event

Trade Intervention for Freer Trade: A Conversation with Michael Pettis

Thu. October 3rd, 20249:00 AM - 10:00 AM (EDT)
In-Person & Online Event

The free trade consensus of the era of hyper-globalization has broken. Policymakers point to the decline of American manufacturing to question the assumption that trade, unfettered by national borders, can unleash prosperity for all. Under both President Biden and President Trump, the United States has wielded tariffs and industrial policy to reshape the international trade order to better serve American interests. A new trade policy consensus, however, has yet to emerge.

In their new paper, Trade Intervention for Freer Trade, Michael Pettis, a nonresident senior fellow in at the Carnegie Endowment for International Peace, and Erica Hogan, a research assistant in the Carnegie Global Order and Institutions Program, assess policies that could create a new global trading system that preserves the freedom of nations to direct their economies while harnessing the benefits of trade. How has existing international trade policy hampered the potential of trade to generate wealth? What factors are influencing the persistence of U.S. trade imbalances and the decline of American manufacturing? And what can the next administration do to promote trade that advances American interests?

Please join Stewart Patrick, director of the Global Order and Institutions Program, for a conversation with Michael Pettis on these and other issues.

TradeEconomyGlobal Governance
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
event speakers

Michael Pettis

Nonresident Senior Fellow, Carnegie China

Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets. 

Stewart Patrick

Senior Fellow and Director, Global Order and Institutions Program

Stewart Patrick is a senior fellow and director of the Global Order and Institutions Program at the Carnegie Endowment for International Peace. His primary areas of research focus are the shifting foundations of world order, the future of American internationalism, and the requirements for effective multilateral cooperation on transnational challenges.