The Trade Policy Views of Biden ’s CEA Picks

Simon Lester andAlfredo Carrillo ObregonIt is commonly said that " personnel is policy, " which can make it worthwhile to look in depth at the views of key people appointed by a president.The Council of Economic Advisers (CEA) is an agency within the Executive Office of the President that advises the President on economic policy.This  post looks at the trade policy views of the three people Bidenhas just announced for the CEA: Cecilia Rouse (Chair), Heather Boushey and Jared Bernstein. (Of the three, Bernstein has had by far the most to say on trade policy.)Based on the quotes we offer below, none of them seem to have Trump ' s deeply ingrained protectionist views (e.g. none declare themselves to be "a tariff man" , or woman as the case may be), but they all have varying degrees of skepticism about trade liberalization and trade agreements.Cecilia Rouse:From a2019 profile of her:“There is a lot of research responding to this administration’s posture. Our profession has a lot of support for globalization and open markets, and this administration’s posture is almost that that’s not true. I think we needed to stop and say: ‘Well yes, with open trade there are winners and losers.’ I think it’s opened the profession to realize that the losers are really losing, and we need to take care of them and take on more nuanced models of international trade as a result.’”Back in 2012, shewas surveyed by the University of Chicago ’s Initiative on Global Markets. She was ...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs