Trade
Why Europe Should Do More to Deter the Houthis
Washington should encourage its European allies to take a larger role not only in Ukraine, but also the Red Sea. “Liberation Day” has come and gone, as President Donald Trump...
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...
How the Houthis Outsmarted Washington
The Yemeni terrorist group has skillfully taken advantage of an overstretched U.S. Navy. The Yemeni Houthis refuse to go away. Despite the efforts of the U.S. Navy and allies, a...
Rand Paul Is Right to Oppose Trump’s Tariffs
The cold, hard truth is that tariffs are bad for the GOP and even worse for America.
Donald Trump’s Gift to China
The largest beneficiary of America’s tariff-induced meltdown has been China—which has used past Western crises to stake out maximalist positions in international affairs.
Tariffs and the Specter of Smoot-Hawley
Bad trade policy helped prolong the Great Depression. Even a muted repeat of this experience is terrifying. Stock prices have tumbled, and anxieties have soared with the White House announcement...
How Trump’s Tariffs Are Reshaping Global Trade
The unveiling of sweeping trade barriers has fundamentally shifted the nature of global trade diplomacy toward transactionalism. This week, President Donald Trump announced a comprehensive set of tariffs affecting nearly...
Why Donald Trump Might Reverse Course on Tariffs
With trillions of dollars vanishing from financial markets overnight, the president may have little choice but to make an uncharacteristic U-turn.
Tariffs are Bad—so Are Non-Tariff Barriers
U.S. trade policy today is a roller coaster, and the only thing predictable about it is its unpredictability. Tariffs, which Donald Trump once called “the most beautiful word in the...
How Donald Trump Can Beat Europe’s Tech Regulations
If there is one bright spot in Trump’s cacophony of trade threats, it is that the conversation on how to improve the global regulatory space for the average consumer has...
Petro-Power: The Rise of Oil-Backed Trade in Africa’s Global Strategy
Oil-backed trade is helping African nations bypass financial constraints and sustain their economies by exchanging crude for refined fuels and services. The foundations of trade were built not on profit...
PODCAST: America First, Unbound?
President Donald Trump’s latest moves on the Ukraine War and tariffs signal the full emergence of his “America First” agenda, unencumbered by the moderating voices of his first administration. America...