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June 28, 2022

North Korea
North Korea’s Military Capabilities

Kim Jong-un has accelerated North Korea’s buildup of nuclear and other weapons of mass destruction, while also modernizing its large conventional force.

Vehicles carry missiles during a military parade in Pyongyang.

June 7, 2006

North Korea
North Korea’s Capitalist Experiment

The government of North Korean President Kim Jung-Il retains a virtual death grip on the nation’s economy, directing all official economic activity through an authoritarian command system. But recent…

October 8, 2021

Trade
The Truth About Tariffs

Tariffs have been applied over the years to protect homegrown industries and target competitors who are seen as using unfair trade practices. They impose costs on both importers and exporters and had been in decline until the recent U.S.-China trade war.

A steelworker tests a sample of steel at an Indiana mill in March 2018.