It takes two to trade, but derisking from China will require a coalition. My latest for @cfr.org: www.cfr.org/article/thre...

New piece on Trump's Section 232 tariffs and why they could backfire without exemptions, harming rather than helping national security: www.cfr.org/article/trum...

New piece @cfr.org charting the rise of economic security and the risks of escalation: www.cfr.org/article/rise... During the past 5 years, countries have collectively announced an average of 3000 economic restrictions per year, a nearly 4x increase.