Getting the ‘China Shock’ Right

The political narrative has eclipsed the actual economics, and that’s a policy problem today.

Yellen Heads to China

Is the U.S. in for a ‘China Shock 2.0’?

Now’s Not the Time to Double Down on Protectionism

Trade restrictions aren’t the biggest driver of inflation, but their effects aren’t trivial, either.

What Should America Do About Chinese Overcapacity?

The answer might surprise you.

Aluminum Tariff Follies

The sordid reality of modern U.S. trade policy.

Assessing Claims About Who Pays Tariffs and Whether They Preserve Jobs

Trump adviser Stephen Miller made several false or misleading claims.

Japanic! at the Steelco

U.S. Steel gives American protectionists just what they wanted … good and hard.

Offshore Headwinds

Economic realities can hurt. Government realities can make them fatal.

The New Right Gets Mugged by an Old Reality

Economic nationalists champion interventionism, but they’re waking up to a harsh fact: Political opponents can wield it too.

What Skeptics Get Wrong About ‘Globalization’

Spoiler: almost everything.

Trump’s Global Tariff Idea Is Obviously Terrible. Biden Helped Make It Possible.

The president has fought to maintain his predecessor’s policies.

A(nother) Case Study of Terrible U.S. Tariff Policy

New trade remedies would hurt steelworkers and American consumers.

Yellen Seeks Economic Detente With China

‘We believe that the world is big enough for both of our countries to thrive.’

What Most People Don’t Understand About U.S.-China ‘Decoupling’

Especially the folks most aggressively urging it.

If America Really Is Unpopular, We Have Only Ourselves to Blame

Washington is giving developing countries plenty of reasons to cozy up to China.

The Rise of ‘Red Scare’ Policy

We risk overreacting to the threats posed by China.