Renewing America

Ideas and initiatives for rebuilding America’s economic strength.

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A worker checks steel wires at a warehouse in Dalian, Liaoning province, China. Reuters.

Donald Trump, Steel Tariffs, and the Costs of Chaos

When President Nixon announced on August 15, 1971 that the United States would impose a 10 percent across-the-board tariff on imports—the most significant import restrictions since the 1930s—it followed an intense weekend of deliberations among his top officials at Camp David. Nixon’s economic brain trust spent three days carefully hammering out the details of the import restraints, and then signaled to the world that the president was prepared to lift them as soon as U.S. trading partners allowed their currencies to rise. Read More

February 1, 2018

Bipartisanship on Infrastructure? Not So Fast

A bipartisan deal on infrastructure seems doable—but with the devil in the details, it is much harder than it looks.

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January 23, 2018

Immigration and Migration
Making Migration Work

The UN is right to underscore the benefits of broad-based international cooperation on migration, particularly regarding measures that could, over time, reduce migrant flows by improving conditions in source countries. But, to be politically acceptable in virtually any country, such cooperation must respect national sovereignty.

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January 22, 2018

NAFTA, China, and the WTO: End of the Beginning, or Beginning of the End?

The next few weeks could be the most consequential for global trade since the final negotiations in December of 1993 that led to the creation of the World Trade Organization (WTO). Depending on the outcome, the United States and the world could begin the serious work needed to find new trade arrangements that acknowledge the relative waning of U.S. economic power and the rise of the rest. Or this month could mark the unraveling of the rules that have shaped global commerce for the past quarter century.

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