The Trade War Has Claimed Its First Victim
Tariffs from the United States, Canada, China, Mexico, and the EU may have damaged the WTO beyond repair.
China’s Dangerous Dollar Addiction
China pays for raw materials in greenbacks, but Trump’s trade war could soon dwindle its dollar reserves.
The Democratic Unionist Party Isn’t Bluffing on Brexit. It’s Being ‘Thran.’
The small Northern Irish party that props up the British government has a history of belligerence and brinkmanship. But ultimately it will blink.
Trump’s Latest China Salvo Could Hurt U.S. Nuke Industry
Administration says Beijing is diverting U.S. nuclear technology for military use.
The Road to Tehran Runs Through Oslo
Norway—and Oman—can help end the impasse over Iran sanctions by creating an externally-managed and guaranteed oil fund.
Tougher U.S. Sanctions Will Enrich Iran’s Revolutionary Guards
As the economic noose tightens on the Iranian economy, smugglers will thrive and the IRGC will be the first to profit.
Is the Trade War About to Become a Currency War?
Some experts figure Beijing might risk further driving down the renminbi against the dollar.
Pentagon Accuses China of Dumping Products to Undermine U.S. Security
Study calls out Beijing for using underhanded trade practices that hurt the U.S. defense industry.
A No-Deal Brexit Will Destroy the British Economy
The magical wing of the Conservative Party believes that Britain can crash out of the European Union painlessly. It is leading the country into a recession.
Is Trump Mainly Rebranding NAFTA?
The economic impact—and political future—of the '94 trade deal's successor is utterly unclear.
The Paris Accord Won’t Stop Global Warming on Its Own
The world needs a new alliance of green economic powers to create a low-carbon economic zone.
New Sanctions Won’t Hurt Russia
Washington thinks punitive measures will change Moscow’s calculus, but the Russian economy is doing just fine.
Trump Takes Aim at Iran, China, and the Global System in Big U.N. Speech
And draws a rare laugh from world leaders while boasting of his accomplishments.
Trump’s Trade War With China Could Hit Energy Exports
China places tariffs on natural gas, a fast-growing U.S. export.
Trump’s Trade War With China Is About to Get Supersized
Washington is levying more tariffs, leaving Beijing to retaliate in other painful ways, from Iran to North Korea.
Books in Brief: Fresh Reads on WWII Maritime History, Clipper Ships, and Cambodian Refugees
Foreign Policy staffers review recent releases.
The Buck Stops Here: Europe Seeks Alternative to U.S.-Dominated Financial System
Germany and France complain that the U.S. is abusing sanctions power to bully even its allies.
The Lesson of Smoot-Hawley
On the podcast: The last big American trade war was in 1930. It ended badly for everyone.
U.S. to Canada: Deal or No Deal?
As the deadline looms, here’s how the complicated NAFTA talks could play out.
Don’t Buy the Panic About the Rupee’s Fall
A cheaper currency will help rebalance India’s massive trade deficit.