Tom Wyler is the senior vice president for global strategy at PSP Capital. He formerly served as counselor and senior adviser for international economics under former secretary of commerce Penny Pritzker and was responsible for managing the Department of Commerce’s global economics team.
When a diverse group of analysts studied the effects of U.S. foreign policy decisions on the middle class, they found a worrying picture. Here is how Washington can do a better job.
To help expand and sustain America’s middle class, U.S. foreign policy makers need a new agenda that will rebuild trust at home and abroad.
As millions of Americans contend with lost wages and savings due to the coronavirus, the challenge of making U.S. foreign policy work harder for the middle class is even more vital.
While the U.S. economy has been growing and unemployment rates have fallen, too many Americans still struggle to sustain a middle-class lifestyle. Are changes to U.S. foreign policy required to better advance the economic well-being of America’s middle class?
What is increasingly apparent is that the imposition of reciprocal tariffs on goods is a symptom of a larger structural shift in Sino-U.S. relations.
Policymakers need to explore ways to make U.S. foreign policy work better for America’s middle class, even if their economic fortunes depend largely on domestic factors and policies.