Sweden v England: Quarter Final - 2018 FIFA World Cup Russia

Import Substitution: From Cars to Soccer Stars

Last year, almost 70 percent of the players in England's Premier League were from other countries. Could this be causing a hollowing out of talent when the World Cup rolls around? Does the home country need to be more “protected” by setting aside more spots for local talent? Or does a “free trade” approach drive up the level of competition?

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Despite Trade Tensions Fireworks Exports from China are Booming

Whether you bought a multipack of screamers, bottle rockets, and roman candles from a roadside stand, or plan to watch a professionally-designed community display this Fourth of July, chances are the fireworks themselves were produced in China.

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What You Need to Know About “Made in China 2025”

U.S. trade policy toward China under the Trump Administration is heavily focused on addressing the perceived unfairness and competitive disadvantages created by China's industrial policies, chief among them, Made in China 2025. Here's your Essential graphic on the policy's core components.

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Delivery drone with the cardboard box on white background.

Export Controls and the Art of Modern Defense

Export controls are not a new idea. They date back to at least the 14th century when the English tried to keep longbow technology out of the hands of the French during the Hundred Years War. Today, we face a very different world with multiple adversaries, including non-state actors, and no strong consensus on how or when to act.

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Euro and US Dollar coins. One Euro and USA Dollar coins standing on edge supported on coins

Understanding U.S. Tariff Actions: Two Sides of the Coin

  The U.S. Administration has announced yet another investigation which could result in tariffs – this time on automobiles. Given the recent flurry of trade actions, it would be understandable if they all started to blend together in the mind of observers. That would be unfortunate. It is important to understand that there are distinct […]

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Oil tank in harbor

Energizing U.S. Oil and Gas Exports to China

Against a backdrop of high profile trade and investment disputes between the United States and China, American hydrocarbon exports to China are booming. U.S. energy commodity exports to China went from $2.6 billion in 2016 to $8.6 billion in 2017.

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Trade Promotion Authority: Driving Trade Deals on the Fast Track to Congressional Approval

A May 17 NAFTA deadline has been in the news. That's because Congressional leaders have advised the Trump administration that the deal needs to get done soon in order to have a vote on NAFTA 2.0 in this Congress under so-called “fast track” voting procedures. There are all sorts of steps on the timeline built into the Trade Promotion Authority legislation (TPA) for expedited approval of trade agreements. Here’s a short version of the history, context, and essentials of how it all works.

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Breaking the status

Investor-State Dispute Settlement Faces Hurdles on the Road Ahead

The United States has a long history of advancing the rules-based order and, as a practical matter, has never lost a dispute arising from one of its many investment agreements. But investor-state dispute settlement procedures may not have a future.

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Boy sleeping on desk

The One Trade Lesson Everyone Should Learn: Smoot-Hawley

In Ferris Bueller's Day Off, Bueller's classmates stare blankly, blow bubbles, and fall asleep on their desks as high school teacher Ben Stein (an economist in real life) explains how the United States sank deeper into depression in the early 1930s. As he drones on, asking the students questions — “Anyone? Anyone?" — few of the movie's fans realize he's teaching one of the most important lessons in the history of trade policy: how Congress muffed the Smoot-Hawley Tariff Act of 1930.

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China’s Addiction to Intellectual Property Theft

President Trump just announced $50 billion worth of tariffs and other penalties on China for its theft of intellectual property, technology, and trade secrets. China will not change its behavior absent external pressure -- pushing back against the constant drain from Chinese IP theft is long overdue.

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