Japan is a long-standing champion of an open, rules-based international trading system and has pioneered the creation of regional and multilateral agreements to promote digital trade. In recent months ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The U.S. trade data for 2024 makes clear that the U.S. trade deficit was expanding ...

The U.S. will import less and our exports will likely also suffer because of retaliatory tariffs from other countries. The trade deficit surged 14% to a new record high in March. The U.S. imported ...