Author: Kate Durham

One of the most important aims of any government is to build a resilient economy capable of navigating domestic and foreign shocks and force majeure situations. Robustness comes from having a solid manufacturing base that satisfies both local needs and exports, creating a stable inflow of foreign currency. The United States, the world’s largest economy, has become increasingly less resilient, importing more than it exports since the 1980s. The Trump administration’s efforts to promote domestic manufacturing largely focused on trade policy. During this period, the U.S. renegotiated the North American Free Trade Act, backed away from the Trans-Pacific Partnership trade agreement…

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