The Council on Foreign Relations (CFR) has released a new report titled "American Views on Economic Leadership," which highlights the perspectives of Americans on international economic policy. The report suggests that local input is crucial for shaping these policies, and emphasizes the need for Americans to have tools to compete fairly in the global market. It also stresses the importance of clearly communicating the costs and benefits of economic policies.
CFR President Michael Froman said, "The United States’ international economic policies may be crafted in Washington, DC, but their impact is concentrated in local communities of workers and consumers across the country." He added that amid significant changes in U.S. trade approaches under President Trump, this report provides valuable insights into how Americans perceive these shifts.
The report was coauthored by Matthew P. Goodman, director of CFR’s RealEcon Initiative, and Allison Smith, associate director of RealEcon. Their findings are based on discussions with over 400 individuals across nine states. The themes identified include the coexistence of economic dynamism and insecurity in the U.S., challenges faced by employers in finding qualified workers, and the ongoing importance of manufacturing despite job losses.
Additionally, it was noted that while most Americans recognize the benefits of trade, there is frustration over unfair practices and unequal distribution of its advantages. Foreign direct investment is generally welcomed but comes with concerns about unmet economic promises. While Americans see value in foreign aid, they have reservations about its costs and uses.
Concerns about China are reportedly less pronounced among Americans compared to debates in Washington. The authors conclude that U.S. engagement in the global economy continues to offer substantial benefits but also presents challenges that require careful policy design to maximize gains and manage risks.
For further details or interviews with the authors, interested parties can contact CFR directly through their provided email address.
Information from this article can be found here.
