Audio Briefs A Partial Pause on Tariffs—Will the United States Choose Innovation Instead?
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Apr 11, 2025 In this engaging discussion, Navin Girishankar, a CSIS expert and author, delves into the implications of President Trump's recent decision to pause tariffs. He explores how this move has stirred varied responses from the business community. The conversation highlights the historical effects of tariffs on U.S. manufacturing and emphasizes the critical role of innovation and technology in driving economic resilience for the future.
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US Economic Policy Instability
- The U.S. economic policy, once a source of global stability, is now a source of risk.
- President Trump's tariff policies are causing instability in the global economy.
Shifting Global Economic Order
- The current trade war contrasts with the neoliberal order built by leaders like Ronald Reagan and Margaret Thatcher.
- This order promoted open markets, cross-border trade, and investment for wealth creation.
Overlooking the Human Cost of Reform
- Economic policy requires understanding both market mechanics and the people impacted by them.
- Policymakers failed to address the full costs of economic reforms on American workers.