Oren Cass

Oren Cass is the chief economist at the American Compass thinktank in Washington, D.C.

Wednesday

Oren Cass

Was ‘free trade’ really working?

From our UK edition

29 min listen

Oren Cass, founder and chief economist of think-tank American Compass, sits down with Freddy Gray at the ARC conference in London. They react to the announcement by President Trump over the weekend of reciprocal tariffs: the decision by the US to match import duties levied by other countries.  What's the strategy behind Trump's decision? And what could the consequences be for American companies and for global trade? They also discuss the broad political consensus behind free trade in the US since the 1990s. Given the 'lived reality' that faced many American investors and companies - for example competing with Chinese Electric Vehicles - was the free trade really working anyway? Produced by Natasha Feroze and Patrick Gibbons.

Thursday

Oren Cass

What economists don’t get about Trump’s tariffs

From our UK edition

We already knew that most economists are quite bad at economic policy. Unfortunately, foreign policy appears not to be much of a strength either. Indeed, it appears most financial experts may not even know the difference, based on their criticism of Donald Trump’s recent tariff threats against Mexico, Canada and China. Of course, a nation can introduce tariffs to generate revenue, promote domestic production, shift international supply chains and ‘decouple’ itself from an undesirable trading partner. But a nation can also use tariffs as powerful leverage to make other states change their behaviour. That is a negotiating tariff, not an economic one, and it is designed not to minimise potential domestic pain but to maximise potential cost for the counterparty.