Peterson Institute for International Economics

A person carries a box with documents as Supreme Court justices are set to hear oral arguments in the consolidated cases of Learning Resources, Inc. v. Trump and Trump v. V.O.S. Selections, at the US Supreme Court in Washington, DC. Picture taken on November 5, 2025.

Photo Credit: REUTERS/Nathan Howard

Trump’s Blanket Tariffs Are a Bridge Too Far

The Supreme Court should not defer to President Donald Trump on his use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs, Douglas A. Irwin and Alan Wm. Wolff write in the Wall Street Journal.

Event

Adam Posen on the economy one year after the US election

Anjali V. Bhatt (PIIE) and Adam S. Posen (PIIE)

November 7, 2025

Event

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

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

October 29, 2025

eople react during the Fourth Annual National Fentanyl Prevention and Awareness Day event in Times Square, New York City on August 21, 2025

REUTERS/Jeenah Moon

Photo Credit: REUTERS/Jeenah Moon

RealTime Economics

US-China fentanyl deal could benefit the economy and save lives

Marcus Noland (PIIE)

October 30, 2025

The Capitol Building is pictured on the eleventh day of the US federal government shutdown, which is impacting economic data both publicly and privately. Picture taken in Washington, DC on October 11, 2025.

NurPhoto/Aashish Kiphayet

Photo Credit: NurPhoto/Aashish Kiphayet

RealTime Economics

What the government shutdown teaches us about private sector data

Jed Kolko (PIIE)

October 30, 2025

What's New

The flags of the European Union and China are displayed on phone screens in this photo illustration. Photo taken on April 12, 2023.

The Case for a European-Chinese Green Pact

Jean Pisani-Ferry (PIIE) and Beatrice Weder di Mauro (Centre for Economic Policy Research)

November 7, 2025

via Project Syndicate

The European Union is forging a new strategic alliance with Latin America

Cecilia Malmström (PIIE)

November 6, 2025

Trump’s Blanket Tariffs Are a Bridge Too Far

Douglas A. Irwin (PIIE) and Alan Wm. Wolff (PIIE)

November 4, 2025

via Wall Street Journal

International trade policy in a disrupted world

Alan Wm. Wolff (PIIE)

November 4, 2025

PIIE Charts

The US imported a larger amount of goods in the first half of 2025, but less from China and more from the EU and Mexico

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

October 29, 2025

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

What Now, Europe?

The “Brussels effect” in a fragmenting world

November 13, 2025, 9:00 AM to 9:45 AM EST

Nicolas Véron (PIIE) and Anu Bradford (Columbia Law School)

Nov

Trade Winds

Thank you for the music! What are tariffs doing to the music industry?

November 19, 2025, 9:00 AM to 10:00 AM EST

Cecilia Malmström (PIIE), Cullen S. Hendrix (PIIE), John Mlynczak (National Association of Music Merchants) and Julie Robbins (EarthQuaker Devices)

Nov

PIIE Insider LIVE

The US-China AI race

November 20, 2025, 11:00 AM to 11:30 AM EST

Anjali V. Bhatt (PIIE) and Martin Chorzempa (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

Trump’s Blanket Tariffs Are a Bridge Too Far

Douglas A. Irwin (PIIE) and Alan Wm. Wolff (PIIE)

November 4, 2025

via Wall Street Journal

People walk past the US Supreme Court building, where oral arguments are scheduled for November 5, challenging President Trump's authority to impose certain tariffs using the International Emergency Economic Powers Act. Picture taken on October 6, 2025.

How unprecedented are Trump's "emergency tariffs"?

Alan Wm. Wolff (PIIE)

October 28, 2025

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

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

US-China fentanyl deal could benefit the economy and save lives

Marcus Noland (PIIE)

October 30, 2025

A general view of the US Commerce Department building, in Washington, DC. Picture taken on July 8, 2025.

A new export rule escalates US-China tensions

Martin Chorzempa (PIIE)

October 27, 2025

A Chinese national flag flutters at the headquarters of a commercial bank in central Beijing, 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