Plus, more on US economic policy
| How might tariffs impact US drug prices and production? The Trump administration aims to boost U.S. drug production and create manufacturing jobs by imposing tariffs on pharmaceuticals. Marta Wosińska examines four critical areas of the U.S. drug supply chain to assess the impact of these tariffs on the industry. |
| More on US economic policy Post-COVID economic recovery. Despite having one of the strongest and fastest post-pandemic economic recoveries among developed countries, the American public still perceives the state of the U.S. economy as poor. Carol Graham, Aaron Klein, and Dylan Parikh explore the possibilities for this divergence, including political polarization, housing costs, and pre-existing economic unhappiness. Myths and realities of trade. The U.S. trade deficit—the net difference between exports and imports—has long been a part of the political rhetoric, and it is currently playing a central role in the policy debate around tariffs. In a new paper from the spring 2025 edition of the Brookings Papers on Economic Activity (BPEA), Maurice Obstfeld explains the nuanced causes of the trade deficit and potential ripple effects of tariffs. |
Editor's note: Interested in U.S. trade and tariff policy? Join us for today’s event to hear from experts on the latest developments in Trump’s reciprocal tariffs. |
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