Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. President Trump loves talking about the trade balance. So do I, though, I hope, in ...

Journal Editorial Report: The President pushes ahead with tariffs despite high prices. Photo: Stefani Reynolds/Bloomberg/Chip Somodevilla/Getty Images It seems to be a matter of faith among ...

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 ...

Discover the evolution of international trade agreements from mercantilism to modern global trade, highlighting trends in multilateral and regional arrangements.

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 ...

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 ...

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 ...

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 ...

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 ...