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April 15, 2024

RealEcon
Weighing the Pros and Cons of Global Trade Leadership

Under Biden and Trump, the U.S. has broken from its long-standing free trade policy. CFR trade experts assess whether the rules-based trading system is worth saving.

A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022.

April 1, 2024

RealEcon
Policymaking Is All About Trade-Offs

In crafting a new international economic policy that works for Americans and advances U.S. interests, policymakers will have to weigh multiple trade-offs.

San Diego, California, USA - October 8, 2015: British Airways Boeing 777 flying over crowded freeway to land at Lindberg Field San Diego International Airport.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

December 21, 2023

United States
These Eight Charts Show Why Fentanyl Is a Huge Foreign Policy Problem

Overdoses involving fentanyl and other synthetic opioids are the leading cause of death among young Americans and a threat to U.S. public health, the economy, and national security. Combating the epi…

August 9, 2023

Latin America
A Ticking Clock for Latin America’s Nearshoring Opportunity

The window is still open for the region to benefit from the supply chain reshuffle—but not for much longer.

Panama Canal employees work in Panama City, Panama.

April 26, 2023

Mexico
Mexico’s Carnage Has No Military Solution

To curb violence and drug trafficking, Mexico needs functioning civilian police forces and court systems, not US military strikes and boots on the ground.

Good luck with that. Photographer: Rodrigo Arangua/AFP via Getty Images

April 13, 2023

Diamonstein-Spielvogel Project on the Future of Democracy
Back to the Future in U.S.-Mexican Relations

After decades of democratic progress, human rights and the rule of law in Mexico are under siege. It would be a grave error for the United States to believe that its only interests in Mexico are trad…

Protest in support of the INE and against President Obrador's plan to reform the electoral authority, in Mexico City