USMCA
Expert Brief by Shannon K. O'Neil and Julia Huesa
Development
Economic Security
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Declaring a national emergency to exact concessions is a ploy to seize authority.
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Lessons From the Blocking of Nippon Steel’s Acquisition of U.S. Steel
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Section 232 tariffs can backfire without exemptions, harming rather than helping national security.
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The Trump administration can achieve more reciprocal trade relations through tariff negotiations, argues John K. Veroneau, but it should first untangle tariff threats from unrelated matters.
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Tariffs on Mexican imports could further elevate the comparative advantage of Chinese EV makers at the cost of U.S. automakers.
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The majority of avocados consumed in the United States come from Mexico. Here’s how tariffs could make the price of avocados—and other goods—more expensive.
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An overzealous effort at reforming the U.S. Agency for International Development will dismantle programs that enhance U.S. security, save lives, and boost United States’ image around the globe.
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Greenberg Center for Geoeconomic Studies
Trump’s tariffs will hit U.S. growth. We estimate the impact over time. -
United States Agency for International Development (USAID)
The dismantling of USAID erodes the United States’ already limited influence on the continent. -
Greenberg Center for Geoeconomic Studies
Nearly all of Trump’s first-term China tariff revenue went to compensate American farmers facing retaliatory tariffs. Expect a replay in 2025. -
Editor's Note: On January 28, after the original publication of this article, Secretary of State Rubio issued an emergency humanitarian waiver that permitted "life-saving humanitarian assistance prog…
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This time around, Modi and Trump should seize the opportunity to strike a substantial bilateral agreement.