Global Economy

Even before the Supreme Court’s decision to overturn most of US President Donald Trump’s tariffs, historic allies had begun actively exploring economic relationships with other nations.

Americans of all partisan stripes agree free trade agreements are important, but Republicans want them with a side of trade barriers.

Majorities across party lines believe trade with Canada and Mexico strengthens US national security.

The global economy isn’t just slowing—it’s being completely reshaped. Here’s what that means for your future.

"Europe is clearly not happy. It's not a war that they were consulted about. It's not a war that they've chosen," says Council President and CEO Leslie Vinjamuri.

"A nuclear resurgence will bring hard questions, especially for the United States, which risks ceding ground to Russia and China if it fails to act," Council Senior Nonresident Fellow Rachel Bronson writes.

"With the sanctions against Russia, it adds to the concern about scarcity of oil," says Council Distinguished Nonresident Fellow Lord Jim O'Neill. "It's not surprising that the markets are freaked out about this."

"The markets can take it for a short amount of time," Council Senior Nonresident Fellow Rachel Bronson says. "Beyond that—very difficult. Prices will increase, [and] people will feel it at home."