IIEA Insights with Dan O'Brien and Brad Setser - 17th of April 2025

The Global Impact of US Economic Policies The international economic policies of the United States have shifted dramatically since the inauguration of Donald Trump as president at the end of January. Thus far, the most impactful have been a series of historically large tariff announcements on most countries in the world. Former US Treasury Economist, Brad Setser examines these policy changes and their implications for the US economy, global trade and investment flows, financial markets, and the role of the dollar as the world’s reserve currency. He also discusses his work on US corporate tax strategies. Brad Setser is the Whitney Shepardson Senior Fellow at the Council on Foreign Relations. Mr Setser served as a Senior Advisor to the United States Trade Representative from 2021 to 2022, where he worked on the resolution of a number of trade disputes. He had previously served as the Deputy Assistant Secretary for International Economic Analysis in the U.S. Treasury from 2011 to 2015, and as a Director for International Economics on the staff of the National Economic Council and the National Security Council. He has published widely, including co-authoring, with Nouriel Roubini, Bailouts and Bail-ins: Responding to Financial Crises in Emerging Economies, and has contributed to publications such as Foreign Affairs, Finance and Development and Global Governance. He regularly blogs at Follow the Money.