Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration. Note: Data is through Oct. 2025. Source: U.S. International Trade Commission. The New ...

Evidence suggests that businesses facing heightened trade policy uncertainty in industries more exposed to international trade reshore more and automate more than those that are less exposed to trade.

Banks may be indirectly exposed to trade policy through lending and through the broader effects of trade on the economy. Analysis finds that exposure to recent trade shocks was concentrated in large ...

This paper investigates the effects of withholding taxes on cross-border trade in services, using a newly compiled dataset covering the universe of bilateral service imports and withholding tax rates ...

Meeting in Hiroshima, Japan, in May 2023, heads of government from the Group of Seven (G7) advanced democracies declared that they were “more united than ever in our determination to meet the global ...