Peterson Institute for International Economics
@piie.com
The Peterson Institute for International Economics is a nonpartisan, independent research institution devoted to studying international economic policy.
Explore our research: piie.com
Explore our research: piie.com
ICYMI: Martin Chorzempa joined PIIE Insider LIVE to discuss compute power, US export controls on semiconductors, China's AI industry, & much more.
Here or wherever you get podcasts:
Here or wherever you get podcasts:
The US-China AI race
YouTube video by Peterson Institute for International Economics
www.youtube.com
November 24, 2025 at 2:47 PM
ICYMI: Martin Chorzempa joined PIIE Insider LIVE to discuss compute power, US export controls on semiconductors, China's AI industry, & much more.
Here or wherever you get podcasts:
Here or wherever you get podcasts:
Reposted by Peterson Institute for International Economics
By the way, mass deportation causes rising prices in the United States.
This is because it removes a crucial ingredient of production in key sectors like food and construction, without reducing demand much.
Sane demand chasing reduced supply —> higher prices. @piie.com analysis here:
This is because it removes a crucial ingredient of production in key sectors like food and construction, without reducing demand much.
Sane demand chasing reduced supply —> higher prices. @piie.com analysis here:
Trump’s deportation plans would cause lower US employment and GDP than otherwise
Former president Donald Trump has promised to carry out the "largest deportation program in American history," a step targeting unauthorized immigrants and endorsed in the Republican Party's 2024 plat...
www.piie.com
November 21, 2025 at 3:35 AM
By the way, mass deportation causes rising prices in the United States.
This is because it removes a crucial ingredient of production in key sectors like food and construction, without reducing demand much.
Sane demand chasing reduced supply —> higher prices. @piie.com analysis here:
This is because it removes a crucial ingredient of production in key sectors like food and construction, without reducing demand much.
Sane demand chasing reduced supply —> higher prices. @piie.com analysis here:
Panama Canal water levels are dropping & traffic disrupted as China expands investment in ports & transit in Latin America.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
Is the Panama Canal doomed?
The Panama Canal has been vital to US interests since it was constructed more than a century ago. Some 70 percent of the total tonnage passing through the canal today are goods to or from the US, and ...
www.piie.com
November 20, 2025 at 8:56 PM
Panama Canal water levels are dropping & traffic disrupted as China expands investment in ports & transit in Latin America.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
Reposted by Peterson Institute for International Economics
Tiny trade value (0.04% of global trade). Massive cultural engine. A minute on why musical instruments matter.
November 20, 2025 at 7:18 PM
Tiny trade value (0.04% of global trade). Massive cultural engine. A minute on why musical instruments matter.
UPDATE:
Average US tariffs on China: 47.5%
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.5%
Average Chinese tariffs on the rest of the world: 6.5%
Average US tariffs on China: 47.5%
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.5%
Average Chinese tariffs on the rest of the world: 6.5%
November 20, 2025 at 5:15 PM
UPDATE:
Average US tariffs on China: 47.5%
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.5%
Average Chinese tariffs on the rest of the world: 6.5%
Average US tariffs on China: 47.5%
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.5%
Average Chinese tariffs on the rest of the world: 6.5%
Our research finds that through the first half of 2025, higher US tariff revenue has little correlation with lower volumes of imports.
Learn more:
Learn more:
Despite tariffs, US imports increased in the first half of 2025, but most exports decreased
President Donald Trump’s cascade of new tariffs, including the “Liberation Day” tariffs of last April, were aimed at reducing imports, and these steps were accompanied by other policies designed to sp...
www.piie.com
November 20, 2025 at 2:22 PM
Our research finds that through the first half of 2025, higher US tariff revenue has little correlation with lower volumes of imports.
Learn more:
Learn more:
Reposted by Peterson Institute for International Economics
Greater discussion on what tariffs does to the musical instrument business. If you missed it you can watch the recording!
Thanks to a great panel.
Thanks to a great panel.
Loved joining @ceciliamalmstrom.bsky.social, Julie Robbins (Earthquaker), and John Mlynczak (NAMM) on @piie.com’s Trade Winds.
Tariffs + uncertainty = massive headwinds for U.S. instrument makers. Let’s not let music become trade-war collateral.
www.youtube.com/watch?v=ixP8...
#music #trade #NAMM
Tariffs + uncertainty = massive headwinds for U.S. instrument makers. Let’s not let music become trade-war collateral.
www.youtube.com/watch?v=ixP8...
#music #trade #NAMM
November 19, 2025 at 7:41 PM
Greater discussion on what tariffs does to the musical instrument business. If you missed it you can watch the recording!
Thanks to a great panel.
Thanks to a great panel.
Arvind Subramanian & coauthor Devesh Kapur's book "A Sixth of Humanity: Independent India’s Development Odyssey" was featured in @financialtimes.com list of best economics books of 2025! 🎉
Check out the whole list here: www.ft.com/content/c44a...
Check out the whole list here: www.ft.com/content/c44a...
November 19, 2025 at 5:49 PM
Arvind Subramanian & coauthor Devesh Kapur's book "A Sixth of Humanity: Independent India’s Development Odyssey" was featured in @financialtimes.com list of best economics books of 2025! 🎉
Check out the whole list here: www.ft.com/content/c44a...
Check out the whole list here: www.ft.com/content/c44a...
Reposted by Peterson Institute for International Economics
Loved joining @ceciliamalmstrom.bsky.social, Julie Robbins (Earthquaker), and John Mlynczak (NAMM) on @piie.com’s Trade Winds.
Tariffs + uncertainty = massive headwinds for U.S. instrument makers. Let’s not let music become trade-war collateral.
www.youtube.com/watch?v=ixP8...
#music #trade #NAMM
Tariffs + uncertainty = massive headwinds for U.S. instrument makers. Let’s not let music become trade-war collateral.
www.youtube.com/watch?v=ixP8...
#music #trade #NAMM
November 19, 2025 at 4:33 PM
Loved joining @ceciliamalmstrom.bsky.social, Julie Robbins (Earthquaker), and John Mlynczak (NAMM) on @piie.com’s Trade Winds.
Tariffs + uncertainty = massive headwinds for U.S. instrument makers. Let’s not let music become trade-war collateral.
www.youtube.com/watch?v=ixP8...
#music #trade #NAMM
Tariffs + uncertainty = massive headwinds for U.S. instrument makers. Let’s not let music become trade-war collateral.
www.youtube.com/watch?v=ixP8...
#music #trade #NAMM
Panama Canal water levels are dropping & traffic disrupted as China expands investment in ports & transit in Latin America.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
Is the Panama Canal doomed?
The Panama Canal has been vital to US interests since it was constructed more than a century ago. Some 70 percent of the total tonnage passing through the canal today are goods to or from the US, and ...
www.piie.com
November 18, 2025 at 8:56 PM
Panama Canal water levels are dropping & traffic disrupted as China expands investment in ports & transit in Latin America.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
Is the Canal’s decline inevitable? Not necessarily.
Read below & listen to Policy for the Planet wherever you get podcasts.
The mystery of who bears tariff costs was resolved on November 14, when the Trump admin exempted 200+ food items from tariffs. This confirms the president's economic advisors knew the American consumer bears the "reciprocal" tariffs on imports of food.
Trump's tariffs: A crash course in home economics
It should have been clear on April 2 when President Donald Trump stood in what had been the White House Rose Garden and announced tariffs on everything from everywhere: This would affect the daily liv...
www.piie.com
November 18, 2025 at 5:48 PM
The mystery of who bears tariff costs was resolved on November 14, when the Trump admin exempted 200+ food items from tariffs. This confirms the president's economic advisors knew the American consumer bears the "reciprocal" tariffs on imports of food.
NEW: Trump’s tariffs have been aimed at reducing imports, accompanied by other policies designed to spur exports.
Yet the data show US imports surged in the first half of 2025—and exports declined in the same period.
Yet the data show US imports surged in the first half of 2025—and exports declined in the same period.
Despite tariffs, US imports increased in the first half of 2025, but most exports decreased
President Donald Trump’s cascade of new tariffs, including the “Liberation Day” tariffs of last April, were aimed at reducing imports, and these steps were accompanied by other policies designed to sp...
www.piie.com
November 18, 2025 at 4:25 PM
NEW: Trump’s tariffs have been aimed at reducing imports, accompanied by other policies designed to spur exports.
Yet the data show US imports surged in the first half of 2025—and exports declined in the same period.
Yet the data show US imports surged in the first half of 2025—and exports declined in the same period.
Reposted by Peterson Institute for International Economics
We just launched Season 3 with an accompanying blog, a new feature of the podcast!
@adamposen.bsky.social
@piie.com
@adamposen.bsky.social
@piie.com
Policy for the Planet Season 3 launches TODAY! The newest episode has host @mdebolle.com speaking with @bakerinstitute.bsky.social's David Gantz on the future of the Panama Canal.
Listen here or wherever you get podcasts:
Listen here or wherever you get podcasts:
The imperiled future of the Panama Canal (Episode 21)
The Panama Canal suffered severe droughts in 2023 and 2024. Lower water levels disrupted vital US commercial trade routes for liquefied natural gas and other products. The canal’s disabled state opens...
www.piie.com
November 18, 2025 at 3:42 PM
We just launched Season 3 with an accompanying blog, a new feature of the podcast!
@adamposen.bsky.social
@piie.com
@adamposen.bsky.social
@piie.com
Policy for the Planet Season 3 launches TODAY! The newest episode has host @mdebolle.com speaking with @bakerinstitute.bsky.social's David Gantz on the future of the Panama Canal.
Listen here or wherever you get podcasts:
Listen here or wherever you get podcasts:
The imperiled future of the Panama Canal (Episode 21)
The Panama Canal suffered severe droughts in 2023 and 2024. Lower water levels disrupted vital US commercial trade routes for liquefied natural gas and other products. The canal’s disabled state opens...
www.piie.com
November 18, 2025 at 3:24 PM
Policy for the Planet Season 3 launches TODAY! The newest episode has host @mdebolle.com speaking with @bakerinstitute.bsky.social's David Gantz on the future of the Panama Canal.
Listen here or wherever you get podcasts:
Listen here or wherever you get podcasts:
UPDATED: Our trade war timeline.
Check it out 👇
Check it out 👇
Trump's trade war timeline 2.0: An up-to-date guide
President Donald Trump started his second term in office with momentous plans to change US trade policy to achieve various economic and nontrade related aims. This timeline tracks the development of t...
www.piie.com
November 17, 2025 at 8:02 PM
UPDATED: Our trade war timeline.
Check it out 👇
Check it out 👇
NOVEMBER 20: @chorzempa.bsky.social joins PIIE Insider LIVE to discuss the US-China AI race—compute power, differences between US & Chinese models, export controls, & more.
Subscribe to PIIE Insider LIVE wherever you get podcasts & register to watch live here: www.piie.com/events/2025/...
Subscribe to PIIE Insider LIVE wherever you get podcasts & register to watch live here: www.piie.com/events/2025/...
November 17, 2025 at 4:09 PM
NOVEMBER 20: @chorzempa.bsky.social joins PIIE Insider LIVE to discuss the US-China AI race—compute power, differences between US & Chinese models, export controls, & more.
Subscribe to PIIE Insider LIVE wherever you get podcasts & register to watch live here: www.piie.com/events/2025/...
Subscribe to PIIE Insider LIVE wherever you get podcasts & register to watch live here: www.piie.com/events/2025/...
Reposted by Peterson Institute for International Economics
Definitely worth a listen to @mdebolle.com on @npr.org On point discussing the Argentina bailout by the US government @wbur.org @piie.com
www.wbur.org/onpoint/2025...
www.wbur.org/onpoint/2025...
November 14, 2025 at 5:28 PM
Definitely worth a listen to @mdebolle.com on @npr.org On point discussing the Argentina bailout by the US government @wbur.org @piie.com
www.wbur.org/onpoint/2025...
www.wbur.org/onpoint/2025...
@adamposen.bsky.social explains why some effects from Trump’s policies, like tariffs & deportations, are lagged & why he worries erosion of Fed independence plus the admin’s crypto policies could lead to financial instability.
Watch:
Watch:
Adam Posen on Trump policies: Lagged inflation, possible financial instability
YouTube video by Peterson Institute for International Economics
www.youtube.com
November 14, 2025 at 5:15 PM
@adamposen.bsky.social explains why some effects from Trump’s policies, like tariffs & deportations, are lagged & why he worries erosion of Fed independence plus the admin’s crypto policies could lead to financial instability.
Watch:
Watch:
The music industry is highly globalized, a finely tuned ecosystem. What are tariffs doing to it?
@ceciliamalmstrom.bsky.social explores on November 19 on #PIIETradeWinds with our Cullen Hendrix, National Association of Music Merchants' John Mlynczak, & EarthQuaker Devices' Julie Robbins.
Register:
@ceciliamalmstrom.bsky.social explores on November 19 on #PIIETradeWinds with our Cullen Hendrix, National Association of Music Merchants' John Mlynczak, & EarthQuaker Devices' Julie Robbins.
Register:
Thank you for the music! What are tariffs doing to the music industry?
Tariffs are affecting many parts of society, but how are they changing the music industry? This highly globalized industry is a finely tuned ecosystem, harmonizing the craftmanship of high-end manufac...
www.piie.com
November 14, 2025 at 2:37 PM
The music industry is highly globalized, a finely tuned ecosystem. What are tariffs doing to it?
@ceciliamalmstrom.bsky.social explores on November 19 on #PIIETradeWinds with our Cullen Hendrix, National Association of Music Merchants' John Mlynczak, & EarthQuaker Devices' Julie Robbins.
Register:
@ceciliamalmstrom.bsky.social explores on November 19 on #PIIETradeWinds with our Cullen Hendrix, National Association of Music Merchants' John Mlynczak, & EarthQuaker Devices' Julie Robbins.
Register:
Policy for the Planet Season 3 launches Nov 18! Join @mdebolle.com exploring how communities & nations respond to climate change—balancing econ, health, & geopolitics & other tradeoffs for a more sustainable future.
Subscribe wherever you get podcasts & sign up for episodes straight to your inbox:
Subscribe wherever you get podcasts & sign up for episodes straight to your inbox:
A new podcast connecting climate, economics, health, and politics.
Sign up to receive invites to PIIE's latest podcast, Policy for the Planet. In this series, host Monica de Bolle explores how communities and nations are responding, balancing tradeoffs while building...
clicks.piie.com
November 13, 2025 at 6:20 PM
Policy for the Planet Season 3 launches Nov 18! Join @mdebolle.com exploring how communities & nations respond to climate change—balancing econ, health, & geopolitics & other tradeoffs for a more sustainable future.
Subscribe wherever you get podcasts & sign up for episodes straight to your inbox:
Subscribe wherever you get podcasts & sign up for episodes straight to your inbox:
LISTEN (or read): @mdebolle.com joined WBUR's On Point to explain the US bailout of Argentina, what's been happening with Argentina's economy, & more.
The real reason for the U.S.-Argentina bailout
American taxpayers are bailing out Argentina to the tune of $20 billion. But what does the U.S. get out of it? And can it really fix Argentina’s economy?
www.wbur.org
November 13, 2025 at 3:45 PM
LISTEN (or read): @mdebolle.com joined WBUR's On Point to explain the US bailout of Argentina, what's been happening with Argentina's economy, & more.
Reposted by Peterson Institute for International Economics
I was a guest on NPR’s On Point today discussing the U.S.-Argentina bailout.
@piie.com
@adamposen.bsky.social
www.wbur.org/onpoint/2025...
@piie.com
@adamposen.bsky.social
www.wbur.org/onpoint/2025...
The real reason for the U.S.-Argentina bailout
American taxpayers are bailing out Argentina to the tune of $20 billion. But what does the U.S. get out of it? And can it really fix Argentina’s economy?
www.wbur.org
November 12, 2025 at 9:19 PM
I was a guest on NPR’s On Point today discussing the U.S.-Argentina bailout.
@piie.com
@adamposen.bsky.social
www.wbur.org/onpoint/2025...
@piie.com
@adamposen.bsky.social
www.wbur.org/onpoint/2025...
Immigration policy that broadly seeks ways to entice foreign graduates of US universities to remain in the US, the overwhelming mass of evidence suggests, would serve the national interest. Terminating Optional Practical Training would do the opposite, @mclem.org says.
New Immigration Rule Will End Or Restrict Student Practical Training
An upcoming Trump administration rule is expected to end or restrict Optional Practical Training for international students.
www.forbes.com
November 12, 2025 at 2:35 PM
Immigration policy that broadly seeks ways to entice foreign graduates of US universities to remain in the US, the overwhelming mass of evidence suggests, would serve the national interest. Terminating Optional Practical Training would do the opposite, @mclem.org says.
Listen to PIIE Insider LIVE wherever you get podcasts!
New podcast: me reflecting on US economic policies since the election, what we foresaw, what surprised, what the impact has been and will be.
Includes a warning about the seeds being sown for the next financial crisis by Trump's crypto and Fed policy combo.
podcasts.apple.com/us/podcast/a...
Includes a warning about the seeds being sown for the next financial crisis by Trump's crypto and Fed policy combo.
podcasts.apple.com/us/podcast/a...
Adam Posen on the economy one year after the US election (Episode 11)
Podcast Episode · PIIE Insider LIVE · 11/07/2025 · 32m
podcasts.apple.com
November 10, 2025 at 2:40 PM
Listen to PIIE Insider LIVE wherever you get podcasts!
Reposted by Peterson Institute for International Economics
Join us for this interesting discussion about the music industry and instruments. With @cullenhendrix.bsky.social Julie Robbins from EarthQuaker devices and John Mlynczak from NAMM
Thank you for the music! What are tariffs doing to the music industry? www.piie.com/events/2025/...
Thank you for the music! What are tariffs doing to the music industry?
Tariffs are affecting many parts of society, but how are they changing the music industry? This highly globalized industry is a finely tuned ecosystem, harmonizing the craftmanship of high-end manufac...
www.piie.com
November 9, 2025 at 1:47 PM
Join us for this interesting discussion about the music industry and instruments. With @cullenhendrix.bsky.social Julie Robbins from EarthQuaker devices and John Mlynczak from NAMM