Trade & Tariffs

The global trading system is being reshaped. From the aftermath of the COVID-19 pandemic to trade wars, the traditional rules-based trading order is under more pressure than at any time in a century. Trade policy is now at the center of global economics and national security.


Trump Tariff Tracker

The second Trump administration has embarked on a novel and aggressive tariff policy to address a range of economic and national security concerns. This tracker monitors the evolution of these tariffs and provides expert context on the economic conditions driving their creation—along with their real-world impact.

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New Atlanticist

Jun 26, 2019

US-China trade war: The issues ahead of the Trump-Xi meeting

By Robert Hormats

Perhaps the best we can hope for would be agreement on a few items as a show of progress and good faith, and a commitment not to take further adverse actions against one another for a designated period of time while negotiations continue.

China Economy & Business

New Atlanticist

Jun 25, 2019

How the US-China trade war could impact US-EU negotiations and the WTO

By Robert Hormats

The full scope and depth of the impact of a prolonged US-China trade war have yet to be fully understood. This is economic terra incognita.

China Economy & Business

New Atlanticist

Jun 25, 2019

The global implications of an all-out trade war

By Robert Hormats

An all-out trade war between the United States and China will slow growth not only in these two countries, but also in countries that sell substantial amounts of goods in both markets—which means most countries in the world.

China Economy & Business

New Atlanticist

Jun 24, 2019

US-China trade war: The dangers of disruption

By Robert Hormats

Both the United States and China are already imposing, or considering imposing, restrictions on imports from each other of advanced high-technology products. In the process, they would be aiming at making their economies and companies less dependent on the other’s supplies of such technologies.  

China Economy & Business

New Atlanticist

Jun 21, 2019

Whom do tariffs actually hurt?

By Robert Hormats

If these patterns remain the same in the future, and current US tariffs are raised, as planned,  from the current 10 percent to 25 percent on $200-billion worth of Chinese goods, that would be equivalent to a tax increase on Americans of $20 billion.

China Economy & Business

New Atlanticist

Jun 20, 2019

The US-China trade wars

By Robert Hormats

At their core, the issues between the world’s two largest economies and military powers are about aspirations, drives, and policies for preeminence.

China Economy & Business

New Atlanticist

Jun 20, 2019

Avoiding tariff escalation and making the transatlantic economy stronger

By Antonio de Lecea

US exports and jobs can increase if the United States and the EU eliminate current tariffs on industrial goods and reduce the compliance costs of exporting across the Atlantic.

Economy & Business European Union

New Atlanticist

Jun 18, 2019

Can Xi’s visit to North Korea facilitate US-China trade talks?

By Ashish Kumar Sen

Chinese President Xi Jinping’s first state visit to North Korea this week will underscore Beijing’s clout in Pyongyang and, by doing so, Xi may be looking to re-energize a US effort to denuclearize the Korean Peninsula and gain leverage in stalled US-China trade negotiations.

China Korea

New Atlanticist

Jun 14, 2019

What is wrong with the WTO?

By David A. Wemer

The World Trade Organization (WTO), the largest multilateral trade organization and the foundation of the global trading system, has increasingly drawn the ire of the United States and other countries that view the organization as outdated and complacent as other countries skirt the rules to get ahead.

Economy & Business International Organizations

New Atlanticist

Jun 12, 2019

US senators warn against tariffs on Mexico

By David A. Wemer

The migrant flow from Central America to the United States is a serious problem that needs to be addressed, but cannot be solved through the use of tariffs, two US senators said at the Atlantic Council on June 12.

Central America Economy & Business

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