The United States needs a more active role in reshaping the international economic order. While completely abandoning the international trading system is deemed disastrous, the current status quo presents security vulnerabilities and unclear economic benefits for the US.
The next generation of US international economic policy should better link security and economic relations to achieve the benefits of truly free trade. Careful calibration and deliberate pacing of adjustments are crucial.
The United States must play a more active role in reshaping the international economic order. Completely abandoning the international trading system would be a disaster for the American people and our allies. However, the status quo creates security vulnerabilities, and the aggregate economic benefits for the United States are unclear. The next generation of America’s international economic policy must more closely link security and economic relations to deliver the benefits that truly free trade can bring. Adjustments are needed, but they must be carefully calibrated and deliberately paced.
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