Economics

There will be no talks about farm goods, European Trade Commissioner Cecilia Malmstrom reiterated, scuppering real hopes for a sweeping trade deal, Jan. 18, 2019. (Emmanuel Dunand/AFP/Getty)

No Sweeping Free Trade Deal, Brussels Tells Washington

The EU’s terms for talks could herald another trade setback for Trump.

People walk past the World Bank Group's headquarters in Washington, D.C., on May 3, 2013. (Brendan Smialowski/AFP/Getty Images)

The World Bank Needs to Join the 21st Century

The next president of the world’s largest development organization needs to chart a new direction for a new era.

Chinese police officers watch a cargo ship at a port in Qingdao in China’s eastern Shandong province on March 8, 2018. (AFP/Getty Images)

As West Grows Wary, Chinese Investment Plummets

The trade war and new U.S. regulations aimed at China are major factors.

U.S. President Donald Trump delivers his first State of the Union address in Washington on Jan. 30, 2018. (Win McNamee/AFP/Getty Images)

Welcome to the World’s Least Ugly Economy

Despite inequality, debt, and a tariff war, the U.S. economy is still the strongest.

(Etienne Oliveau/Getty Images/Foreign Policy illustration)

Beijing’s Big, Bad Year

Five Reads: The best Foreign Policy stories of 2018 on China.

A Honduran migrant caravan crowds the Guatemala-Mexico international border bridge in Ciudad Hidalgo, in Chiapas state, Mexico, on Oct. 20. (Pedro Pardo/AFP/Getty Images)

Overrated or Underreported?

A look at the stories the media hyped—or largely ignored—in 2018.

(Johannes Eisele/AFP/Getty Images/Foreign Policy illustration)

‘Tariff Man’ vs. the World

Five Reads: The best Foreign Policy stories of 2018 on global trade.

Steam and exhaust rise from smokestacks in Oberhausen, Germany on Jan. 6, 2017. (Lukas Schulze/Getty Images)

The Hazard of Environmental Morality

Efforts to combat climate change should be pragmatic above all else.

Clouds above the Shanghai skyline on July 31, 2014. (Johannes Eisele/AFP/Getty Images)

A Preview of Your Chinese Future

China’s vision of world order is a more radical departure—and more realistic alternative—than the West understands.

NEW HAVEN, CT - OCTOBER 08: Yale Professor William Nordhaus attends a press conference after winning the 2018 Nobel Prize in Economic Sciences at Yale University on October 8, 2018 in New Haven, Connecticut. Professor Nordhaus' research has been focused on the economics of climate change, economic growth, and natural resources. (Photo by Eduardo Munoz Alvarez/Getty Images)

The Nobel Prize for Climate Catastrophe

The economist William Nordhaus will receive his profession’s highest honor for research on global warming that’s been hugely influential—and entirely misguided.

An Iranian man shops at a drugstore at the Nikan hospital in Tehran on September 11, 2018.

How Europe Could Blunt U.S. Iran Sanctions Without Washington Lifting A Finger

If the EU gives its special purpose vehicle for Iran trade a humanitarian focus, the Trump administration won’t be able to stop it without trampling longstanding U.S. exemptions.

U.S. President Donald Trump, Chinese President Xi Jinping, and top officials reached a truce in the trade war over dinner at the G-20 summit in Buenos Aires on Dec. 1. (Saul Loeb/AFP/Getty Images)

Trump and Xi Park Trade War—For Now

But the U.S. president raises new uncertainties over the fate of the trade deal with Mexico and Canada.

Turkish President Recep Tayyip Erdogan shops in the Black Sea town of Safranbolu on Jan. 1, 2005. (Hakan Goktepe/AFP/Getty Images)

The Vulgar Marxism of Middle East Punditry

For political activists in the Muslim world, it's not just the economy, stupid.

An Iranian traveler arrives at a bus terminal in Tehran on Jan. 13. (Atta Kenare/AFP/Getty Images)

The App Destroying Iran’s Currency

Iranians are using the messaging app Telegram to spread fake news about the rial—and make a profit for themselves.

Finance ministers and central bank governors of the G-20 meet in Berlin on Nov. 20, 2004. (Michael Kappeler/AFP/Getty Images)

Globalization’s Government Turns 10

For a decade, the G-20 has provided the nondemocratic oversight the global economy deserves.

talian Interior Minister Matteo Salvini attends a press conference at the Italian Embassy in Bucharest, Romania, on Oct. 23. (Daniel Mihailescu/AFP/Getty Images)

Europe Should Let Italy Win

It’s time for Brussels to grab the wheel in the game of chicken over Rome’s budget.

U.S. Secretary of State Mike Pompeo on Friday announced limited waivers for Iranian oil sales, but stressed U.S. intentions of applying “maximum pressure,” Washington, May 21, 2018. (Win McNamee/Getty Images)

U.S. to Allow Some Iranian Oil Sales—For Now

With sanctions kicking in Monday, the administration still aims for zero oil exports from Iran but wants to avoid spiking price of crude.

Brazilian far-right presidential candidate Jair Bolsonaro talks to the press in Rio de Janeiro on Oct. 25. (Carl de Souza/AFP/Getty Images)

Investors Love Bolsonaro. Can He Deliver?

Markets are soaring ahead of Brazil’s runoff election—on what may turn out to be mere wishful thinking.

Italian Prime Minister Giuseppe Conte, right, speaks at a press conference following a cabinet meeting on the country's draft budget on Oct. 15. (Photo by Filippo Monteforte/AFP/Getty Images)

‘This Is an Existential Test of the Eurozone’

Economic historian Adam Tooze assesses the Italian crisis—and the prospects for a global collapse.

Iran is trying to maintain oil exports in the face of U.S. sanctions. An oil tanker off the Iranian port of Bandar Abbas on July 2, 2012. (Atta Kenare/AFP/Getty Images)

Can the U.S. Make Oil Sanctions on Iran Work?

Given pushback from friends and foes, Trump’s goal of zero Iranian exports is still far off.

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