Trade

In a statement made to the Stanford Board of Trustees in 1959, the Institution’s founder underscored that America’s economic and social system is based on private enterprise, from which springs initiative and ingenuity. Our fellowship remains committed to the principle that free trade is the key engine of national income growth, benefits consumers with less costly goods and services, and, more equitably than any other system, expands wealth and prosperity across societies.

Tariffs And Trade DeficitsTariffs And Trade Deficits
Economics, Applied

Steven Davis speaks to Brent Neiman about President Trump’s approach to tariff policy and the latest data on trade deficits. While tariffs are up in 2025, Brent’s research reveals that actual tariff rates are only half as high as headlines suggest. Steve and Brent also discuss who pays Trump’s tariffs, how we know, the damage caused by uncertainty around tariffs, and the value of commitment in the conduct of trade policy.

Recorded on February 19, 2026.

The International Economic System: A Fork In The RoadThe International Economic System: A Fork In The Road

The International Economic System: A Fork In The Road

The US-Centric International Economic System After World War IIThe US-Centric International Economic System After World War II

The US-Centric International Economic System After World War II

The Great Trade Policy HackThe Great Trade Policy Hack

The Great Trade Policy Hack

The Negotiator’s Notebook: US-China Trade War With Former USTR Susan SchwabThe Negotiator’s Notebook: US-China Trade War With Former USTR Susan Schwab

The Negotiator’s Notebook: US-China Trade War With Former USTR Susan Schwab

Curated Playlist

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Getting Trade Policy Right

Crafting economic policies that enhance prosperity

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Economics

The Hoover Institution has a long history of scholarship in economic policy. We have two Nobel Prize winners as current fellows and three others, Gary Becker, Milton Friedman, and Douglass North, who served as fellows until their passing.

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Monetary Policy

Research into the Federal Reserve and its deliberations as it attempts to manage inflation and the velocity of money. Analysis of international central banks and the effects of their policy on the global economy.

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Budget & Spending

Tax policy affects individual behavior, employment, and investment decisions. Studying the trade-offs between efficiency and equity yield solutions for policymakers and the public alike.

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Finance & Banking

Housing prices across the country reflect arbitrary supply-side restrictions on new units, including environmental and other zoning rules. Well-intentioned affordable housing carve outs stymie overall supply.

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