Economics

US President Donald Trump announces tariffs on auto imports in the Oval Office of the White House in Washington, DC, on March 26, 2025

What Latin America Can Teach Trump about Tariffs

The theory of Import Substitution Industrialization (ISI), and the high tariffs that went with it, brought about economic dysfunction and stagnation to the region. Back in the 1950s, Latin American...

Berlin, Germany, 2024-10-15: Friedrich Merz pictured at a meeting in Berlin.

Germany’s Economy Needs a Radical Adjustment

German dependence on China and its foolhardy energy policies have brought low what was once an economic colossus. With tariffs and cabinet instability on the horizon, its prospects are unlikely...

America’s Vanishing Tech Edge: Reclaiming Leadership from China

Editor’s note: In February, The National Interest organized a symposium on the U.S.-China technology race amidst the emergence of DeepSeek and ongoing legal battles over TikTok. We asked a variety of experts the following...

The Big Interest Rate Cut: Is the Federal Reserve Too Late?

At long last, it seems that the Federal Reserve has smelt the coffee that it was keeping interest rates too high for too long for the economy’s good. However, it...

Is Ukraine’s Kursk Offensive Tied to Its Economic Security? 

As others have discussed in this publication, there are a variety of reasons why the Ukrainian leadership undertook the ongoing invasion of Russia and what the military implications of doing...

Rethinking Economic Warfare with China

In recent years, the Chinese Communist Party has waged an aggressive economic campaign against the United States and Australia in the Indo-Pacific to achieve economic and technological dominance. Through predatory...

America’s Greatest Enemy Isn’t China or Russia: Its $35 Trillion In Debt

With a With a $1.5 trillion deficit this year, $35 trillion in overall debt, and $1 trillion in interest payments this year, if the U.S. dollar is no longer the primary...

The Federal Reserve Has A Big Choice To Make

So much for the soft economic landing.  The disappointing consumer price inflation numbers released on April 10 suggest that inflation will not come down to the Federal Reserve’s 2 percent target...

China’s Economic Slowdown is Strengthening its Defense Industrial Base

In 2023, China’s economy grew at the slowest pace since 1990, apart from two years during the COVID-19 pandemic when the country was closed to the outside world. For many...

Donald Trump Can’t Save Social Security

For years, I had the privilege of teaching economics to West Point cadets, some of the best and brightest our nation has to offer.  There was one rule of economics...

Will China Push the U.S. Dollar Out of the Middle East?

As China’s geo-economic influence expands across the Middle East and North Africa (MENA), countries in the region are becoming acutely aware of the risks emanating from their dependence on the...

China’s Economy Is in Trouble: Is Xi Jinping?

The Chinese Communist Party and its leader, Xi Jinping, aren’t doing so well. Sky-high youth unemployment, a tumbling stock market, and continuing real-estate turmoil threaten to derail his “China dream”...