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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.

November 30, 2023

China
The Legacy of Henry Kissinger

The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Am…

Kissinger

September 3, 2020

World Trade Organization (WTO)
What to Know About the Race to Lead the WTO

World Trade Organization members are in the process of selecting a new leader, who will be charged with steering the WTO at a critical moment for the future of international trade.

A picture shows the empty seat and desk of the World Trade Organization director-general prior to a general council in Geneva.

October 22, 2019

Trade
The October Truce on U.S.-China Trade Failed to Address Subsidies

Concern that China's subsidies caused a flood of cheap imports was what started the U.S.-China trade war in the first place, but subsidies were not mentioned even once when President Trump announced …

U.S. China Currency

December 17, 2020

2020 in Review
Visualizing 2021: Trends to Watch

CFR experts illustrate the trends to track in the coming years.

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.