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Three years ago today, Russia launched an unprovoked, brutal invasion of Ukraine. A few short weeks later, Karen Pence and I travelled with Samaritan's Purse and witnessed firsthand the flood of women and children fleeing the Russian onslaught near the Ukrainian border. We will

Federal workers aren't lazy. Quite the opposite. Federal workers put in more hours a week than anyone except military and self-employed. Federal workers take fewer days off than almost any other workers.

We’re hearing a lot about debt from policymakers. Remember: · Debt added by the House Budget Resolution: $2.8 trillion · Likely savings from DOGE (WSJ): $2.6 billion The budget resolution debt is more than *1,000* times larger than the DOGE saving.

In a new piece, Robin Brooks and I document the origins of Russia’s shadow fleet. Tracking the ownership history of 75 sanctioned ships, we find that nearly 60% of them previously had European owners. Read here: brookings.edu/articles/where…

The price of college is falling. From @Brookings non-resident senior fellow Phil Levine, since 2020: Public flagship prices: -8.5% Private schools w large endowments prices: -2.1% (but down ~40% for those with family income under $240,000) See it here: brookings.edu/articles/colle…

Russia's war machine depends critically on its shadow fleet of oil tankers. Biden sanctioned lots of these ships in his final days as President, but half the shadow fleet we track remains unsanctioned. This is Putin's Achilles heel. Sanction more of these ships. With Ben Harris

Breaking down the biggest tariff increase since 1930, which Trump announced this afternoon. (Also likely the largest tax increase of *any kind* in modern U.S. history). 1. Most US imports, with a number of exceptions that I'll come to, will be subject to *substantial* new

I can confirm I've replicated the CEA calculation for the so-called "tariffs charged to the USA" on these charts. It is the Census FT900 trade data, exhibit 4, for year 2024, and the formula is MAX(10%,(imports-exports)/imports) per-country on a customs basis.

This morning (Thursday, 10 am) Brookings is hosting a panel of distinguished experts to discuss Trump's reciprocal tariffs. Come listen. brookings.edu/events/trumps-…

TODAY @ 10 AM ET: Join Brookings as it convenes a panel of trade and tariff experts to study the Trump administration's "reciprocal tariffs" plan. Ben Harris will provide opening remarks before the panel discussion, and an audience Q&A will follow. brookings.edu/events/trumps-…

ICYMI, I recently discussed the future of Trump’s tariffs on Bloomberg TV "Balance of Power," arguing that the tariff pause reflected the power of the bond market as a referee on policy. Watch here: bloomberg.com/news/videos/20…

We've built a comprehensive database of Russia's shadow fleet, including how many oil tankers in that fleet are now sanctioned. Of the 343 ships we track, 264 are now sanctioned. 79 are still unsanctioned. The EU in particular needs to sanction more ships. With Ben Harris

Where did all those imports go in Q1? An update. The gap between surging imports and subdued inventories was even larger based on Census Bureau's March wholesale inventories. Bureau of Economic Analysis made an adjustment boosting March inventories, eliminating part of the

We've done lots of work at The Brookings Institution mapping Russia's shadow fleet and evaluating the impact of sanctions. EU sanctions are highly effective at shutting down activity in these vessels. We'll update our analysis with today's welcome news. Ben Harris brookings.edu/articles/the-r…