Peterson Institute for International Economics

Congress's role in the trade war: A bipartisan conversation with Senators Kaine and Paul

PIIE is pleased to be hosting a special event on October 29, featuring Senators Tim Kaine (D-VA) and Rand Paul (R-KY), who will discuss the complex legal, political, and constitutional issues facing Congress in response to President Donald Trump's imposition of tariffs on US trading partners. PIIE's Chad P. Bown will moderate.

People walk by a store selling snacks in Buenos Aires, Argentina. Picture taken in December 2024.

REUTERS/Tomas Cuesta

Photo Credit: REUTERS/Tomas Cuesta

RealTime Economics

Argentina's credibility trap

Maurice Obstfeld (PIIE)

October 23, 2025

Commuters walk through one of Washington DC's metro stations. Picture taken January 28, 2019.

REUTERS/Joshua Roberts

Photo Credit: REUTERS/Joshua Roberts

RealTime Economics

BLS investigation: Challenges? Yes. Rigged data? No.

David Wilcox (PIIE)

October 23, 2025

A general view of a port with shipping containers following President Donald Trump's announcement imposing tariffs on imported goods from dozens of countries. Picture taken on July 8, 2025.

REUTERS/Athit Perawongmetha

Photo Credit: REUTERS/Athit Perawongmetha

RealTime Economics

Despite tariffs, US merchandise imports increased and exports held steady in the first half of 2025

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

October 20, 2025

A US flag and H-1B Visa application form are seen in this photo illustration, taken on September 22, 2025.

REUTERS/Dado Ruvic/Illustration

Photo Credit: REUTERS/Dado Ruvic/Illustration

RealTime Economics

New US curb on high-skill immigrant workers ignores evidence of its likely harms

Michael A. Clemens (PIIE)

September 22, 2025

What's New

A European Union flag flutters in Brussels, Belgium. February 1, 2023

Reflections of a proponent of open economies, European integration, and a green economy

Jean Pisani-Ferry (PIIE)

September 4, 2025

BLS investigation: Challenges? Yes. Rigged data? No.

David Wilcox (PIIE)

October 23, 2025

Argentina's credibility trap

Maurice Obstfeld (PIIE)

October 23, 2025

A French fighter aircraft Rafale M, takes part in a practice session on an aircraft carrier at the Landivisiau Navy Air Base in Saint-Servais, Brittany, France. May 7, 2025.

If France gets a bailout, will it sacrifice its nuclear force?

Jacob Funk Kirkegaard (PIIE)

October 22, 2025

PIIE Charts

Most large, advanced economies face slower GDP growth next year, while China and India withstand tariff drag

Karen Dynan (PIIE)

October 14, 2025

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

Chad P. Bown (PIIE)

September 25, 2025

Erosion of Fed independence would slow US economic growth and boost inflation over time

Warwick J. McKibbin (PIIE; Australian National University), Megan Hogan (PIIE) and Marcus Noland (PIIE)

September 24, 2025

Slowing immigration has halted job growth in some industries

Jed Kolko (PIIE)

September 9, 2025

Congress's role in the trade war: A bipartisan conversation with Senators Kaine and Paul

October 29, 2025, 5:30 PM to 6:15 PM EDT

Chad P. Bown (PIIE), Tim Kaine (US Senate), Rand Paul (US Senate) and Adam S. Posen (PIIE)

Oct

Central bank independence in practice

October 31, 2025, 8:45 AM to 4:15 PM EDT

Opening Discussion: John H. Cochrane (Hoover Institution) and Lawrence H. Summers (Harvard University)

Oct

Book Release: A Sixth of Humanity: Independent India's Development Odyssey

November 5, 2025, 12:30 PM to 1:30 PM EST

Caroline Atkinson (RockCreek; PIIE Executive Committee), Simon Johnson (MIT Sloan School of Management), Devesh Kapur (Johns Hopkins University School of Advanced International Studies) and Arvind Subramanian (PIIE)

Nov

USMCA

Trucks wait for border customs control before crossing into the US from the Cordova-Americas border in Ciudad Juarez, Mexico.

Trump's threatened tariffs projected to damage economies of US, Canada, Mexico, and China

Warwick J. McKibbin (PIIE; Australian National University) and Marcus Noland (PIIE)

January 17, 2025

A customer counts his cash at the register in Flushing, New York

No trade tax is free: Trump’s promised tariffs will hit large flows of electronics, machinery, autos, and chemicals

Julieta Contreras (PIIE), Mary E. Lovely (PIIE) and Jing Yan (PIIE)

December 12, 2024

Carrier trailers que at the border waiting for customs control to cross into the US, at the Otay border crossing in Tijuana, Mexico.

Restricting imports of Mexican vehicles will harm US manufacturers

Julieta Contreras (PIIE)

December 4, 2024

Tariffs

A view down Pennsylvania Avenue toward the US Capitol in Washington, DC. Picture taken on May 28, 2025.

Trump’s tariffs as fiscal folly

Kimberly Clausing (PIIE) and Maurice Obstfeld (PIIE)

October 20, 2025

via VoxEU

Despite tariffs, US merchandise imports increased and exports held steady in the first half of 2025

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

October 20, 2025

A view of the US Supreme Court building in Washington, U.S., June 17, 2024.

What should guide the Supreme Court’s decision on Trump’s tariffs?

Alan Wm. Wolff (PIIE)

October 7, 2025

Argentina

Argentina's credibility trap

Maurice Obstfeld (PIIE)

October 23, 2025

Argentine peso and US dollar bills are shown in this photo illustration. Picture taken October 17, 2022.

Will Argentina become Trump's financial quagmire?

Monica de Bolle (PIIE)

October 16, 2025

A customer counts Argentine peso bills in Buenos Aires, Argentina. Picture taken on January 13, 2025.

America's Argentina rescue won’t save the peso for long

Maurice Obstfeld (PIIE)

October 6, 2025

China

How China collateralizes

Anna Gelpern (PIIE), Omar Haddad (Oxford University), Sebastian Horn (University of Hamburg, Kiel Institute for the World Economy), Paulina Kintzinger (Kiel Institute for the World Economy), Bradley C. Parks (AidData, William & Mary) and Christoph Trebesch (Kiel University, Kiel Institute for the World Economy)

September 2025