Economics

Semiconductor firms have a lot to learn from America’s banks; investing in compliance is the price of entry in a critical industry. Earlier this week, the Trump administration narrowed export controls on advanced semiconductors ahead of US-China trade negotiations. The administration is increasingly relying on export licenses to …

Robert Ellis Europe needs Turkey to shore up its defense. But is Ankara committed to European security? The European Union is caught between a rock and a hard place. On the one hand, it faces an onslaught from Vladimir Putin’s Russia, which is determined to overturn the rules-based …

John Calabrese The recent Israel-Iran crisis could catalyze an expanded role for the Gulf states in maintaining regional security. The June eruption of hostilities between Israel and Iran once again exposed the Gulf Cooperation Council (GCC) countries to the acute dangers of regional instability. Yet it also raises …

Washington must clarify what it actually wants from New Delhi in order to secure a mutually beneficial trade agreement. President Trump has imposed a 25 percent tariff on India, prompted by the failure to conclude a trade deal before the reciprocal tariff deadline of August 1. In a …

Rahul Pandey June 1, Operation Spider’s Web can be considered a watershed moment in the Russia–Ukraine war but cannot be understood as a watershed alone without comparing it with other recent events such as Israel’s Pager attacks against Hezbollah in Lebanon and Syria in September 2024. The question …

Yi Wang In 2025, China and the European Union mark the 50th anniversary of the establishment of diplomatic relations. According to public information, the EU-China Summit is scheduled to take place in Beijing in late July. Whether the summit can yield substantive outcomes is a matter of great …

Othon A. Leon & David Oliver* The Red Sea, particularly the Bab el-Mandeb Strait, has evolved as one of the world’s most hazardous maritime routes. Since late 2023, attacks by Yemen’s Houthi rebels on commercial shipping have hampered global trade, forcing massive vessel rerouting around Africa, raising insurance …

Seth J. Frantzman The IDF’s exhaustion and Hamas’ dogged survival points to the likelihood of a Gaza ceasefire in the next two months. The Israeli Defense Forces (IDF) continue to expand operations in Gaza. On July 20, the IDF told Gazans to evacuate an area near the coastal …

Greg Priddy Sanctions targeting oil are often ineffective at changing governmental policy and often impose additional costs on companies and consumers. Amid the current media firestorm around L’Affaire Epstein, few people other than Chevron shareholders noticed the headline last Friday about the Trump administration loosening sanctions on Venezuela …