Megan Hogan

Jan 14, 2025 | piie.com | Gary Clyde Hufbauer |Megan Hogan

This PIIE Briefing assesses the effectiveness of the US government’s program of federal subsidies to foster domestic production of advanced semiconductors. It focuses on the results so far of Division A of the 2022 CHIPS and Science Act, with a subsidy budget (including collateral investment tax credits) approaching $200 billion.

Dec 22, 2023 | warontherocks.com | Megan Hogan

On Aug. 29, 2023, during the latter half of Commerce Secretary Gina Raimondo’s four-day trip to Beijing and Shanghai, Huawei Technologies Co. quietly released a new phone called the Mate 60 Pro.

Dec 11, 2023 | piie.com | Gary Clyde Hufbauer |Megan Hogan

International trade may not be as popular in the United States as it once was, but this updated PIIE study demonstrates that the payoff to the US economy from globalization has been significant. Gains from trade since 1950, facilitated by vastly improved transportation and communications, added up to $2.6 trillion in 2022, lifting US GDP by 10 percent. These gains averaged $7,800 per person and $19,500 per household in the United States in 2022.

Oct 19, 2023 | piie.com | Megan Hogan |Gary Clyde Hufbauer

The United States and China hit record trade levels in 2022, despite a prickly relationship, suggesting that calls for severe or even total economic decoupling between the world’s two economic superpowers may be ill-advised, say Hogan and Hufbauer. The dollar value of US-China trade grew significantly between 2019 and 2022, notwithstanding declines in trade flows of certain products such as semiconductors and aircraft due to the trade war.

Jul 10, 2023 | piie.com | Jeffrey J. Schott |Megan Hogan

Body South Korea participates in several regional trade and investment arrangements, including the bilateral Korea-China Free Trade Agreement, the Asia Pacific Economic Cooperation (APEC) forum, and the Regional Comprehensive Economic Partnership (RCEP); it has also joined the Digital Economy Partnership Agreement (DEPA) and is considering following China’s example and applying for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).