Peterson Institute for International Economics

Shipping containers sit stacked at the port terminal in Le Havre, France.

Photo Credit: REUTERS/Benoit Tessier

US reciprocal trade deals built to push America's trade partners away from China

Mary E. Lovely (PIIE) and Christine Y. Wan (PIIE)

President Donald Trump's Agreements on Reciprocal Trade with nine trading partners construct a legal architecture to pull US trade partners away from China and to constrain China economically—setting a framework to mold global value chains around US strategic preferences.

The flags of the European Union and China are displayed on phone screens in this photo illustration. Photo taken on April 12, 2023.

NurPhoto/Jakub Porzycki

Photo Credit: NurPhoto/Jakub Porzycki

RealTime Economics

Europe lacks a coherent strategy toward China

Cecilia Malmström (PIIE)

June 2, 2026

Trade Talks

How to Win a Trade War, with friends (Episode 216)

Chad P. Bown (PIIE), Soumaya Keynes (Financial Times), and Bill Reinsch and Scott Miller (The Trade Guys)

May 26, 2026

An AI sign is seen at the World Artificial Intelligence Conference in China. Photo taken on July 6, 2023.

REUTERS/Aly Song

Photo Credit: REUTERS/Aly Song

Policy Briefs

Where is AI in GDP statistics?

Anton Korinek (PIIE) and Patrick McKelvey (Bank of Canada)

May 13, 2026

A truck carries raw Lithium at Sandawana Mines in Mberengwa, Zimbabwe, November 19, 2025.

Matrix Images /Stringer

Photo Credit: Matrix Images /Stringer

Policy Briefs

Strengthening Project Vault: The US plan to stockpile critical minerals

Cullen S. Hendrix (PIIE)

May 21, 2026

What's New

An illustration of a circuit board depicting AI learning and processing big data.

Using AI to Test Policy Language

Monica de Bolle (PIIE)

June 5, 2026

via Project Syndicate

What does it take for US trading partners to wean themselves from US markets?

Gary Clyde Hufbauer (PIIE) and Ye Zhang (PIIE)

June 4, 2026

A cargo ship loaded with foreign trade containers enters Qingdao Port in Shandong Province, China. Photo taken on May 29, 2026.

US reciprocal trade deals built to push America's trade partners away from China

Mary E. Lovely (PIIE) and Christine Y. Wan (PIIE)

June 4, 2026

Europe lacks a coherent strategy toward China

Cecilia Malmström (PIIE)

June 2, 2026

PIIE Charts

Trump's tariff revenue tracker: How much is the US collecting? Which imports are hit?

Gary Clyde Hufbauer (PIIE) and Ye Zhang (PIIE)

May 11, 2026

War, uncertainty slow 2026 growth across advanced and emerging economies

Karen Dynan (PIIE)

April 9, 2026

The Trump administration wants foreign investment pledges to boost several sectors that Biden targeted

Gregory Auclair (PIIE) and Adnan Mazarei (PIIE)

February 11, 2026

Some countries will struggle to fulfill their investment pledges to President Trump

Gregory Auclair (PIIE) and Adnan Mazarei (PIIE)

January 29, 2026

PIIE Insider LIVE

All things US trade with Jeffrey J. Schott

June 9, 2026, 11:00 AM to 11:30 AM EDT

Anjali V. Bhatt (PIIE) and Jeffrey J. Schott (PIIE)

Jun

Trade Winds

The USMCA review: Where is it going?

June 10, 2026, 9:00 AM to 10:00 AM EDT

Cecilia Malmström (PIIE), Kellie Meiman Hock (McLarty Associates), Juan Carlos Baker Pineda (Georgetown Americas Institute), Jeffrey J. Schott (PIIE) and John M. Weekes (Canadian Global Affairs Institute)

Jun

The Florence Report: An agenda for Europe

June 11, 2026, 8:30 AM to 9:30 AM EDT

Adam S. Posen (PIIE), Marco Buti (European University Institute; Centre for Economic Policy Research), Giancarlo Corsetti (European University Institute; Centre for Economic Policy Research), Jeffry Frieden (Columbia University), Harold James (Princeton University) and Beatrice Weder di Mauro (Centre for Economic Policy Research; Geneva Graduate Institute)

Jun