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Reimagining American Economic Leadership
Making the China Tariffs More Effective
Current U.S. tariffs on China are costly. But the U.S. has policy options to reduce these costs.
Trade Offs
The EU’s new tariffs on Chinese electric vehicles signal a more cautious approach to trade with Beijing.
Featured Analysis From RealEcon
Exploring three key areas of international economic policy: trade and investment, development, and economic security, i.e., technology controls, supply-chain-resilience measures, and other policies to reduce risk to the economy or national security
Trade and Investment
Development
Mobilizing Clean Energy Financing through the Multilateral Development Banks
Blog Post by Brad W. Setser, Tess Turner and Michael Weilandt
In-Person DC Roundtable: Falling Global Fertility and Its Implications for Climate Change, Political Stability, and Economies
Event by Thomas J. Bollyky, Ann Norris, and Christopher J. Murray
Geopolitics in the Indo-Pacific: An ADB Perspective
Article by Christopher Shim
Economic Security
Supporting American Small Businesses Against Foreign Threats
Article by Tara Donohue Bartels and Tarah Wheeler
Virtual Media Briefing: U.S. Tariffs on Chinese Imports
Media Briefing by Matthew P. Goodman, Brad W. Setser, and Zongyuan Zoe Liu
Baltimore Bridge Collapse Tests U.S. Supply Chains
Expert Brief by Zongyuan Zoe Liu
RealEcon Launched
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The Farm Legacy of Henry Wallace: Regressive Subsidies
Henry A. Wallace, the subject of Benn’s recent political biography, was FDR’s agriculture secretary during his first two terms, from 1933-1940. This period marked an enormous expansion of the department, the government’s largest, with staffing soaring from 40,000 to 146,000. Government payments to farmers over these years totaled, in current dollars, an eye-popping $1.2 trillion. Read more.
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For the First Time, the U.S. Is Spending More on Debt Interest than Defense
The Fed’s new “higher for longer” rate stance spotlights a looming problem for the U.S. economy: the growth of the federal debt.
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Power and Financial Interdependence
My new paper for the Geoeconomics and Geofinance Initiative of the Institute Français des Relations Internationals’ (IFRI) explores the history of the Sino-American financial relationship.
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A new paper published by the MIT Center for Energy and Environmental Policy Research (CEEPR) puts forward an ambitious agenda for innovation in clean energy finance.
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Current U.S. tariffs on China are costly. But the U.S. has policy options to reduce these costs.
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Democrats and Republicans have failed to tell a compelling story about trade. The door is open for a new narrative.
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The EU’s new tariffs on Chinese electric vehicles signal a more cautious approach to trade with Beijing.
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Outright seizure of the Russian Central Bank’s hundreds of billions in frozen assets is currently off the table, but it is still possible to obtain large sums for Ukraine from the interest income on these assets.
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Small businesses are critical to U.S. national security. They’re also increasingly targeted by foreign cyberattacks. The federal government can do more to protect them.
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Progressive values shaped the postwar international economic system that has procured the benefits of globalization and trade. Will U.S. policymakers remember?
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As a potential U.S. Treasury secretary, Robert Lighthizer has more than trade policy to revolutionize.
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Global risks–including Chinese overcapacity–have increased, but government intervention should seek to minimize trade-offs.
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The Federal Reserve’s dual mandate of price stability and maximum employment presents trade-offs as the Fed grapples with the next move of interest rates.
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From ginseng farms to food-processing facilities, Wisconsin businesses shine light on how trade policy and foreign investment impact rural America.
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Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.