U.S. Trade Representative Katherine Tai is pushing back at critics of the Biden Administration’s withdrawal from decades of trade liberalization. She continued the populist rhetoric that the Administration’s position is a defense of workers, that the U.S. position reflects a global trend, and that this will be a long-term trend. As characterized by former Clinton labor secretary and stalwart trade skeptic Robert Reich, the rules have been rigged against American manufacturing workers and this is a necessary reset.  Meanwhile, Republicans seeking to replace Mr. Biden are echoing this message. Former President Trump wants to impose a 10-percent tariff across the board, and his primary opponents are focused on shutting down t...

TAGS – North America, Macroeconomics