Each week, we'll share with you some of the most compelling numbers in our studies.
$802.1 billion
From 2000 to 2022, U.S.-China bilateral trade in goods and services rose from $125.2 billion to $802.1 billion.
SOURCE: "Breaking the Ice The Role of Scholarly Exchange in Stabilizing U.S.-China Relations" by CSIS's Scott Kennedy and Wang Jisi.
50 percent
On March 31, the U.S. Treasury Department proposed guidance on the new clean vehicle provisions of the IRA. To be eligible for tax credits, 50 percent of battery components and 40 percent of critical mineral content must come from a U.S.-centric supply chain.
SOURCE: "Onshoring and Friend-Shoring in U.S. EV Supply Chains: What Are the Boundaries?" by CSIS's Joseph Majkut, Ilaria Mazzocco, and Jane Nakano.
1.16 million (b/d)
Beginning in May 2023, Saudi Arabia and other producers will make voluntary oil output cuts of 1.16 million barrels per day (b/d), joining Russia’s current cut of 500,000 b/d.
SOURCE: "OPEC+ Throws a Curveball" by CSIS's Ben Cahill.
$13.5 trillion
According to the Canadian government, the CPTPP is one of the world’s largest free trade agreements. The combined GDP of its member states—some of the largest and fastest-growing economies in the world—is $13.5 trillion.
SOURCE: "The United Kingdom Is Joining the CPTPP. What Comes Next?" by CSIS's Aidan Arasasingham, Emily Benson, Matthew P. Goodman, and William Alan Reinsch.
By the Numbers is composed weekly by Claire Dannenbaum, Claire Smrt, and the External Relations team.
The Center for Strategic and International Studies (CSIS) is a bipartisan, nonprofit organization founded in 1962 and headquartered in Washington, D.C. It seeks to advance global security and prosperity by providing strategic insights and policy solutions to decisionmakers.
