: People take a look at a container ship entering Newark bay to dock in Elizabeth port as seen from Bayonne, New Jersey, U.S., May 20, 2021
Image Source: 
REUTERS/Eduardo Munoz
Featured

Yes, US trade agreements led to economic gains, especially in services, new report says

Katheryn (Kadee) Russ (PIIE)

A new report from the United States International Trade Commission (USITC) concluded free trade agreements contributed an additional half a percent to US GDP and created almost half a million jobs. These substantial gains tell only part of the story, and the full economic benefits may be even greater.

The Peterson Institute for International Economics building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages.

Photo Credit: 
REUTERS/Eduardo Munoz

Featured

PIIE Chart

US-China phase one tracker: China’s purchases of US goods

Chad P. Bown (PIIE)

June 29, 2021

Microsite

How to Fix Economic Inequality?

Peterson Institute
November 17, 2020
Trade and Investment Policy Watch

Trump’s Trade War Timeline: An Up-to-Date Guide

Chad P. Bown (PIIE) and Melina Kolb (PIIE)

May 17, 2021
Get PIIE Updates

PIIE Recommends

The U.S. International Trade Commission building is seen in Washington, D.C., U.S., August 31, 2020.
REUTERS/Andrew Kelly
Trade and Investment Policy Watch

How a US trade agency blundered in evaluating trade agreements

Gary Clyde Hufbauer (PIIE)
July 16, 2021
An associate is reflected in a 300-millimeter wafer in the clean room at a semiconductor factory. Picture taken on June 71, 2021.
Robert Michael/dpa-Zentralbild/dpa
Op-Eds

The missing chips: How to protect the semiconductor supply chain

Chad P. Bown (PIIE)
July 6, 2021
via Foreign Affairs
People seeking employment speak to recruiters at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds.
Paul Hennessy/SOPA Images/Sipa USA
RealTime Economic Issues Watch

Pace of US job growth picks up as signs point to tight labor market

Jason Furman (PIIE) and Wilson Powell III (Harvard Kennedy School)
July 2, 2021
Honeywell manufacturing workers create protective face masks on an assembly line for the coronavirus disease (COVID-19) outbreak in Phoenix, Arizona, U.S., May 5, 2020.
REUTERS/Tom Brenner
Working Paper

How COVID-19 medical supply shortages led to extraordinary trade and industrial policy

Chad P. Bown (PIIE)
July 2021
The Chinese national flag is pictured on a boat crossing the Yangtze River in Wuhan, Hubei province, China May 2, 2021.
REUTERS/Tingshu Wang
Policy Brief

Can China blunt the impact of new US economic sanctions?

Mary E. Lovely (PIIE) and Jeffrey J. Schott (PIIE)
June 2021
A farmer picks cotton on a farm on the outskirts of Hami, Xinjiang Uighur Autonomous Region November 3, 2010. U.S. retailers told to target forced labor in China after cotton import crackdown.
REUTERS/Stringer
Policy Brief

Assessing potential economic policy responses to genocide in Xinjiang

Cullen S. Hendrix (PIIE) and Marcus Noland (PIIE)
June 2021
People wait seated to receive a dose of AstraZeneca coronavirus disease (COVID-19) vaccine at Municipal Gymnasium in Linares Mexico February 17, 2021.
REUTERS/Daniel Becerril
PIIE Briefing

Economic Policy for a Pandemic Age: How the World Must Prepare

Monica de Bolle (PIIE), Maurice Obstfeld (PIIE) and Adam S. Posen (PIIE), editors
April 2021
Rebuilding the Global Economy

Microsite

Rebuilding the Global Economy

Adam S. Posen (PIIE)
October 20, 2020

From Our Experts

Adam S. Posen

Adam S. Posen

President
The case against nostalgia in economic policymaking
The price of American economic nostalgia
Can global trade cooperation be revived in 2021?
Alan Wm. Wolff

Alan Wm. Wolff

Distinguished Visiting Fellow
The World Economic Order – Building the WTO Back Better
Africa and the AfCFTA in the World Trading System
Remarks to the American Chemical Council on the WTO
Steven R. Weisman

Steven R. Weisman

Vice President for Publications and Communications
John Williamson (1937-2021): A Trailblazer and Cherished Colleague
A Wary Partnership: Future of US-India Economic Relations
Can Pragmatic, Farsighted Leaders Really Solve the World’s Crises?

PIIE Blogs

Britain's Chancellor of the Exchequer Rishi Sunak speaks at a meeting of finance ministers from across the G7 nations ahead of the G7 leaders' summit, at Lancaster House in London, Britain June 4, 2021.
Stefan Rousseau/PA Wire/Pool via REUTERS
RealTime Economic Issues Watch

How can international institutions support the G7 tax proposals?

Simeon Djankov (PIIE) and Gary Clyde Hufbauer (PIIE)
July 7, 2021
China Economic Watch

Foreign investments into China are accelerating despite global economic tensions and restrictions

Nicholas R. Lardy (PIIE)
July 22, 2021
Trade and Investment Policy Watch

India's trade reforms 30 years later: Great start but stalling

Douglas A. Irwin (PIIE)

July 22, 2021

Events

Financial Statements - Featured
Past Event

Challenges of the low interest rate era

Nicolas Véron (PIIE), Isabel Schnabel (European Central Bank) and Maurice Obstfeld (PIIE)

July 14, 2021
A protracted period of low interest rates and low inflation has transformed how policymakers think about the interactions between monetary policy and price and financial stability. As a result, central banks have started reviewing the way they should conduct monetary policy in an environment of low...
Upcoming Streaming Event

Africa's evolving banking landscape

Nicolas Véron (PIIE), Elsie Addo Awadzi (Bank of Ghana) and Amadou Sy (International Monetary Fund)

July 28, 2021

PIIE Charts

How a global minimum tax would deter profit shifting and one way it would not

How a global minimum tax would deter profit shifting and one way it would not

Simeon Djankov (PIIE)
July 23, 2021

Multimedia

Trade Talks Episode 0: Introduction to the Weekly Podcast
Trade Talks

Episode 155: How trade can break up with paper (it involves blockchain)

Featuring Soumaya Keynes (The Economist) and Chad P. Bown (PIIE)
June 27, 2021
Mary E. Lovely
Short Videos

Conscious uncoupling? The future of US-China relations

Featuring Mary E. Lovely (PIIE)
May 7, 2021
Adam S. Posen
Short Videos

The case against nostalgia in economic policymaking

Featuring Adam S. Posen (PIIE)
April 29, 2021
US Federal Reserve Building, Washington, DC
PIIE/Jeremey Tripp
Short Videos

NEC Webinar: Inflation Fears and the Biden Stimulus: Look to the Korean War, Not Vietnam

Featuring Joseph E. Gagnon (PIIE)
April 1, 2021
Adam S. Posen
Short Videos

Adam S. Posen on the price of America’s economic retreat

Featuring Adam S. Posen (PIIE)
April 20, 2021
Trade Talks Episode 0: Introduction to the Weekly Podcast
Trade Talks

Episode 152: The murky world of export restrictions for COVID-19 vaccines

Featuring Soumaya Keynes (The Economist) and Chad P. Bown (PIIE)
March 21, 2021
Rebuilding the Global Economy
Past Event

Rebuilding the Global Economy: Role of the White House

Jason Furman (PIIE), Karen Dynan (PIIE), Douglas A. Irwin (PIIE) and Nicholas R. Lardy (PIIE)
October 26, 2020 9:00 AM to 10:00 AM

Highlighted PIIE Topics

ChinaEuropean UnionUnited KingdomUS-China Trade WarTrade DeficitTrade PolicyTaxesCurrency ManipulationCoronavirusEconomic OutlookGlobalizationInequalityLabor


Bookstore

Facing Up to Low Productivity Growth

Facing Up to Low Productivity Growth

Edited by Adam S. Posen (PIIE) and Jeromin Zettelmeyer (PIIE)

February 2019
The State Strikes Back: The End of Economic Reform in China?

The State Strikes Back: The End of Economic Reform in China?

Nicholas R. Lardy (PIIE)

January 2019