The American Compass Podcast
What Will Trump's New Economic Policy Look Like? Part 1
Jan 10, 2025
Guests Jason Furman, a Harvard professor and former economic advisor under Obama, and Kimberly Clausing, a UCLA law professor and former Treasury official, dive deep into trade and industrial policy. They critique past economic strategies, especially free trade agreements, and discuss the complexities of tariffs aimed at boosting domestic production. The conversation also touches on strategic sectors like microchips and the important balance between national security and economic growth. Expect enlightening insights on the evolving landscape of American economic policy!
57:17
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Quick takeaways
- Trump's economic policy represents a significant shift from traditional Republican ideology, focusing on prioritizing ordinary Americans' needs.
- The ongoing debate on trade policy highlights the tension between the benefits of tariffs for domestic production and the potential negative impacts on the overall economy.
Deep dives
Diverse Perspectives on Economic Policy
The discussion on economic policy in the Trump administration brings together various viewpoints from seasoned economists. Participants include Rich Berkhauser, who has experience in the Council of Economic Advisors, Oren Cass representing American Compass, and Kim Klausing, a conventional economist. This diverse panel explores the implications of economic analysis during Trump's first term and potential directions for the next. The contrasting ideologies highlight the ongoing debates around critical issues such as trade policy, tariffs, and immigration, emphasizing the complexities of formulating effective economic strategies.
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