Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration. Note: Data is through Oct. 2025. Source: U.S. International Trade Commission. The New ...

Evidence suggests that businesses facing heightened trade policy uncertainty in industries more exposed to international trade reshore more and automate more than those that are less exposed to trade.

This paper investigates the effects of withholding taxes on cross-border trade in services, using a newly compiled dataset covering the universe of bilateral service imports and withholding tax rates ...

Meeting in Hiroshima, Japan, in May 2023, heads of government from the Group of Seven (G7) advanced democracies declared that they were “more united than ever in our determination to meet the global ...

The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ input costs, resulting in supply-side effects such as higher inflation and ...