Peterson Institute for International Economics

A truck carries raw Lithium at Sandawana Mines in Mberengwa, Zimbabwe, November 19, 2025.

Photo Credit: Matrix Images /Stringer

Strengthening Project Vault: The US plan to stockpile critical minerals

The US government launched Project Vault, a $12 billion public-private initiative to stockpile critical minerals, to prevent supply disruptions that could seriously harm the economy and national security. But Vault's structure could use several important modifications.

Event

How to Win a Trade War: Book launch and discussion with Bown and Keynes

Chad P. Bown (PIIE), Soumaya Keynes (Financial Times), Greg Ip (Wall Street Journal) and Inu Manak (Council on Foreign Relations)

May 20, 2026

Chinese national flags flutter near shipping containers at the Yangshan Port outside Shanghai, China. Photo taken on February 7, 2025.

REUTERS/Go Nakamura

Photo Credit: REUTERS/Go Nakamura

Working Papers

China's mercantilist squeeze on developing countries

Shoumitro Chatterjee (Johns Hopkins University) and Arvind Subramanian (PIIE)

May 11, 2026

An AI sign is seen at the World Artificial Intelligence Conference in China. Photo taken on July 6, 2023.

REUTERS/Aly Song

Photo Credit: REUTERS/Aly Song

Policy Briefs

Where is AI in GDP statistics?

Anton Korinek (PIIE) and Patrick McKelvey (Bank of Canada)

May 13, 2026

Euro banknotes are seen in this photo illustration, taken on January 26, 2026.

NurPhoto/Jakub Porzycki

Photo Credit: NurPhoto/Jakub Porzycki

RealTime Economics

Eurobonds: Despite objections, they are more needed than ever

Olivier Blanchard (PIIE) and Ángel Ubide (Citadel)

May 7, 2026

What's New

A piano is being played at a music store in Wisconsin.

Tariffs slashed US musical instrument imports, but to what end?

Cullen S. Hendrix (PIIE)

May 26, 2026

How to Win a Trade War, with friends (Episode 216)

Chad P. Bown (PIIE) and Soumaya Keynes (The Economist)

May 26, 2026

Strengthening Project Vault: The US plan to stockpile critical minerals

Cullen S. Hendrix (PIIE)

May 2026

Why a scandal in Brazil may be good news for EU-Mercosur

Monica de Bolle (PIIE)

May 21, 2026

PIIE Charts

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

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

May 11, 2026

War, uncertainty slow 2026 growth across advanced and emerging economies

Karen Dynan (PIIE)

April 9, 2026

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

Gregory Auclair (PIIE) and Adnan Mazarei (PIIE)

January 29, 2026

What Now, Europe?

What does it mean to be "European" today?

May 28, 2026, 9:00 AM to 9:45 AM EDT

Nicolas Véron (PIIE) and Juliet Johnson (McGill University)

May

PIIE Insider LIVE

All things US trade with Jeffrey J. Schott

June 9, 2026, 11:00 AM to 11:30 AM EDT

Anjali V. Bhatt (PIIE) and Jeffrey J. Schott (PIIE)

Jun

The Florence Report: A new agenda for Europe

June 11, 2026, 8:30 AM to 9:30 AM EDT

Adam S. Posen (PIIE), Marco Buti (European University Institute), Giancarlo Corsetti (European University Institute), Jeffry Frieden (Columbia University), Harold James (Princeton University) and Beatrice Weder di Mauro (Centre for Economic Policy Research; Geneva Graduate Institute)

Jun