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.

Trade Talks

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

Chad P. Bown (PIIE), Soumaya Keynes (Financial Times), and Bill Reinsch and Scott Miller (The Trade Guys)

May 26, 2026

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

Dan Powers/USA TODAY NETWORK

Photo Credit: Dan Powers/USA TODAY NETWORK

RealTime Economics

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

Cullen S. Hendrix (PIIE)

May 26, 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

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

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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

What's New

Stacked shipping containers are shown at the port of Los Angeles in Long Beach, California. Photo taken on March 10, 2026.

Will Trump's third attempt to impose tariffs survive in the courts?

Alan Wm. Wolff (PIIE)

May 29, 2026

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

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)

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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

Trade Winds

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June 10, 2026, 9:00 AM to 10:00 AM EDT

Cecilia Malmström (PIIE), Kellie Meiman Hock (McLarty Associates) and Jeffrey J. Schott (PIIE)

Jun

The Florence Report: An agenda for Europe

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

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

Jun