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January 31, 2017

United States
The State of U.S. Trade Policy

President Donald Trump’s rejection of the Trans-Pacific Partnership (TPP) has intensified debate over U.S. trade policy and its far-reaching effects.

Backgrounder by James McBride

September 20, 2021

Trans-Pacific Partnership (TPP)
What’s Next for the 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.

Remaining members of the TPP gather at the signing agreement ceremony in Santiago, Chile, in March 2018.
Backgrounder by James McBride, Andrew Chatzky, and Anshu Siripurapu Renewing America

March 8, 2019

United States
The U.S. Trade Deficit: How Much Does It Matter?

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.

Chinese steel factory
Backgrounder by James McBride and Andrew Chatzky Renewing America

December 4, 2023

Budget, Debt, and Deficits
The U.S. National Debt Dilemma

With the U.S. national debt already exceeding $16 trillion, President Trump’s tax reform and budget deals with Congress have added to the country’s deficits. CFR explores the origins of the national debt, the risks it presents, and the outlook for change.

An exterior view of the U.S. Treasury building from below
Backgrounder by James McBride, Noah Berman, and Anshu Siripurapu Renewing America