Top economist explains why Trump's trade ideas might work this time

Conservative think-tank founder **Oren Cass** shares fresh views on US trade policy and economic reform. His ideas about tariffs and worker-focused approach are getting attention from key Republican figures

November 22 2024 , 06:42 PM  •  543 views

Top economist explains why Trump's trade ideas might work this time

Donald Trump wants to set-up big-time tariffs (60% on Chinese goods and 20% on other imports)‚ which has got many world leaders feeling uneasy

Tariffs are the most beautiful word in the dictionary

Donald Trump stated

Oren Cass‚ who runs American Compass think-tank doesnt work for Trump but his ideas are getting lots of attention. Rising Republican stars like J.D. Vance and Marco Rubio support his worker-first approach; he also helped write Project 2025 which might shape Trumps next presidency

The US-China trade story started about 25 years ago when China joined the WTO. Since then free-trade hasnt worked as planned - economists got it wrong Cass says. While Americans can buy cheap stuff now many workers lost their jobs; its time to fix this trade-off

Cass makes an interesting point about prices: “Just like carbon tax isnt just a sales tax tariffs arent either“. He thinks making things in America matters more than cheap imports (which often get help from Chinese government subsidies)

The global trade system needs a re-think according to Cass:

  • Old free-trade models dont work anymore
  • US shouldnt worry too much about smaller countries
  • China doesnt play fair with trade rules
  • America needs to put its interests first

When asked about immigration Cass suggests a step-by-step fix:

  • Start with criminals who broke laws
  • Remove recent border crossers
  • Make companies check worker papers better
  • Stop hiring people without proper permits

Its interesting how Cass agrees with some left-wing ideas about helping workers - even Bernie Sanders views on trade problems. But he thinks Biden focused too much on climate change student loans and not enough on good jobs