Radio: What Does an America-First Economy Look Like?

Caroline Melear from the R Street Institute, joins the show to discuss the anticipated financial policies of the Trump administration. Melear highlights the dual nature of the administration’s approach, characterized by populism and deregulation. On one hand, Trump presents himself as a populist, advocating for consumer-oriented policies like capping credit card interest rates. On the other hand, there is a strong push for deregulation, particularly in the financial sector, aiming to reduce government intervention and promote business growth.

Melear explains that the administration’s strategy involves balancing these two approaches. For instance, while consumer protection measures may continue, they might not be enforced through federal agencies. Simultaneously, there is a move to roll back international banking standards imposed during the Biden administration, reflecting a deregulatory stance.

The conversation also touches on the broader implications of these policies. Melear suggests that Trump’s America First agenda, which includes protectionist measures like tariffs, aims to prioritize American businesses and workers. However, she acknowledges that tariffs can lead to higher consumer prices and are often used by Trump as a negotiation tool.

Despite the potential challenges, Melear believes that the administration is determined to implement lasting changes that cannot be easily reversed by future administrations. She emphasizes that the administration’s focus on deregulation is intended to unleash American innovation and support businesses of all sizes.

In summary, the Trump administration’s financial policies are expected to be a mix of populism and deregulation, with a focus on consumer protection and business growth. The use of tariffs and other protectionist measures will be key tools in this strategy, aiming to strengthen the American economy while navigating the complexities of global markets.

Listen to the interview here.