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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
Global Trade Policy 2025, tariffs, trumponomics
Trade, Tariffs & Trumponomics
As President Donald Trump enters his second term, trade has become a central pillar of his foreign policy. CFR experts provide timely analysis on the trade-offs and costs involved as they explore the ripple effects on U.S. relations with allies and competitors alike and broader impact on the global economic system.
In Focus
Donald Trump Wants Reciprocity in Trade: Here’s a Closer Look
The president’s plan for reciprocal tariffs sounds good in theory. But there was a reason the United States abandoned the approach a century ago. The gains would be few and the costs enormous.
American Impact
What Trump’s Trade War Would Mean, in Nine Charts
President Trump’s tariffs on Canada, China, and Mexico could upend U.S. trade. These nine charts show what’s at stake, what comes next, and why it matters.
Explaining Trade
What Are Tariffs?
Tariffs are a form of tax applied on imports from other countries. Economists say the costs are largely passed on to consumers.
Our Trade Experts
Distinguished Fellow, Director of the Greenberg Center for Geoeconomic Studies, and Director of the CFR RealEcon Initiative
The Latest Trade News and Analysis
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Panelists discuss the future of U.S.-China relations under the new Trump administration, including recent developments relating to trade, technological innovation, and increasing military tensions in the Indo-Pacific. If you wish to attend virtually, log-in information and instructions on how to participate during the question and answer portion will be provided the evening before the event to those who register. Please note the audio, video, and transcript of this hybrid meeting will be posted on the CFR website. This meeting is part of CFR's Transition 2025 Series, which examines the major foreign policy issues confronting the Trump administration and is presented in partnership with CFR’s China Strategy Initiative.
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Trade retaliation looms from Canada, China, Mexico, and the European Union in response to U.S. tariffs. Four timelines lay out their responses, and the experience of American soybean farmers in 2018 shows how damaging this could be.
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Brad W. Setser, Whitney Shepardson senior fellow at CFR, discusses the recent tariffs imposed on goods from Canada, China, and Mexico and implications for American consumers. The host of the webinar …
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There was once a broad consensus in Washington that trade was a force for good—a way to connect, grow, and prosper. But today, trade has evolved into something much bigger than just the exchange of goods. It’s become a powerful tool to rewrite the rules of foreign policy, reshape how the United States is viewed by the rest of the world, and steer us toward an increasingly uncertain future. When did this change begin, and where did we go off course?
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The Trump administration’s tariffs on Canada this week and threats of annexation have strained the U.S.-Canada partnership, fueling Canadian nationalism and causing steep retaliatory measures.
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The Trump administration’s recent tariff actions are undermining congressional authority and sowing chaos for U.S. businesses. Lawmakers should reassert their constitutional power to correct course.
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Greenberg Center for Geoeconomic Studies
Studies have shown that tariffs depress productivity in protected industries. U.S. steel is a case in point. -
Trade and tariffs are a central part of President Donald Trump’s international economic policy. Stay up to date with the Council on Foreign Relation’s calendar of significant trade-related events.
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The United States’ relationship with China is at a new low, but Trump has a chance to redefine bilateral relations by locking China into the U.S.-led global system