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Levy a tariff on all imports that rises until trade is balanced

Make American goods more attractive to foreigners than American assets

Balance trade by requiring importers to purchase credits from exporters.

On this episode of Policy in Brief, Oren Cass is joined by American Compass policy director Chris Griswold to discuss how U.S. trade fell so far out of balance—and some ideas for how to rebalance it.

“Bad competitiveness” results in weakening demand, which either reduces global production or requires surging debt to maintain demand and production at its existing level. Perhaps that rings a bell, because it is the world we live in.

President Reagan negotiated a quota on Japanese imports that bought Detroit time to retool and spurred massive foreign investment in a new manufacturing base in the South.

American Compass’s Oren Cass argues that the CHIPS Act marks an inflection point for America turning away from globalization and revitalizing domestic industry.

American Compass executive director Oren Cass argues that demanding perfect legislation is a convenient excuse for voting no, and a standard by which everyone would always vote no.

American Compass executive director Oren Cass makes the case against rolling back tariffs on China in response to inflation.

American Compass executive director Oren Cass makes the case that revitalizing the American industrial base requires moving beyond globalization.