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April 17, 2024

RealEcon
Onshoring Semiconductor Production: National Security Versus Economic Efficiency

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? 

A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.

April 15, 2024

RealEcon
Weighing the Pros and Cons of Global Trade Leadership

Under Biden and Trump, the U.S. has broken from its long-standing free trade policy. CFR trade experts assess whether the rules-based trading system is worth saving.

A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022.

April 1, 2024

RealEcon
Policymaking Is All About Trade-Offs

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

San Diego, California, USA - October 8, 2015: British Airways Boeing 777 flying over crowded freeway to land at Lindberg Field San Diego International Airport.

April 1, 2024

Trade
WTO Members Kick the Can Down the Road, Again

The World Trade Organization's (WTO) thirteenth ministerial conference (MC13) in Abu Dhabi, United Arab Emirates failed to break the deadlock on old and new initiatives in areas such as agricultural …

13th WTO Ministerial Conference in Abu Dhabi, UAE

January 29, 2024

India
The Battle for Global South Leadership

Both China and India aspire for the role, but it is not clear if nations that belong to the group see either of them as a benign leader or their champion

Indian Prime Minister Narendra Modi and China's President Xi Jinping attend the BRICS summit meeting in Johannesburg, South Africa, July 27, 2018.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

November 8, 2023

Trade
Unpacking the IPEF: Biden’s Indo-Pacific Trade Play

One year after the Joe Biden administration unveiled its Indo-Pacific Economic Framework, the agreement still doesn’t look like a traditional trade deal and could end up falling short of its ambition…

Containers are loaded at the Port of Singapore, the second largest port in the world.

June 29, 2023

Trade
Biden’s Turn Against Trade Makes It Hard to Win Friends

An era of inclusive U.S. economic policy is over, sparking anxiety around the world.

U.S. President Joe Biden speaks on rebuilding American manufacturing at the groundbreaking of a new Intel semiconductor manufacturing facility.

August 9, 2023

Latin America
A Ticking Clock for Latin America’s Nearshoring Opportunity

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

Panama Canal employees work in Panama City, Panama.