Trade and International Business

Reciprocal tariffs, threats to global supply chains, and comparative manufacturing advantages have disrupted the established global trade system. CSIS scholars provide analysis and commentary on the international trading system and its institutions.

Turning the AI Revolution into Dollar Dominance

Navin Girishankar argues that President Trump's Gulf chip deals enable billions in AI exports but miss what ensures dollar dominance. A compute-dollar successor to the petrodollar will keep China’s offer of AI plus digital yuan settlement in the rearview mirror.

Commentary by Navin Girishankar — December 8, 2025

If You Don’t Eat Your Meat, You Can’t Have Any Pudding

Commentary by William Alan Reinsch — December 8, 2025

Unveiling the European Union’s Major Economic Security Update: Is a True Geopolitical Commission Emerging?

Commentary by Emily Benson and Federico Steinberg — December 4, 2025

Photo: Jabin Botsford/The Washington Post via Getty Images

Securing U.S. Interests in the 2026 USMCA Review: Building a Fortress North America

Report by Diego Marroquín Bitar, Ryan C. Berg, and Christopher Hernandez-Roy — December 3, 2025

See all analysis on Trade and Business

Past Events

Building a Golden Age for the U.S.-Japan Economic Partnership: Ensuring Security, Stability, and Prosperity in the Indo-Pacific

December 9, 2025 • 9:30 – 11:15 am EST

Hosted by Japan Chair

Investing in American Dynamism featuring David Ulevitch, General Partner at Andreessen Horowitz

December 3, 2025 • 10:00 – 11:00 am EST

Hosted by Economic Security and Technology

ROK-U.S. Strategic Forum 2025

December 3, 2025 • 9:00 am – 3:10 pm EST

Hosted by Korea Chair

Trump's Deals in Asia: China, Korea, Japan | The Capital Cable #124

November 6, 2025 • 11:00 – 11:45 am EST

Hosted by Korea Chair

Accelerating Japan-U.S. Cooperation in Quantum Technologies

October 29 – 30, 2025

Hosted by Renewing American Innovation

When Business and Politics Collide: Lessons from Nippon Steel

October 29, 2025 • 10:00 – 11:00 am EDT

Hosted by Japan Chair

Photo: ANDREW CABALLERO-REYNOLDS/AFP/Getty Images

U.S.-China Relations and the Future of America’s Energy and Automotive Sectors

October 24, 2025 • 3:30 – 4:30 pm EDT

Hosted by Chinese Business and Economics

U.S.-China Trade War | The Capital Cable #123

October 23, 2025 • 9:00 – 10:00 am EDT

Hosted by Korea Chair

See all events on Trade and International Business

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Senior Adviser and Japan Chair

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Director, Center for the Industrial Base and Senior Fellow, Defense and Security Department

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Fellow, Economics Program and Scholl Chair in International Business

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Senior Mentor (Non-resident), Executive Education

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Whither AGOA?

This week, Bill Reinsch discusses the expiration of the African Growth and Opportunity Act and addresses the act's impact and missed opportunities.

Commentary by William Alan Reinsch — October 14, 2025

U.S.-UK Trade and Tech Agreement(s): An Update After the State Visit

Despite the fanfare around its announcement, the new U.S.-UK Technology Prosperity Deal continues the pattern of detail-bare trade deals instead of addressing the major market access barriers facing the U.S. tech sector.

Commentary by Meredith Broadbent — October 9, 2025

China’s New Rare Earth and Magnet Restrictions Threaten U.S. Defense Supply Chains

China has imposed its most stringent rare earth and magnet export controls yet, restricting products with even trace Chinese content. This bolsters its leverage ahead of the Trump-Xi meeting and heightens risks to U.S. defense and semiconductor supply chains.

Critical Questions by Gracelin Baskaran — October 9, 2025

Russian Roulette

The Russia-India Relationship with Tina Dolbaia and Vasabjit Banerjee

Max sat down with Tina Dolbaia and Vasabjit Banerjee to talk about their new CSIS paper, "Guns and Oil: Continuity and Change in Russia-India Relations." They delve into the history of the Russia-India relationship, how it's been impacted by the full-scale invasion of Ukraine, and what to watch for going forward.

Podcast Episode by Max Bergmann and Tina Dolbaia — October 7, 2025

Red Light, Green Light: Assessing the European Union’s “Tripartite” China Strategy in 2025

The Europe Union is taking new approach to China economically. To ensure enduring success balancing tensions between Washington and Beijing, Brussels must continue to pursue its own economic security with strength and resolve.

Blog Post by Wyatt Dayhoff — October 7, 2025

Navigating Disruption: Ally and Partner Responses to U.S. Foreign Policy

U.S. allies and partners face new and paradigm-shifting challenges under the second Trump administration. This compendium explores how multiple actors are responding to and coping with U.S. policies in the context of disruptive changes to the global order.

Digital Report — October 6, 2025

Down on the Farm

This week, Bill Reinsch analyzes the impact of trade retaliation on the U.S. agriculture industry.

Commentary by William Alan Reinsch — October 6, 2025

The Trade Guys

Tariffs on Furniture, Pharma, and Films, China at the WTO, and AGOA Expiration

On this episode of the Trade Guys, we look at a slew of recent tariff announcements, including on furniture, pharmaceuticals, and foreign movies. We also cover China's relinquishing of “special and differential” WTO treatment and the expiration of the African Growth and Opportunity Act (AGOA).

Podcast Episode by Philip Luck, Scott Miller, and William Alan Reinsch — October 6, 2025

The Double-Edged Sword of Semiconductor Export Controls: Electronic Design Automation

The Scholl Chair’s third report on U.S. semiconductor export controls argues that current rules push China to reduce reliance on U.S. tech by indigenizing design and services—ultimately undermining, rather than advancing, U.S. technology leadership.

Report by William Alan Reinsch and Altynay Junusova — October 6, 2025

Japan’s Response to Trump 2.0: Sustaining U.S. Ties, Strengthening International Partnerships

Japan has continued to behave like a responsible partner, accommodating U.S. demands where possible while also trying to protect its own national interests. However, recent changes in U.S. foreign policy have deepened Tokyo’s concerns about Washington’s reliability.

Commentary by Kristi Govella — October 6, 2025

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