Peterson Institute for International Economics

An interceptor drone in Ukraine. Photo taken on March 16, 2026.

Photo Credit: REUTERS/Thomas Peter

Ukraine has forged the defense industry that Europe desperately needs

Elina Ribakova (PIIE) and Lucas Risinger (KSE Institute, Kyiv School of Economics)
via Foreign Affairs

After battling Russia for four years, Ukraine has become Europe's foremost practitioner of drone interception, layered air defense, electronic warfare, and unmanned systems. If Europe is to prepare for modern warfare, it will need to draw on Ukraine's expertise.

Trade Talks Episode 0: Introduction to the Weekly Podcast

Trade Talks

It’s been one year since Trump's "Liberation Day" tariffs (Episode 208)

Chad P. Bown (PIIE) and Aime Williams (Financial Times)

April 1, 2026

A mine operated by Grota do Cirilo in Goiás state, Brazil. Photo taken in April 2023.

REUTERS/Washington Alves

Photo Credit: REUTERS/Washington Alves

RealTime Economics

Geology is not destiny: Brazil must establish an infrastructure to exploit its critical minerals wealth

Monica de Bolle (PIIE)

March 31, 2026

Featured episode: Policy for the Planet

Policy for the Planet

The cost to jobs and public health from the EPA rollbacks (Episode 30)

Monica de Bolle (PIIE) and Jason Walsh (BlueGreen Alliance)

March 31, 2026

A petrochemical refinery company in Qingdao City, Shandong Province, China. Photo taken on July 25, 2025.

NurPhoto/Costfoto

Photo Credit: NurPhoto/Costfoto

Working Papers

Who controls the global petrochemical industry, and how might that change?

Abdullah AlHassan (International Monetary Fund), Luc Leruth (University of Clermont Ferrand), Adnan Mazarei (PIIE), Charles Meuwly (ZENO-Indices), Joseph Moussa (International Monetary Fund) and Pierre Régibeau (Warsaw School of Economics)

March 20, 2026

What's New

The US and EU flags are seen in this illustration.

Europe Is Stuck With America

Jacob Funk Kirkegaard (PIIE)

April 6, 2026

via Foreign Affairs

The remaining walls of an abandoned factory in Pennsylvania in 2016.

Did NAFTA really kill workers?

Gary Clyde Hufbauer (PIIE)

April 6, 2026

A cargo ship carrying containers is seen near the Yantian port in Shenzhen, China.

Global foreign direct investment falters as Asian investment flows rise strongly

Gary Clyde Hufbauer (PIIE) and Ye Zhang (PIIE)

April 5, 2026

via East Asia Forum

An interceptor drone in Ukraine. Photo taken on March 16, 2026.

Europe’s Untapped Arsenal

Elina Ribakova (PIIE) and Lucas Risinger (KSE Institute, Kyiv School of Economics)

April 2, 2026

via Foreign Affairs

PIIE Charts

Trump's tariff revenue tracker: How much is the US collecting? Which imports are hit?

Trump's tariff revenue tracker: How much is the US collecting? Which imports are hit?

Gary Clyde Hufbauer (PIIE) and Ye Zhang (PIIE)

March 24, 2026

The Trump administration wants foreign investment pledges to boost several sectors that Biden targeted (featured)

The Trump administration wants foreign investment pledges to boost several sectors that Biden targeted

Gregory Auclair (PIIE) and Adnan Mazarei (PIIE)

February 11, 2026

Some countries will struggle to fulfill their investment pledges to President Trump

Some countries will struggle to fulfill their investment pledges to President Trump

Gregory Auclair (PIIE) and Adnan Mazarei (PIIE)

January 29, 2026

China’s private-sector rebound continued in 2025, fueled by “new economy” (featured)

China’s private-sector rebound continued in 2025, fueled by “new economy”

Tianlei Huang (PIIE) and Nicolas Véron (PIIE)

January 20, 2026

Global Economic Prospects

Global Economic Prospects: Spring 2026

April 9, 2026, 1:00 PM to 2:00 PM EDT

Karen Dynan (PIIE), Tianlei Huang (PIIE), Jed Kolko (PIIE) and Maurice Obstfeld (PIIE)

Apr

09

PIIE Insider LIVE

Olivier Blanchard on Eurobonds and optimism for Europe's future

April 14, 2026, 11:00 AM to 11:30 AM EDT

Anjali V. Bhatt (PIIE) and Olivier Blanchard (PIIE)

Apr

14

Trade Winds

Trade 360 degrees: Trade Winds LIVE from DC!

April 15, 2026, 9:00 AM to 10:30 AM EDT

Chad P. Bown (PIIE), Mary E. Lovely (PIIE), Cecilia Malmström (PIIE), Mari Elka Pangestu (International Trade and Multilateral Cooperation, Indonesia), Adam S. Posen (PIIE) and Arvind Subramanian (PIIE)

Apr

15

Featured Topics

US Federal Reserve

Patrons exit a supermarket in Florida where consumer prices have soared due to inflation.

The COVID era inflation surge: Causes, consequences, and policy lessons

Karen Dynan (PIIE) and David Wilcox (PIIE)

January 2026

US Federal Reserve Chair Jerome Powell at the Federal Reserve in Washington, DC.

Trump’s Attack on the Fed Is Already Backfiring

Jason Furman (PIIE)

January 12, 2026

via New York Times

US Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the US Federal Reserve in Washington, DC. Picture taken on December 10, 2025.

Donald Trump May Be About to Pick the Least Important Fed Chair in Decades

Jason Furman (PIIE)

December 16, 2025

via New York Times

Tariffs

Highwayman Trump disarmed but not defeated

Marcus Noland (PIIE)

March 23, 2026

via East Asia Forum

US flags flutter in front of shipping containers at the Port of Long Beach in Long Beach, California. Photo taken on July 11, 2025.

Will Trump’s latest gambit to impose his tariffs be upheld by the courts?

Alan Wm. Wolff (PIIE)

March 17, 2026

Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025.

The Trump-China trade wars: Five takeaways from US imports in 2025

Chad P. Bown (PIIE)

March 16, 2026

Inflation

A customer shops at a supermarket in New York as consumer prices surged as inflation hits 40-year high.

The worst inflation outbreak in 40 years: Distilling lessons from the COVID era

Karen Dynan (PIIE) and David Wilcox (PIIE), editors

February 2026

Patrons exit a supermarket in Florida where consumer prices have soared due to inflation.

The COVID era inflation surge: Causes, consequences, and policy lessons

Karen Dynan (PIIE) and David Wilcox (PIIE)

January 2026

People shop at a supermarket in New York ahead of New Year's Eve. Picture taken December 30, 2025.

The risk of higher US inflation in 2026

Peter Orszag (Lazard) and Adam S. Posen (PIIE)

January 20, 2026

China

A visitor places her hands on a "Tangible Earth" at an exhibition pavilion on Japan's northern island of Hokkaido. July 6, 2008.

Are regional pacts the future of world trade?

Gary Clyde Hufbauer (PIIE) and Ye Zhang (PIIE)

March 31, 2026

Smoke rises after reported Iranian missile attacks in Doha, following the US and Israel strikes on Iran. Photo taken on March 1, 2026.

How Russia and China are winning the war in Iran

Elina Ribakova (PIIE) and Alicia García-Herrero (Bruegel; Hong Kong University of Science and Technology)

March 30, 2026

Flags of the US and China are displayed on a printed circuit board with semiconductor chips, in this illustration.

Negotiating a win-win end to the lose-lose US-China trade war over technology and critical minerals

Chad P. Bown (PIIE)

March 2026

In The News

Martin Chorzempa

Trump-Xi Agenda to Be Shaped as Negotiators Meet in Paris

via Bloomberg

feat. Martin Chorzempa

Elina Ribakova

As Iran War Pushes Up Oil Prices, Putin Can Barely Conceal a Smirk

via Wall Street Journal

feat. Elina Ribakova

Michael Clemens (featured)

Trump’s Immigration Policies Are Making Us Poorer—and Sicker

via New Republic

feat. Michael A. Clemens

Maurice Obstfeld

Iran war reawakens global inflation fears

via Financial Times

feat. Maurice Obstfeld

Resources

Trump's tariff revenue tracker: How much is the US collecting? Which imports are hit?

PIIE Chart

Title
Trump's tariff revenue tracker: How much is the US collecting? Which imports are hit?

US-China Trade War Tariffs: An Up-to-Date Chart

PIIE Chart

Title
US-China Trade War Tariffs: An Up-to-Date Chart

Trump's trade war timeline 2.0: An up-to-date guide (featured)

RealTime Economics

Title
Trump's trade war timeline 2.0: An up-to-date guide

Pixel-Shot/Adobe Stock/stock.adobe.com

Microsite

Title
The future of the USMCA

What Is Globalization?

Microsite

Title
What Is Globalization?

Globalization has helped raise incomes almost everywhere since the 1980s

PIIE Chart

Title
Globalization has helped raise incomes almost everywhere since the 1980s