On this episode of Policy in Brief, Oren Cass is joined by American Compass policy director Chris Griswold to discuss how U.S. trade fell so far out of balance—and some ideas for how to rebalance it. They explore three key ideas: the global tariff, the import certificate, and the market access charge. All three use market forces to bring trade into balance and help fix the decades-long erosion of American industry and innovation.

Further Reading:
American Compass policy briefs: The Global Tariff, The Import Certificate, and The Market Access Charge
Regaining Our Balance (American Compass)
Searching for Capitalism in the Wreckage of Globalization (Oren Cass, American Compass)
Where's the Growth? (American Compass)
Here’s How I Would Solve the Trade Problem (Warren Buffett, Fortune)
Robert Lighthizer on the need for tariffs to reduce America’s trade deficit (The Economist)
Why the Market Access Charge is Necessary to Fix Trade Imbalances (John R. Hansen, Coalition for a Prosperous America)