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As Americans worry about affordability, the midterm elections could be a referendum on the Trump administration’s tariffs and trade policy.

As of June 30, 2026 and 2025

2026 Annual Report

The Council—through its experts, content, convenings, and outreach—continued to inform U.S. engagement with the world throughout the year, as illustrated below and across this annual report.

Introduction  In the spring of 2025, eleven EU health ministers described Europe’s dependence on Chinese medicines as the weak point in Europe’s defense. The warning was accurate but largely ignored. For twenty of fifty-six active pharmaceutical ingredients (APIs) that Germa…

As the next presidential election looms, anxiety about the Nigerian president’s physical condition is growing.

Oil exports from the Middle East have rebounded, fueling claims that the United States is winning its war with Iran. But the Strait of Hormuz remains treacherous, Tehran isn’t any closer to accepting Washington’s terms, and the costs of the conflict are continuing to climb on bot…

Latin America’s largest democracy will hold presidential elections on October 4. Experts say the result, which will likely trigger a runoff, could reshape Brazil’s regional and international relations.

CFR President Michael Froman reflects on the third anniversary of Hamas’s October 7, 2023, attacks on southern Israel, and how the Middle East has changed since.

Two U.S. Supreme Court decisions handed down last month provided some much-needed clarity on 2026 election rules while a third opened the door to some uncertainty.

2026 Annual Report

This week on The Spillover, hosts Rebecca Patterson and Sebastian Mallaby are joined by Adam Posen, president of the Peterson Institute for International Economics, to discuss how the Federal Reserve has fallen behind the curve on inflation, Fed Chair Kevin Warsh’s task forces, a…

The White House AI accord outlines sensible safeguards, including independent evaluators and board-level oversight, but does not compel companies to adopt them. Until the cost of safety failures outweighs the payoff of racing ahead, a pledge built on “believe” and “should” won’t …

During the annual UN General Assembly, government and business leaders spoke at CFR about strengthening alliances and partnerships, reforming the global financial system, and managing security pressures—from the African Sahel to the South China Sea.

Read More: “6 Facts About Obesity and Weight Loss Drugs In the U.S.,” Pew Research Center “The Expanding Benefits of GLP-1 Medicines,” Cell Reports Medicine “Obesity Drugs Are Scaling Fast,” Morgan Stanley “FDA’s Concerns with Unapproved GLP-1 Drugs Used for Weight Loss,” U.S. Fo…

Operation Epic Fury followed a historically familiar pattern: the United States opted for military force without carefully weighing the potential consequences.

We Discuss: Mentioned on the Episode: Carl von Clausewitz, On War, Princeton University Press Eliot A. Cohen, The Strategist: How to Think About War and Politics, Princeton University Press Robert W. Komer, Bureaucracy Does Its Thing: Institutional Constraints on U.S.-GVN Perform…

Russia’s attacks on cultural heritage in occupied Ukraine are neither accidental nor merely symbolic, experts say. They are an attempt to rewrite history, erase Ukraine’s identity, and make annexation permanent.

U.S. President Donald Trump has repeatedly pushed for the acquisition of Greenland. The administration’s goal of asserting a greater U.S. presence in the Danish territory could have significant consequences for both the Arctic and the NATO alliance.

On both sides of the Red Sea, interconnected conflicts metastasize while Washington sends mixed signals.

Executive Summary Despite being the world’s two largest democracies, the United States and India have often been at odds over issues of strategic autonomy and Western-dominated rules and institutions. The end of the Cold War presented the two with a window for rapprochement, and …

Edward Fishman’s career has taken him from government to think tanks to Silicon Valley. He sat down with CFR to discuss the importance of developing your own voice, how tech converges with foreign policy, and the pivotal lesson he learned on a trip to Lithuania.

The leaders of the world’s two most powerful countries did not resolve any of the major issues facing the U.S.-China relationship. But that does not mean the meeting was a complete failure.

Treasury secretary Scott Bessent says the U.S. can grow its way out of debt. Is he right?