Peterson Institute for International Economics
@piie.com
The Peterson Institute for International Economics is a nonpartisan, independent research institution devoted to studying international economic policy.
Explore our research: piie.com
Explore our research: piie.com
Listen to PIIE Insider LIVE wherever you get podcasts!
New podcast: me reflecting on US economic policies since the election, what we foresaw, what surprised, what the impact has been and will be.
Includes a warning about the seeds being sown for the next financial crisis by Trump's crypto and Fed policy combo.
podcasts.apple.com/us/podcast/a...
Includes a warning about the seeds being sown for the next financial crisis by Trump's crypto and Fed policy combo.
podcasts.apple.com/us/podcast/a...
Adam Posen on the economy one year after the US election (Episode 11)
Podcast Episode · PIIE Insider LIVE · 11/07/2025 · 32m
podcasts.apple.com
November 10, 2025 at 2:40 PM
Listen to PIIE Insider LIVE wherever you get podcasts!
Reposted by Peterson Institute for International Economics
Join us for this interesting discussion about the music industry and instruments. With @cullenhendrix.bsky.social Julie Robbins from EarthQuaker devices and John Mlynczak from NAMM
Thank you for the music! What are tariffs doing to the music industry? www.piie.com/events/2025/...
Thank you for the music! What are tariffs doing to the music industry?
Tariffs are affecting many parts of society, but how are they changing the music industry? This highly globalized industry is a finely tuned ecosystem, harmonizing the craftmanship of high-end manufac...
www.piie.com
November 9, 2025 at 1:47 PM
Join us for this interesting discussion about the music industry and instruments. With @cullenhendrix.bsky.social Julie Robbins from EarthQuaker devices and John Mlynczak from NAMM
"Trade wars screw up other things."
Senator Tim Kaine explained how, separately from the economy, Trump's trade war is complicating US relationships with allies in other spheres, like defense.
Senator Tim Kaine explained how, separately from the economy, Trump's trade war is complicating US relationships with allies in other spheres, like defense.
November 7, 2025 at 2:51 PM
"Trade wars screw up other things."
Senator Tim Kaine explained how, separately from the economy, Trump's trade war is complicating US relationships with allies in other spheres, like defense.
Senator Tim Kaine explained how, separately from the economy, Trump's trade war is complicating US relationships with allies in other spheres, like defense.
Reposted by Peterson Institute for International Economics
The European Union is forging a new strategic alliance with Latin America www.piie.com/blogs/realti...
The European Union is forging a new strategic alliance with Latin America
The global trade wars prompted by President Donald Trump´s protectionist actions are leading to a revival of interest in trade agreements between regions outside the United States. Trade is now more g...
www.piie.com
November 6, 2025 at 7:27 PM
The European Union is forging a new strategic alliance with Latin America www.piie.com/blogs/realti...
"It sends no real signals of value or use."
Senator Rand Paul told us what he thinks about the trade deficit.
Senator Rand Paul told us what he thinks about the trade deficit.
November 6, 2025 at 8:30 PM
"It sends no real signals of value or use."
Senator Rand Paul told us what he thinks about the trade deficit.
Senator Rand Paul told us what he thinks about the trade deficit.
After over 25 years of negotiations, the EU has finally concluded a trade agreement with the Mercosur countries (Argentina, Brazil, Paraguay, & Uruguay). But the deal isn't quite done.
@ceciliamalmstrom.bsky.social explains the importance of getting it signed:
@ceciliamalmstrom.bsky.social explains the importance of getting it signed:
The European Union is forging a new strategic alliance with Latin America
The global trade wars prompted by President Donald Trump´s protectionist actions are leading to a revival of interest in trade agreements between regions outside the United States. Trade is now more g...
www.piie.com
November 6, 2025 at 6:40 PM
After over 25 years of negotiations, the EU has finally concluded a trade agreement with the Mercosur countries (Argentina, Brazil, Paraguay, & Uruguay). But the deal isn't quite done.
@ceciliamalmstrom.bsky.social explains the importance of getting it signed:
@ceciliamalmstrom.bsky.social explains the importance of getting it signed:
NOVEMBER 7: It's been a year this week since the US presidential election...& one year of PIIE Insider LIVE!
@adamposen.bsky.social is coming back onto the podcast to discuss what's changed in the US & global economy.
Tune in live or subscribe wherever you get podcasts: www.piie.com/events/2025/...
@adamposen.bsky.social is coming back onto the podcast to discuss what's changed in the US & global economy.
Tune in live or subscribe wherever you get podcasts: www.piie.com/events/2025/...
Adam Posen on the economy one year after the US election
It's been one year since the 2024 US presidential election—and since the launch of PIIE Insider LIVE. Anjali V. Bhatt, PIIE communications manager and research fellow welcomes back Adam Posen, PIIE pr...
www.piie.com
November 5, 2025 at 8:13 PM
NOVEMBER 7: It's been a year this week since the US presidential election...& one year of PIIE Insider LIVE!
@adamposen.bsky.social is coming back onto the podcast to discuss what's changed in the US & global economy.
Tune in live or subscribe wherever you get podcasts: www.piie.com/events/2025/...
@adamposen.bsky.social is coming back onto the podcast to discuss what's changed in the US & global economy.
Tune in live or subscribe wherever you get podcasts: www.piie.com/events/2025/...
NOW: Arvind Subramanian & coauthor Devesh Kapur present their new book "A Sixth of Humanity: Independent India's Development Odyssey" in conversation with Simon Johnson, moderated by Caroline Atkinson.
Watch live:
Watch live:
Book Release: A Sixth of Humanity: Independent India's Development Odyssey
India's journey has been distinctively "precocious" in comparative terms. It opted for democracy before development and social change, promoted high-skilled services before and over low-skilled manufa...
www.piie.com
November 5, 2025 at 5:31 PM
NOW: Arvind Subramanian & coauthor Devesh Kapur present their new book "A Sixth of Humanity: Independent India's Development Odyssey" in conversation with Simon Johnson, moderated by Caroline Atkinson.
Watch live:
Watch live:
Reposted by Peterson Institute for International Economics
This is a historic day for trade policy. Background here ⤵️
November 5, 2025 at 2:16 PM
This is a historic day for trade policy. Background here ⤵️
The fundamental problem with an expansive interpretation of IEEPA is that it would allow the president almost unlimited power that hasn’t been clearly authorized by Congress.
@douglasirwin.bsky.social & Alan Wolff explain:
@douglasirwin.bsky.social & Alan Wolff explain:
Opinion | Trump’s Blanket Tariffs Are a Bridge Too Far
The case against his use of IEEPA is powerful. The justices shouldn’t defer to presidential power.
www.wsj.com
November 5, 2025 at 3:35 PM
The fundamental problem with an expansive interpretation of IEEPA is that it would allow the president almost unlimited power that hasn’t been clearly authorized by Congress.
@douglasirwin.bsky.social & Alan Wolff explain:
@douglasirwin.bsky.social & Alan Wolff explain:
We have updated our Trade War Timeline with details from President Trump's Asia trip, including deals with China, Vietnam, Malaysia, Cambodia, & Thailand.
Check it out:
Check it out:
Trump's trade war timeline 2.0: An up-to-date guide
President Donald Trump started his second term in office with momentous plans to change US trade policy to achieve various economic and nontrade related aims. This timeline tracks the development of t...
www.piie.com
November 3, 2025 at 4:02 PM
We have updated our Trade War Timeline with details from President Trump's Asia trip, including deals with China, Vietnam, Malaysia, Cambodia, & Thailand.
Check it out:
Check it out:
WATCH: The US 'blinked' as the Trump administration attempted to gain leverage in trade negotiations with China, leaving negotiators in a weak position, Mary Lovely says.
'US Blinked' in Trump, Xi Meeting, Peterson Institute Senior Fellow Says
YouTube video by Bloomberg Television
www.youtube.com
October 31, 2025 at 6:40 PM
WATCH: The US 'blinked' as the Trump administration attempted to gain leverage in trade negotiations with China, leaving negotiators in a weak position, Mary Lovely says.
Since Nixon did not invoke emergency powers under the Trading with the Enemies Act in 1971, a sanctions law & IEEPA's predecessor, there is no legal precedent for Trump invoking emergency powers under IEEPA to impose “reciprocal tariffs.”
By Alan Wolff:
By Alan Wolff:
How unprecedented are Trump's "emergency tariffs"?
When President Donald Trump imposed his so-called reciprocal tariffs on pretty much all products from all countries this year, he said he was responding to a national emergency due to the nation’s tra...
www.piie.com
October 31, 2025 at 3:05 PM
Since Nixon did not invoke emergency powers under the Trading with the Enemies Act in 1971, a sanctions law & IEEPA's predecessor, there is no legal precedent for Trump invoking emergency powers under IEEPA to impose “reciprocal tariffs.”
By Alan Wolff:
By Alan Wolff:
NOW: Conference on central bank independence in practice discussing evidence, accountability, legal considerations, financial regulation, & more.
Featuring Lawrence H. Summers, John H. Cochrane, Richard H. Clarida, Roger W. Ferguson Jr., Daniel K. Tarullo, & more.
Watch live & full agenda:
Featuring Lawrence H. Summers, John H. Cochrane, Richard H. Clarida, Roger W. Ferguson Jr., Daniel K. Tarullo, & more.
Watch live & full agenda:
Central bank independence in practice
The Peterson Institute for International Economics holds a high-level conference to analyze the serious issues concerning central bank independence in practice. Featuring an opening discussion with Jo...
www.piie.com
October 31, 2025 at 12:56 PM
NOW: Conference on central bank independence in practice discussing evidence, accountability, legal considerations, financial regulation, & more.
Featuring Lawrence H. Summers, John H. Cochrane, Richard H. Clarida, Roger W. Ferguson Jr., Daniel K. Tarullo, & more.
Watch live & full agenda:
Featuring Lawrence H. Summers, John H. Cochrane, Richard H. Clarida, Roger W. Ferguson Jr., Daniel K. Tarullo, & more.
Watch live & full agenda:
It's true that Reagan negotiated limits on imported goods to protect domestic producers of cars & steel from foreign competition. But he would not have embraced Trump’s protectionist trade wars.
By @douglasirwin.bsky.social
By @douglasirwin.bsky.social
Opinion | The Canadians Are Right About Reagan and Free Trade
www.nytimes.com
October 30, 2025 at 10:16 PM
It's true that Reagan negotiated limits on imported goods to protect domestic producers of cars & steel from foreign competition. But he would not have embraced Trump’s protectionist trade wars.
By @douglasirwin.bsky.social
By @douglasirwin.bsky.social
Reposted by Peterson Institute for International Economics
Latest from PIIE's Marcus Noland: US-China fentanyl deal could benefit the economy and save lives www.piie.com/blogs/realti...
US-China fentanyl deal could benefit the economy and save lives
President Donald Trump has announced a reduction in the fentanyl-related US tariff on Chinese imports from 20 percent to 10 percent, bringing the overall average tariff on Chinese goods from 57 to 47 ...
www.piie.com
October 30, 2025 at 6:58 PM
Latest from PIIE's Marcus Noland: US-China fentanyl deal could benefit the economy and save lives www.piie.com/blogs/realti...
The US move to reduce fentanyl-related tariffs on China warrants cautious optimism. More detail is needed, but it should make contributions to both the US economy & public health.
Marcus Noland explains:
Marcus Noland explains:
US-China fentanyl deal could benefit the economy and save lives
President Donald Trump has announced a reduction in the fentanyl-related US tariff on Chinese imports from 20 percent to 10 percent, bringing the overall average tariff on Chinese goods from 57 to 47 ...
www.piie.com
October 30, 2025 at 8:30 PM
The US move to reduce fentanyl-related tariffs on China warrants cautious optimism. More detail is needed, but it should make contributions to both the US economy & public health.
Marcus Noland explains:
Marcus Noland explains:
The shutdown reinforces economists have long argued: Private sector data is valuable but can't replace official stats. Private sources offer speed, specificity, & innovation but cannot match the breadth, representativeness, consistency, transparency, or public commitment of official statistics.
What the government shutdown teaches us about private sector data
The government shutdown provides an unexpected test case for an increasingly urgent question: What would happen if official economic statistics became less useful, whether through declining resources,...
www.piie.com
October 30, 2025 at 7:33 PM
The shutdown reinforces economists have long argued: Private sector data is valuable but can't replace official stats. Private sources offer speed, specificity, & innovation but cannot match the breadth, representativeness, consistency, transparency, or public commitment of official statistics.
Reposted by Peterson Institute for International Economics
Thanks to the shutdown, we didn't get the first estimate of Q3 GDP today. And private-sector data offer no good substitute for official GDP.
The shutdown offers lots of lessons about what private sector data can and can't do.
New at @piie.com : www.piie.com/blogs/realti...
The shutdown offers lots of lessons about what private sector data can and can't do.
New at @piie.com : www.piie.com/blogs/realti...
What the government shutdown teaches us about private sector data
The government shutdown provides an unexpected test case for an increasingly urgent question: What would happen if official economic statistics became less useful, whether through declining resources,...
www.piie.com
October 30, 2025 at 6:09 PM
Thanks to the shutdown, we didn't get the first estimate of Q3 GDP today. And private-sector data offer no good substitute for official GDP.
The shutdown offers lots of lessons about what private sector data can and can't do.
New at @piie.com : www.piie.com/blogs/realti...
The shutdown offers lots of lessons about what private sector data can and can't do.
New at @piie.com : www.piie.com/blogs/realti...
Total real US goods imports from the world sharply increased in early 2025, likely due largely to importers frontloading goods before tariffs took effect. By July 2025, as tariffs were enforced, cumulative US real goods imports were ~10% above January-July 2024 level. #PIIECharts
October 30, 2025 at 4:13 PM
Total real US goods imports from the world sharply increased in early 2025, likely due largely to importers frontloading goods before tariffs took effect. By July 2025, as tariffs were enforced, cumulative US real goods imports were ~10% above January-July 2024 level. #PIIECharts
Japan & Korea's investment in the US being directed by the White House "is totally unprecedented,” says Gary Hufbauer. “It’s a venture into state capitalism. You could say it’s Chinese capitalism with American characteristics.”
How will the U.S. direct trade deal dollars from Japan and South Korea?
There's already a framework in place to prioritize strategic industries like shipbuilding and AI. A group of advisors will make recommendations and President Trump will make the final selection.
www.marketplace.org
October 30, 2025 at 1:57 PM
Japan & Korea's investment in the US being directed by the White House "is totally unprecedented,” says Gary Hufbauer. “It’s a venture into state capitalism. You could say it’s Chinese capitalism with American characteristics.”
Reposted by Peterson Institute for International Economics
PIIE’s Doug Irwin writes: The Canadians Are Right About Reagan and Free Trade www.nytimes.com/2025/10/29/o...
Opinion | The Canadians Are Right About Reagan and Free Trade
www.nytimes.com
October 30, 2025 at 12:39 PM
PIIE’s Doug Irwin writes: The Canadians Are Right About Reagan and Free Trade www.nytimes.com/2025/10/29/o...
Reposted by Peterson Institute for International Economics
Watching this terrific event right now @piie.com.
Good to see some bipartisanship on this important issue.
And the results from today's Senate vote on the Canada tariffs & yesterday's vote on the Brazil tariffs.
www.piie.com/events/2025/...
Good to see some bipartisanship on this important issue.
And the results from today's Senate vote on the Canada tariffs & yesterday's vote on the Brazil tariffs.
www.piie.com/events/2025/...
Congress's role in the trade war: A bipartisan conversation with Senators Kaine and Paul
The Peterson Institute for International Economics hosts a special event featuring Senators Tim Kaine (D-VA) and Rand Paul (R-KY) who discuss the complex legal, political, and constitutional issues fa...
www.piie.com
October 29, 2025 at 10:14 PM
Watching this terrific event right now @piie.com.
Good to see some bipartisanship on this important issue.
And the results from today's Senate vote on the Canada tariffs & yesterday's vote on the Brazil tariffs.
www.piie.com/events/2025/...
Good to see some bipartisanship on this important issue.
And the results from today's Senate vote on the Canada tariffs & yesterday's vote on the Brazil tariffs.
www.piie.com/events/2025/...
NOW: We are pleased to host Senator Tim Kaine & Senator Rand Paul for a bipartisan conversation about tariffs & Congress's role in the trade war.
Watch live: www.piie.com/events/2025/...
Watch live: www.piie.com/events/2025/...
Congress's role in the trade war: A bipartisan conversation with Senators Kaine and Paul
The Peterson Institute for International Economics hosts a special event featuring Senators Tim Kaine (D-VA) and Rand Paul (R-KY) who discuss the complex legal, political, and constitutional issues fa...
www.piie.com
October 29, 2025 at 9:52 PM
NOW: We are pleased to host Senator Tim Kaine & Senator Rand Paul for a bipartisan conversation about tariffs & Congress's role in the trade war.
Watch live: www.piie.com/events/2025/...
Watch live: www.piie.com/events/2025/...
As Trump kicked off his trade war this year, some economists predicted a drop in US goods imports. The US did import less from some, notably China, but imported more from others, such as the EU & Mexico, in January-July 2025, compared with the same period last year. #PIIECharts
October 29, 2025 at 8:34 PM
As Trump kicked off his trade war this year, some economists predicted a drop in US goods imports. The US did import less from some, notably China, but imported more from others, such as the EU & Mexico, in January-July 2025, compared with the same period last year. #PIIECharts