Trade deficits and the case for tariffs

American Moment Priority #6: Trade policy must promote middle-class jobs, American industry, and national security.

Guests Robert Lighthizer, Oren Cass, Michael Stumo, and Mark Fasteau make the case for tariffs and industrial policy to protect American industry and promote fair trade, reshoring, and national security in this supercut of Moment of Truth episodes. Explore the full episodes below:

Industrial Policy for America (ft. Marc Fasteau)

Marc Fasteau is the founder and has served as chairman of the the American Strategic Insurance Group, a property & casualty insurer with approximately $1.1 billion in premium operating in 26 states. The holding company for the Group, Arx Holding Corp, and its shareholders, have entered into a definitive agreement, expected to close in April 2015, to sell a majority interest in Arx to Progressive Corporation (PGR:NYSE)

Rebuilding American Capitalism (ft. Oren Cass)

Oren Cass is the executive director of American Compass and author of The Once and Future Worker: A Vision for the Renewal of Work in America (2018). He is a contributing opinion writer for the Financial Times and his work also appears regularly in publications including the New York Times and the Wall Street Journal. Previously, Oren worked as a management consultant in Bain & Company’s Boston and Delhi offices. During this period, he earned his J.D. magna cum laude from Harvard Law School, where he was elected vice president and treasurer of the Harvard Law Review and oversaw the journal’s budget and operations. While still in law school, Oren also became Domestic Policy Director for Governor Mitt Romney’s 2012 presidential campaign. He then worked as a Senior Fellow for the Manhattan Institute. In 2020, he founded American Compass.

Biden's Build Back Beijing Plan (feat. Michael Stumo)

Michael Stumo is the Chief Executive Officer of the Coalition for a Prosperous America (CPA). CPA is a national bipartisan organization including agriculture, manufacturing and organized labor. CPA works for policies to balance U.S. trade, create jobs and achieve broadly shared prosperity. CPA represents the interests of over 4.1 million households through its association and company members. Previously, Michael was a lawyer and litigator at Brignole, Bush and Lewis (Hartford CT) and Domina Law (Omaha NE). He was general counsel for the Organization for Competitive Markets focusing upon agriculture and antitrust. Michael holds a B.S. from Iowa State University in Agriculture (high distinction) and a law degree from the University of Iowa (high distinction). He lives on a farm in southwest Massachusetts with his wife, Nadia, where they raised three children.