A car hauler heading for Detroit, Michigan, drives on the lane to Ambassador Bridge in Windsor, Ontario, Canada
Image Source: 
REUTERS/Rebecca Cook
Featured
NAFTA

A US Content Requirement in NAFTA Could Hurt Manufacturing

Caroline Freund (PIIE)

The Trump administration is reportedly considering a demand that vehicles imported from Canada or Mexico have 35 to 50 percent US content to qualify for duty-free access under the North American Free Trade Agreement (NAFTA). Such a requirement would make vehicles produced in North America less competitive in global markets, hampering US manufacturing in particular while driving production in this sector outside the region.

Photo Credit: 
REUTERS/Rebecca Cook

Featured

Trade & Investment Policy Watch

Has Global Trade Fueled US Wage Inequality? A Survey of Experts

Zhiyao (Lucy) Lu (PIIE) and Gary Clyde Hufbauer (PIIE)

August 30, 2017
Working Paper

Trade and Fiscal Deficits, Tax Reform, and the Dollar: General Equilibrium Impact Estimates

William R. Cline (PIIE)

August 2017
Trade & Investment Policy Watch

Trump's NAFTA Agenda—Annotated and Explained

C. Fred Bergsten (PIIE), Gary Clyde Hufbauer (PIIE) and Melina Kolb (PIIE)

July 31, 2017
Get PIIE Updates

PIIE Recommends

U.S. Trade Representative Robert Lighthizer addresses the media to close the second round of NAFTA talks involving the United States, Mexico and Canada at Secretary of Economy headquarters in Mexico City, Mexico, September 5, 2017.
REUTERS/Edgard Garrido
Trade & Investment Policy Watch

NAFTA Doesn’t Need a Senseless Sunset

Jeffrey J. Schott (PIIE)
September 19, 2017
U.S. Federal Reserve Vice Chair Stanley Fischer
REUTERS/Brendan McDermid
Op-Eds

Stanley Fischer's Departure Reveals Weakness at the Fed

Adam S. Posen (PIIE)
September 7, 2017
A board displaying exchange rates is seen at a foreign exchange house in Mexico City, Mexico, April 26, 2017.
REUTERS/Edgard Garrido
Trade & Investment Policy Watch

Scrapping NAFTA Will Sink the Peso and Expand Trade Deficit

Caroline Freund (PIIE)
August 29, 2017
Short Videos

Posen Discusses the Damage of Brexit to the British Economy

Featuring Adam S. Posen (PIIE)
July 19, 2017
A man crosses a street outside the headquarters of the Bank of Japan (BOJ) in Tokyo, Japan, February 16, 2016.
REUTERS/Thomas Peter
Policy Brief

Will Rising Interest Rates Lead to Fiscal Crises?

Olivier Blanchard (PIIE) and Jeromin Zettelmeyer (PIIE)
July 2017

From Our Experts

Adam S. Posen

Adam S. Posen

President
Stanley Fischer's Departure Reveals Weakness at the Fed
Prospects and Challenges for Sustained Growth in Asia
Posen on a US-UK Trade Pact: Not a Good Deal
Gary Clyde Hufbauer

Gary Clyde Hufbauer

Reginald Jones Senior Fellow
"Buy American" Is Bad for Taxpayers and Worse for Exports
Has Global Trade Fueled US Wage Inequality? A Survey of Experts
Predictions on How NAFTA Talks Will Go

Stephan Haggard

Visiting Fellow
Is it Legal for President Trump to Order an Attack on North Korea?
Monday Morning Roundup: Things to Read
UN Security Council Resolution 2375

PIIE Blogs

Federal Reserve Chairman Janet Yellen speaks during a news conference after a two-day Federal Open Markets Committee (FOMC) policy meeting in Washington, U.S., September 20, 2017.
REUTERS/Joshua Roberts
RealTime Economic Issues Watch

The Fed Buys into Secular Stagnation

Joseph E. Gagnon (PIIE)
September 20, 2017
Trade & Investment Policy Watch

NAFTA Doesn’t Need a Senseless Sunset

Jeffrey J. Schott (PIIE)
September 19, 2017
China Economic Watch

Why China Is Cracking Down on Cryptocurrencies and ICOs

Martin Chorzempa (PIIE)
September 15, 2017
North Korea: Witness to Transformation

2016 BOK Growth Estimates

Marcus Noland (PIIE)

September 20, 2017

Events

C. Fred Bergsten
Event Recap

A Positive NAFTA Renegotiation

C. Fred Bergsten (PIIE), Cullen S. Hendrix (PIIE), Gary Clyde Hufbauer (PIIE), Caroline Freund (PIIE), Jeffrey J. Schott (PIIE), Wendy Dobson (University of Toronto), Daniel Trefler (Rotman School of Management) and Antonio Ortiz Mena (Albright Stonebridge Group)

June 13, 2017
The Peterson Institute for International Economics and the Centre for International Governance Innovation cohosted a major conference on "A Positive NAFTA Renegotiation" on June 13, 2017, to discuss the process of updating the North American Free Trade Agreement and the impact on critical sectors...
Upcoming Streaming Event

IMF Article IV Report on China

Geoff Gottlieb (IMF), James Daniel (IMF), and Nicholas R. Lardy (PIIE)

 

September 21, 2017


PIIE Charts

Of Major Economies, Only the US Faces Sizable Rise in Public Debt Burden

William R. Cline (PIIE) and Melina Kolb (PIIE)

August 22, 2017

Multimedia

Trade Talks Episode 0: Introduction to the Weekly Podcast
Peterson Perspectives

Trade Talks Episode 3: Nerves of Steel: Waiting for Trump's Trade War

Featuring Soumaya Keynes (The Economist) and Chad P. Bown (PIIE)
September 15, 2017
Short Videos

Toughening NAFTA’s Rules of Origin Could Backfire

Featuring Caroline Freund (PIIE)
September 11, 2017
Short Videos

Why Reducing Trade Deficits with NAFTA Is the Wrong Strategy

Featuring C. Fred Bergsten (PIIE)
July 26, 2017
Short Videos

Posen on a US-UK Trade Pact: Not a Good Deal

Featuring Adam S. Posen (PIIE)
July 24, 2017
Short Videos

Currency Manipulation and Its Toll on the US Economy

Featuring Joseph E. Gagnon (PIIE)
July 11, 2017

Explore PIIE Topics

BrazilChinaNorth KoreaUnited KingdomGlobalizationGrowthCurrency ManipulationTaxesMigrationNorth American Free Trade AgreementTrade Policy


Bookstore

The Right Balance for Banks: Theory and Evidence on Optimal Capital Requirements

The Right Balance for Banks: Theory and Evidence on Optimal Capital Requirements

William R. Cline (PIIE)

June 2017
Currency Conflict and Trade Policy: A New Strategy for the United States

Currency Conflict and Trade Policy: A New Strategy for the United States

C. Fred Bergsten (PIIE) and Joseph E. Gagnon (PIIE)

June 2017