Peter Harrell

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Articles

Canada Is Merely First in Line

2 months ago | foreignaffairs.com | Elliott Abrams |Jonathan Miller |James M. Lindsay |Peter Harrell

Earlier this week, it appeared as if the Trump administration was going to follow through on its threat to impose a sweeping 25 percent tariff across the board on Canadian exports to the United States. Canada owes the United States “a lot of money, and I'm sure they're going to pay,” President Donald Trump claimed. “We may have, short term, some little pain, and people understand that.
Economic Statecraft Under Donald Trump

Jan 6, 2025 | nationalinterest.org | Kaush Arha |Peter Harrell

Share on Facebook Share on Twitter Share on LinkedIn Subscribe to RSS Print Topic: Security Region: Global Governance Tags: ChinaTrade DealsTariffsDonald TrumpBelt And Road InitiativeSupply Chains The new global trading order will be less focused on low-cost production and more focused on economic security, trade balance, and increased domestic manufacturing.
How to Stop a Trade War

Dec 19, 2024 | foreignaffairs.com | Peter Harrell

President-elect Donald Trump campaigned on a promise of a trade war more extensive than anything Americans have seen in decades. His proposals include a new 20 percent “universal” tariff on all foreign imports and hiking tariffs on China to 60 percent. In the six weeks since he won a second term, he has used social media to threaten tariffs against Canada, Mexico, the BRICS—a nine-member bloc of countries founded by Brazil, Russia, India, China, and South Africa—and other targets.
Trump policies on tariffs and national security would hurt Americans

Oct 28, 2024 | ajc.com | Peter Harrell

Former President Donald Trump campaigns on two big foreign policy ideas: tariffs and peace. Unfortunately for Americans, Trump’s tariffs would hit hard in the wallet, and his plan to cut deals with America’s enemies would raise the odds of the “World War III” he claims to be saving us from. Start with Trump’s tariffs. There is a place for targeted tariffs to protect strategic industries and to push back on China’s unfair trade practices.
How U.S.-China Competition Upended the International Economic Order and What the United States Can Do to Fix It

Jun 27, 2024 | cnas.org | Emily Kilcrease |Geoffrey Gertz |Adam Tong |Peter Harrell

On June 26, CNAS hosted an event to discuss a new report, Disorderly Conduct: How U.S.-China Competition Upended the International Economic Order and What the United States Can Do to Fix It. Report authors shared key findings and recommendations on how to delineate a new economic strategic framework toward China that serves both the security and commercial interests of the United States.
How to Save Free Trade

Feb 26, 2024 | foreignaffairs.com | Peter Harrell |Carl Minzner |James M. Lindsay

As the U.S. presidential election approaches, President Joe Biden and former President Donald Trump have found common cause in their opposition to new trade deals. In the final months of 2023, the Biden administration postponed a decision on the trade pillar for the long-planned Indo-Pacific Economic Framework (IPEF) and withdrew longstanding U.S. support for digital trade provisions at the World Trade Organization.
Xi Jinping

Dec 14, 2023 | foreignaffairs.com | Shannon K. O'Neil |Zongyuan Liu |Peter Harrell |Adam Posen

Xi Jinping in His Own WordsWhat China’s Leader Wants—and How to Stop Him From Getting It
How to China-Proof the Global Economy

Dec 13, 2023 | almendron.com | Peter Harrell

China’s emergence as the United States’ leading rival has upended long-standing tenets of international economic policy. For decades, policymakers in Washington assumed that economic engagement would draw Beijing into the Western order while providing business opportunities for U.S. companies. Thus, the United States pressed China to open its market to U.S. investors, accepting in return that at least some types of U.S. manufacturing would move to China.
How to China-Proof the Global Economy

Dec 12, 2023 | foreignaffairs.com | Peter Harrell |James M. Lindsay |Kat Duffy

China’s emergence as the United States’ leading rival has upended long-standing tenets of international economic policy. For decades, policymakers in Washington assumed that economic engagement would draw Beijing into the Western order while providing business opportunities for U.S. companies. Thus, the United States pressed China to open its market to U.S. investors, accepting in return that at least some types of U.S. manufacturing would move to China.
The Limits of Economic Warfare

Mar 27, 2023 | almendron.com | Peter Harrell

Over the past decade, economic sanctions emerged as Washington’s preferred policy tool to deal with a range of concerns, from adversarial governments in Iran and Venezuela to international drug trafficking. Sanctions became popular because officials saw them as a low-cost tool that could hurt the United States’ foes.