Peterson Institute for International Economics

A person walks through a hall at a communications industry expo in Spain.

REUTERS/Albert Gea

Photo Credit: REUTERS/Albert Gea

Industrial policy through the CHIPS and Science Act

Gary Clyde Hufbauer (PIIE) and Megan Hogan (Former PIIE)

The 2022 CHIPS Act appears likely to sharply boost the production of advanced semiconductors in the US, reducing the risk of future shortages but leaving America reliant on imported chips. The jobs created will come at notable costs.

A person holds a South Korean flag in front of the National Assembly in Seoul, South Korea. Picture taken on December 6, 2024.

REUTERS/Kim Hong-ji

Photo Credit: REUTERS/Kim Hong-ji

RealTime Economics

Korea's economy faces looming challenges amid political turmoil

Yeo Han-koo (PIIE)

January 16, 2025

Structures continue to burn in the Pacific Palisades neighborhood after a wildfire broke out in Los Angeles County. USA TODAY NETWORK via Reuters Connect

USA TODAY NETWORK via Reuters Connect

Photo Credit: USA TODAY NETWORK via Reuters Connect

RealTime Economics

LA fires show the growing security threat of climate change

Cullen S. Hendrix (PIIE)

January 15, 2025

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

REUTERS/Jessica Rinaldi

Photo Credit: REUTERS/Jessica Rinaldi

RealTime Economics

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

Featured episode: Policy for the Planet

Policy for the Planet

What sparked Europe's green transition? (Episode 7)

Monica de Bolle (PIIE) and Jacob Funk Kirkegaard (PIIE)

January 7, 2025

Transatlantic perspectives on US-China geoeconomic competition

January 29, 2025, 9:00 AM to 12:15 PM EST

Conference jointly organized by the Peterson Institute for International Economics and the Centre for Security, Diplomacy, and Strategy at the Vrije Universiteit Brussel

Jan

29

Featured Topics

China

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

People visit the sales exhibition of Home Ownership Scheme at Lok Fu Housing Authority Customer Service Centre.

How China’s Property Slump Is Menacing Its Economy

Tianlei Huang (PIIE)

December 1, 2024

via Global Asia

A worker inspects a guitar at a musical instrument manufacturing plant in China. Picture taken on January 4, 2024.

The way the music died: Tariffs could hit musical instrument imports

Cullen S. Hendrix (PIIE)

December 18, 2024

Climate Change

Structures continue to burn in the Pacific Palisades neighborhood after a wildfire broke out in Los Angeles County. USA TODAY NETWORK via Reuters Connect

LA fires show the growing security threat of climate change

Cullen S. Hendrix (PIIE)

January 15, 2025

A special crane is used to lift the pre-assembled propeller to the nacelle of a wind turbine in Hoort, Germany. Picture taken March 31, 2020.

The transition to carbon neutrality: An unusual type of structural reform

Jean Pisani-Ferry (PIIE)

August 22, 2024

People protest against the expansion of London's Ultra Low Emissions Zone in London, Britain, August 26, 2023.

The Populist Revolt Against Climate Policy

Robert Z. Lawrence (PIIE)

July 25, 2024

via Foreign Affairs

Protectionism

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 worker inspects a guitar at a musical instrument manufacturing plant in China. Picture taken on January 4, 2024.

The way the music died: Tariffs could hit musical instrument imports

Cullen S. Hendrix (PIIE)

December 18, 2024

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

Election 2024: Assessing presidential economic platforms

People walk at the main shopping area in Shanghai, China, March 14, 2023.

The Economic Implications for Asia of the Trump Program

Marcus Noland (PIIE)

November 1, 2024

via Asia Pacific Bulletin, East-West Center

Employees work on an assembly line at a factory in Normal, Illinois, US April 11, 2022.

Donald Trump’s Tariffs Would Hurt US Workers and Businesses

Maurice Obstfeld (PIIE)

October 22, 2024

via Project Syndicate

Republican presidential nominee and former US President Donald Trump speaks at the Economic Club of Chicago in Chicago, Illinois, October 15, 2024.

Underestimating Trump on tariffs

Alan Wm. Wolff (PIIE)

October 21, 2024

In The News

Marcus Noland

Trump's deportations could shake up the restaurant industry

via Reuters

feat. Marcus Noland

Mary Lovely

Trump's tariff plans spark concerns over consumer costs

via Spectrum News

feat. Mary E. Lovely

Joseph E. Gagnon

Consumers think inflation will slow ... eventually

via Marketplace

feat. Joseph E. Gagnon

Monica de Bolle

Why Argentina's Javier Milei has the attention of Trump advisors

via On Point

feat. Monica de Bolle

Resources

What is inflation and how can policymakers control it? (Featured)

Short Videos

What is inflation and how can policymakers control it?

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

PIIE Chart

Title

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

Asylum seekers cross the border with Mexico in San Diego, California. Picture taken on November 28, 2023.

Reuters Connect/Qian Weizhong

RealTime Economics

Title

Trump vs. Biden on immigration: A side-by-side policy comparison

Photo Credit: Reuters Connect/Qian Weizhong

How to Fix Economic Inequality?

Microsite

Title

How to Fix Economic Inequality?

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