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October 9, 2019

Ukraine
The President's Inbox: Stephen Sestanovich on Ukraine

The latest episode of The President’s Inbox is live. I sat down with Steve Sestanovich, CFR’s senior fellow for Eurasian and Russian studies and the former U.S. ambassador-at-large for the former Sov…

Ukrainian President Volodymyr Zelensky speaks with President Trump at the United Nations General Assembly on September 25.

October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

fig 19

October 11, 2019

United States
Happy 244th Birthday to the U.S. Navy!

The U.S. Navy turns 244 years-old this weekend. On October 13, 1775, the Continental Congress commissioned two ships, each with eighty sailors, “for intercepting such transports as may be laden with …

U.S. Navy

July 30, 2019

Trade
Elizabeth Warren's "New Approach to Trade" Looks Awfully Dated

The Democratic candidate has laid out a comprehensive trade policy, but it speaks more to party activists than to voters.

Elizabeth Warren

September 30, 2019

News Release
CFR Welcomes Visiting Fellows

September 30, 2019—The Council on Foreign Relations (CFR) welcomes the 2019–20 visiting fellows to the David Rockefeller Studies Program. Selected fellows have the opportunity to broaden their perspe…

August 13, 2009

Immigration and Migration
U.S. Immigration Policy

"The continued failure to devise and implement a sound and sustainable immigration policy threatens to weaken America's economy, to jeopardize its diplomacy, and to imperil its national security," co…

July 1, 2019

G20 (Group of Twenty)
More Questions Than Answers in Trump's Asian Summitry

President Trump delayed tariffs on China and visited North Korea over the weekend, contributing to the most unpredictable international environment in decades.

Trump Xi G20

October 24, 2019

Japan
A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

Japanese investors have an obvious incentive to search for yield abroad. But why has foreign demand for Japanese bonds almost matched Japanese demand for foreign bonds?

A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

September 11, 2019

International Economic Policy
Are Asian Insurers the New European Banks?

It is hard to understand the global flow of funds without understanding the risks now being taken by Japanese, Taiwanese, and Korean life insurers.

Are Asian Insurers the New European Banks?

May 31, 2019

Immigration and Migration
Why Congress Cannot Allow the Trump Tariffs on Mexico to Stand

If the president succeeds, he will be free to slap tariffs on any country or any product at any time for whatever reason he dreams up.

United States Mexico Border