WTO members confounded expectations last week by concluding a deal on fisheries subsidies, the first major multilateral agreement in nearly a decade. But the trade body is not out of the woods yet.

Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

Policymakers are increasingly concerned by the U.S.’s dependence on Taiwanese semiconductors. Is onshoring their production to the U.S.—a goal of the CHIPS and Science Act—a practical path forward? 

In crafting a new international economic policy that works for Americans and advances U.S. interests, policymakers will have to weigh multiple trade-offs.

Europeans consider vast U.S. subsidies for cars, clean energy, and semiconductors a danger to their economies.

The window is still open for the region to benefit from the supply chain reshuffle—but not for much longer.

Fishing provides a critical source of food and income for many countries, but much of it occurs unlawfully, harming vulnerable populations and eroding maritime governance.