G-20 And The New Economy

Ohio Sen. Sherrod Brown and Jeff Madrick, director of policy research at The New School’s Schwartz Center for Economic Policy Analysis, join Institute for America's Future co-director Robert Borosage in calling for President Obama to champion fairer global trade policies that safeguard American jobs at the G-20 summit in Pittsburgh. Both Brown and Madrick applauded Obama's decision to put a tariff on tires imported from China, and they both encouraged Obama to dismiss fears that the action would lead to a trade war. Governments should not confuse legitimate actions to support domestic businesses with "protectionism," Brown says.

Brown also says that climate change legislation currently pending in the Senate will not pass without assistance for American manufacturers. (The Hill publishes details.)