Winning the Race for Tomorrow’s Technologies

Leading in artificial intelligence, quantum, and biotechnology will bolster national security and allow the United States to shape global rules and standards in competition with China. CFR’s new Task Force Report by former Deputy Secretary of the Treasury Justin G. Muzinich, former Secretary of Commerce Gina M. Raimondo, CEO of Lockheed Martin James D. Taiclet, and CFR Fellow Jonathan E. Hillman, explains how. Explore their recommendations

Trade Beyond Tariffs

CFR President Michael Froman analyzes the big picture of a trade strategy that may be emerging. Read his take

North American Leaders ‘Take a Deep Breath’ Ahead of USMCA Review

Government tensions have upended the economic relationships between the United States, Canada, and Mexico. Despite this, public- and private-sector North American members of the Trilateral Commission appeared committed to finding a path forward, writes CFR Fellow Rebecca Patterson. Read the brief

Free Trade Can’t Bring Peace

For decades, the liberal belief that open trade fosters peace has shaped US foreign policy. It worked while US security guarantees held the system together, but as those commitments weaken and new powers assert themselves, the multilateral trading order is rapidly coming undone, writes CFR Fellow Benn Steil. Read the article

It’s Time for China to Let the Renminbi Appreciate Sharply

The renminbi is hugely undervalued. This is an impediment to tackling China’s enormous current account surplus and the leadership’s stated desire of boosting domestic demand. Instead of managing the currency tightly against the dollar, it is high time for the authorities to promote strong appreciation against the dollar and on a trade-weighted basis, argue CFR Fellow Brad W. Setser and US Chairman Mark Sobel. Read their take

China’s Massive Surplus Is Everywhere (Yet the IMF Still Has Trouble Seeing It Clearly)

China’s reported current account surplus understates China’s contribution to global trade imbalances. The massive gap between China’s export and import volume growth over the last six years tells a more accurate story, Setser demonstrates. See the data 

How I Got My Career in Foreign Policy: Inu Manak

Inu Manak has explored the intricacies of international trade policy in the world of academia and think tanks. She chatted with CFR about navigating different work environments and the benefits of developing a niche expertise. Read more

Are We Ready? | The U.S.-China Chip War

Chris McGuire, senior fellow for China and emerging technologies at the Council, sits down with James M. Lindsay to discuss whether U.S. efforts to deny China advanced semiconductor chips will sustain the U.S. lead in artificial intelligence or unintentionally accelerate Chinese innovation.