Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The tax reform bills that have now passed both the House and and Senate look to ...

President Donald Trump called the punishing tariffs he announced on Wednesday “reciprocal,” claiming that the new levies on imports from pretty much every nation—including some that are longtime ...

Japan’s balance of trade unexpectedly swung to its first surplus since July 2021, an outcome that should help ease pressure on the economy’s recovery, though risks remain for the growth outlook. The ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. This is a guest post by Cole Frank, a research associate at the Council on Foreign ...

International trade is always balanced. Trade deficits are imbalances in only a single part of the total balance of international payments. Any trade deficit is offset by surpluses in other parts of ...

A strong dollar helped drive an uptick in U.S. imports last year, while export growth remained modest. Annual U.S. trade deficits in goods. ’00 ’05 ’10 ’15 ’20 The U.S. trade deficit in goods hit a ...

The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again. By Ana Swanson Ana Swanson covers international trade and is based in Washington To President Trump, one ...

"I, DONALD J. TRUMP, President of the United States of America, find that underlying conditions, including a lack of reciprocity in our bilateral trade relationships, disparate tariff rates and ...

Peter Draper receives funding from the European External Action Service and Australian Department of Foreign Affairs and Trade, for project-specific work connected to trade policies. He is affiliated ...