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Ten CFR experts break down what the president’s trade agenda has accomplished since he placed a ninety-day pause on his expansive “Liberation Day” tariffs.
Centers & Programs
Greenberg Center for Geoeconomic Studies
The Greenberg Center for Geoeconomic Studies works to promote a better understanding of how economic and geopolitical forces interact to shape the world.
2.1% Increase of U.S. GDP in 2022
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The IMF marked its assessment of external imbalances to market, but its model and approach still struggle to get China right.
President Donald Trump has launched a wave of Section 232 tariffs and investigations, seeking to protect U.S. national security. These nine graphics show the scale and structure of U.S. reliance on foreign suppliers for products ranging from cars to copper.
Wednesday’s consumer inflation report showed a four-month high of 2.7 percent. A deeper dive into the data suggests that stagflation is an increasingly likely probability as tariff costs are passed onto consumers.
Greenberg Center for Geoeconomic Studies
No country can successfully manage 21st-century challenges alone. What is missing is a coherent and effective multilateral economic security architecture.
Matthew P. Goodman, Director of the Greenberg Center for Geoeconomic Studies and Director of the RealEcon Initiative at the Council on Foreign Relations, testified on May 14, 2025, before the House F…
With less than 80 days until the U.S. International Development Finance Corporation (DFC) runs out of legal authority to operate, the Trump Administration has now provided Congress its reauthorizatio…
Trump’s tariffs have done little to reduce foreign barriers and create “fair and reciprocal” trade.
As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.
CFR experts discuss the recent court rulings on the legality of the Trump administration’s sweeping tariffs, and analyze the implications for U.S. trade policy, the impact on global markets, and the legal challenges ahead.
This meeting is presented by RealEcon: Reimagining American Economic Leadership, a CFR initiative of the Maurice R. Greenberg Center for Geoeconomic Studies.
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The CFR Global Inflation Tracker allows you to gauge trends in prices across the world over time.
Leaders of the world’s seven major industrial democracies will strive for a united front on tackling some of the world’s toughest economic and security challenges. Job one will be to avoid a rupture over trade.
Greenberg Center for Geoeconomic Studies
Although fossil fuel phase-outs are critical to achieving global climate goals, protections granted through Investor-State Dispute Settlement (ISDS) provisions to foreign-owned coal operations expose governments to costly litigation, threatening to thwart state action.
CFR experts provide insights and context around President Donald Trump’s recent enactment of tariffs, global reactions, and what his plans mean for the future of the global economy.
This interactive map tracks China’s growing maritime influence through investments in strategic overseas ports. Users can plot the location of each port and view satellite images alongside detailed information on the share of Chinese ownership, the total amount of Chinese investment, and the port’s suitability for use by the Chinese military.
Program Experts
Center Director
Matthew P. GoodmanDistinguished Fellow, Director of the Greenberg Center for Geoeconomic Studies, and Director of the CFR RealEcon Initiative
Bloomberg Chair in Global Health; Senior Fellow for International Economics, Law, and Development; and Director of the Global Health Program
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Trade and tariffs are a central part of President Donald Trump’s international economic policy. Stay up to date with the Council on Foreign Relation’s calendar of significant trade-related events.
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Greenberg Center for Geoeconomic Studies
The Trump administration’s recent trade deals with Japan and the EU raise tariffs on the two large trade partners dramatically, relative to their pre-April levels. Although levying tariffs is a C… -
Greenberg Center for Geoeconomic Studies
No country can successfully manage 21st-century challenges alone. What is missing is a coherent and effective multilateral economic security architecture. -
President Donald Trump has launched a wave of Section 232 tariffs and investigations, seeking to protect U.S. national security. These nine graphics show the scale and structure of U.S. reliance on foreign suppliers for products ranging from cars to copper.
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Editor's note: This article was originally published on May 22, 2025, and revised to reflect developments through June 3, 2025. It does not reflect developments after June 3. When Indian Prime M…
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Greenberg Center for Geoeconomic Studies
Although fossil fuel phase-outs are critical to achieving global climate goals, protections granted through Investor-State Dispute Settlement (ISDS) provisions to foreign-owned coal operations expose governments to costly litigation, threatening to thwart state action. -
CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the world to highlight significant global trends in monetary policy. Who is tightening policy? Who is loosening policy? And what is the policy stance of the world as a whole?
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The Trump administration initially expected to conclude multiple trade deals by the end of the 90-day pause but found that trade negotiations take time.