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Global Economy

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

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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

What Trump's Proposed Tariffs Could Mean for Chicagoans

In the News
WBEZ
Cécile Shea

Cécile Shea helps unpack how tariffs on Mexico, Canada, and China could impact local businesses and consumers.

Shipping containers are stacked at a port in Tianjin, China
Mark Schiefelbein / AP
US Foreign Policy

Company that shut Chicago steel-conduit plant sues Mexico

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ChicagoGlobal by John Pletz

In an unusual step, Zekelman Industries is taking a foreign government to court for dumping steel — a move that comes against the backdrop of a presidential campaign dominated by talk of tariffs and foreign trade.

Headshot of a white man in a navy suit with light blue shirt
Barry Zekelman
Global Economy

As Global Cities Feel the Strain of Overtourism, What Makes Chicago Immune?

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ChicagoGlobal by Coauthors

Compared to packed European cities like Barcelona and Amsterdam, Chicago faces few issues with tourists — but it agrees that short-term rentals are a threat.

A crowd of people march on a street in Barcelona at an anti-tourism rally, with a woman in the middle holding a carboard sign that reads "TOURIST GO HOME."
Emilio Morenatti / AP Photo
Global Economy

Q&A: What rate cuts — and tariff talk — portend for the Midwest in the global economy

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ChicagoGlobal by H. Lee Murphy

Chicago economist Diane Swonk had been skeptical that the Federal Reserve could engineer a soft landing from post-pandemic inflation. Now she's coming around.

A person talks on stage during an event while two other people listen in the background
Courtesy Eurasia Group
Global Economy