Trade and Finance
- The U.S. Trade Deficit: How Much Does It Matter?President Trump has made reducing U.S. trade deficits a priority, but economists disagree over how much they matter and what to do about them.
- US Exporters Won’t Thrive in a ‘Plus-One’ WorldTrump’s tariffs will shift manufacturers from a “China plus one” to a “US plus one” strategy, putting higher-cost US-made goods at a global competitive disadvantage.
- Tariffs Will Destroy the Best Cure for the Trade DeficitUS exports not only reduce deficits, they also bring higher-paying jobs and greater innovation. A tariff-driven trade war will hold back their growth.
- What Is the U.S. Federal Reserve?Over the past decade, the Fed kept interest rates low while it deployed trillions of dollars in stimulus and expanded its regulatory oversight. Now, the central bank is back in the spotlight for its battle against inflation.
- Big Macs Show Dollar Hugely Overvalued, But “Mini Macs” Beg to Differ.Whereas the Economist magazine’s Big Mac currency index says the dollar is hugely overvalued, CFR’s “Mini Mac” index finds it slightly undervalued.
- Latin America’s Big OpportunityOver the last three decades, economic growth in Central Europe, East and Central Asia, Southeast Asia, and Sub-Saharan Africa has outpaced growth in Latin America, where most economies have actually become less sophisticated and diversified. But now, current global trends are creating an opportunity for a long-delayed takeoff.
- The supply chain shift: From global to local and backSupply chains have never been more global, complex or interconnected—but something is shifting.
- A Reset for America and Mexico?What New Leadership—Possibly in Both Countries—Might Mean for Cooperation