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June 10, 2024

Economics
The Farm Legacy of Henry Wallace: Regressive Subsidies

The era of massive government farm subsidies began in the early 1930s. It has favored the large and the rich ever since.

The Farm Legacy of Henry Wallace: Regressive Subsidies

April 8, 2025

China
Countering China’s Trade Practices With Investment Tax Policy

Panelists discuss ending the U.S. tax subsidy for Chinese inward portfolio investment as a tool to shrink the trade deficit, as well as the potential economic and policy implications of this approach…

Play A Chinese investor pulls his hair as he looks at an electronic board showing stock information at a brokerage house in the financial district of Beijing.

September 7, 2023

United States
Council Special Report: Rethinking International Rules on Subsidies

In the Council Special Report Rethinking International Rules on Subsidies, authors Jennifer Hillman and Inu Manak describe how the subsidies rules did little to prevent widespread industrial use by c…

Play Joe Biden walking on stage about to shake hands at a Semiconductor Fabrication Plant in Arizona

October 2, 2023

United States
U.S. Should Lead the Effort to Reform International Subsidies, Argues New CFR Report

“The United States should lead the effort to reshape the global rules to better serve its own interests and the international trading system’s changing realities,” claims a new Council Special Report…

September 6, 2023

Trade
Rethinking International Rules on Subsidies

The World Trade Organization needs an updated toolbox in the face of rising industrial policies across the globe. 

September 13, 2023

United States
Rethinking International Subsidies Could Cool Trade Tensions

Massive government spending in semiconductors and climate threatens to provoke a costly trade war; a new set of rules could change that.

Solar panels are set up in the solar farm at the University of California, Merced, in Merced, California, U.S. August 17, 2022.

April 23, 2025

United States
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.

Chinese steel factory

February 10, 2025

India
How India Disrupts and Navigates the WTO

India’s influence at the World Trade Organization has grown following a notable decline of U.S. power within the organization, but its opportunism and obstructionism could weaken its potential to ben…

Prime Minister Narendra Modi poses with World Trade Organization Director-General Ngozi Okonjo-Iweala and Indian President Droupadi Murmu on the sidelines of the 2023 G20 summit in New Delhi.

April 14, 2025

Trade
The Contentious U.S.-China Trade Relationship

President Donald Trump’s trade war with China that began in his first administration has snowballed into greater tensions between the world’s biggest economies, but experts say completely decoupling …

 A worker works on the production line of a high-end silk textile enterprise in Fuyang city, East China's Anhui province, March 5, 2025.