September 2025Hope despite HostilityTrade during wartime was once considered a nonstarter because it was seen as contributing to military capabilityELIZABETH VAN HEUVELENSeptember 2025Global Balances WidenWider external gaps in key economies point to the need for policy adjustment at homeSeptember 2025Behind the Veil of Tariff FixationThe world needs a broader conception of trade policy that considers how economies allocate incomeMICHAEL PETTISLoad MoreRelated LinksF&D HomepageF&D TopicsF&D AuthorsCountry Focus