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Global Economy

Rollback of the Inflation Reduction Act Would Surrender Economic Primacy to China

In the News
The National Interest
Joshua Busby

Proposed cuts risk weakening US industrial competitiveness and clean energy leadership, handing China a strategic advantage in future technologies, Josh Busby and Greg Pollock write.

A ChargePoint electronic vehicle charger
George Walker IV / AP
US Foreign Policy

Trump's Middle East Tour, Peace Talks in Disarray, Trade War Ceasefire

Video Series
World Review with Ivo Daalder

Matt Kaminski, Prashant Rao, and Anna Sauerbrey join guest host Carla Anne Robbins to discuss the week's top news stories.

President Donald Trump and UAE President Mohammed bin Zayed Al Nahyan (right) tour the Sheikh Zayed Grand Mosque in Abu Dhabi, UAE on May 15, 2025.
Alex Brandon / AP
Global Economy

Easing Chinese Tariffs, Defying Judicial Orders, Wobbling German Government

Video Series
World Review with Ivo Daalder

Lee Hockstader, Andrew Roth, and Felicia Schwartz join Ivo Daalder to discuss the week's top news stories.

El Salvador's President Nayib Bukele shakes hands with President Donald Trump in an Oval Office meeting on April 14, 2025.
Pool / AP
Global Economy

US-China Trade War, Tariff Whiplash, Iran Talks

Video Series
World Review with Ivo Daalder

Prashant Rao, Liz Sly, and Giles Whittell join Ivo Daalder to discuss the week's top news stories.

Chinese President Xi Jinping gestures during the opening session of the National People's Congress at the Great Hall of the People in Beijing, China on March 5, 2025.
Ng Han Guan / AP
Defense and Security

What Do Trump's Tariff Policies Mean for Illinois and the National Economy?

In the News
The 21st Show
Cécile Shea

"When you have a week like we've had with the stock market dropping that amount, it scares people, so they stop buying things," Cécile Shea says.

A shopping cart filled with groceries sits in an aisle at an Asian grocery store in Rowland Heights, Calif.
Jae C. Hong / AP
Global Economy

Trade War Keeps Cost-Conscious Americans on the Edge of Their Seats

BLOG
Running Numbers by Coauthors

Most think Trump is focusing too much on tariffs and not enough on the rest of the economy. A few, however, think trade barriers are worth the price.

A US flag is shown in front of a container ship at the Port of Los Angeles
Damian Dovarganes / AP
Global Economy

When It Comes To Free Trade, The Market Doesn't Always Know Best

In the News
World Politics Review
Paul Poast

Restrictions on international economic flows—like Trump's tariffs—seem to be obviously bad. But politically speaking, that isn't always the case, Paul Poast argues.

cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma
Ted S. Warren / AP
Global Economy

Greenland's Minerals Won’t Secure the US Supply Chain

In the News
The National Interest
Joshua Busby

Arctic conditions, local opposition, and processing and refining challenges make near-term gains unlikely, Emily J. Holland, Joshua Busby, and Morgan Bazilian argue.

Rocky ridge and glaciers
Gitte Winter / Unsplash
US Foreign Policy

How Trump's Tariffs Could Impact Illinois

In the News
The 21st Show
Cécile Shea

Cécile Shea unpacks how tariffs on Canada and Mexico could affect agriculture, manufacturing, and more.

National flags representing the United States, Canada, and Mexico fly in the breeze
Judi Bottoni / AP
Global Economy

Ukraine's Minerals Won't Solve US Supply Chain Problems

In the News
Foreign Policy
Joshua Busby

"Barring major investments in processing, a new source of raw minerals would do little to address key US vulnerabilities," Joshua Busby, Emily J. Holland, and Morgan D. Bazilian write.

 A view of an ilmenite open pit mine in a canyon in the central region of Kirovohrad, Ukraine
Efrem Lukatsky / AP
US Foreign Policy