US import sourcing shifted rapidly away from China for tariff-exempt electronics such as smartphones and laptops, as multinationals quickly pivoted to India and Vietnam, but reorientation was slower for non-exempt goods like clothing and footwear.
Tag: PIIE
Posted inThink Tank News
PIIE: How governments buy a trade surplus
Fiscal and exchange rate policies are the primary drivers of trade imbalances, with governments able to directly influence their current account positions through these levers.
Posted inThink Tank News
PIIE: Project Vault needs work
Project Vault’s hybrid public-private design for stockpiling critical minerals raises serious concerns about voluntary participation, operational complexity, and the risk that the programme will fail precisely when it is most needed.
Posted inThink Tank News
PIIE: A positive trade policy for US agriculture
US farmers have suffered from the shift away from free trade agreements and from the volatility caused by the Trump administrations’ tariff-driven trade wars.
Posted inThink Tank News
PIIE: US-China interdependence means both opportunities and obstacles
Growing distrust and strategic rivalry have shifted the US-China relationship from mutually beneficial cooperation to costly conflict, and the two countries need a structured, negotiated approach to manage economic disengagement while still collaborating on shared goals.