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April 17, 2024

RealEcon
Onshoring Semiconductor Production: National Security Versus Economic Efficiency

Policymakers are increasingly concerned by the U.S.’s dependence on Taiwanese semiconductors. Is onshoring their production to the U.S.—a goal of the CHIPS and Science Act—a practical path forward? 

A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.

April 1, 2024

RealEcon
Policymaking Is All About Trade-Offs

In crafting a new international economic policy that works for Americans and advances U.S. interests, policymakers will have to weigh multiple trade-offs.

San Diego, California, USA - October 8, 2015: British Airways Boeing 777 flying over crowded freeway to land at Lindberg Field San Diego International Airport.

December 12, 2022

Economics
Biden’s ‘America First’ Economic Policy Threatens Rift With Europe

Europeans consider vast U.S. subsidies for cars, clean energy, and semiconductors a danger to their economies.

U.S. Secretary of Commerce Gina Raimondo and European Commission Executive Vice-President Margrethe Vestager participate in a US-EU Stakeholder Dialogue during the Trade and Technology Council Ministerial Meeting

August 9, 2023

Latin America
A Ticking Clock for Latin America’s Nearshoring Opportunity

The window is still open for the region to benefit from the supply chain reshuffle—but not for much longer.

Panama Canal employees work in Panama City, Panama.

June 4, 2021

International Law
Illegal Fishing Is a Global Threat. Here’s How to Combat It.

Fishing provides a critical source of food and income for many countries, but much of it occurs unlawfully, harming vulnerable populations and eroding maritime governance.  

South Korean coast guard ships attempt to stop Chinese boats allegedly fishing illegally in the Yellow Sea.

September 3, 2020

World Trade Organization (WTO)
What to Know About the Race to Lead the WTO

World Trade Organization members are in the process of selecting a new leader, who will be charged with steering the WTO at a critical moment for the future of international trade.

A picture shows the empty seat and desk of the World Trade Organization director-general prior to a general council in Geneva.

November 8, 2023

Trade
Unpacking the IPEF: Biden’s Indo-Pacific Trade Play

One year after the Joe Biden administration unveiled its Indo-Pacific Economic Framework, the agreement still doesn’t look like a traditional trade deal and could end up falling short of its ambition…

Containers are loaded at the Port of Singapore, the second largest port in the world.