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Marc Fasteau is author, with Ian Fletcher, of Industrial Policy for the United States: Winning the Competition for Good Jobs and High-Value Industries. He is a Vice Chairman of the Coalition for A Prosperous America, the nation's premier bipartisan nonprofit organization working at the intersection of trade, jobs, tax and economic growth. Early in his career, he served on the professional staffs of the US Senate Majority Leader, the House Banking & Currency Committee, and the Joint Economic Committee. He was a partner at the New York investment bank Dillon, Read & Co. He has been involved in questions of international trade and industrial policy for 18 years and has written on international trade and industrial policy in the Financial Times Economist Forum and Palladium magazine. He is a graduate of Harvard College and Harvard Law School, where he was an editor of the Harvard Law Review. He lives in New York City.

  • US-EU Tariffs: Economic Impact and Industry Insights
    Marc notes that previous tariffs had minimal inflationary impacts, with steel at 2.4% and aluminum at 1.6%. He believes the new 25% tariffs will "boost domestic production and investment," outweighing minor price increases. US steel and aluminum industries saw capacity utilization rise and significant investments, suggesting positive outcomes for GDP and job quality.
  • Trump's Tariffs: Misjudged Impact on Economy and Manufacturing
    Marc argues that Trump's 2018 steel tariffs did not significantly raise consumer prices but boosted domestic production and investment. He criticizes free-trade models for ignoring tariffs' long-term benefits, such as stimulating domestic manufacturing and employment. Marc emphasizes that while tariffs can cause disruption, they are essential for correcting decades of poor policy.
  • New Tariffs: A Catalyst for Domestic Growth or Economic Disruption?
    Marc argues that Trump's 2018 tariffs defied predictions, boosting domestic production and investment with minimal consumer price impact. He emphasizes, "Tariffs can stimulate high-wage employment and manufacturing investment," though they may cause short-term disruptions. Marc warns against universal tariffs, advocating for targeted measures to rectify decades of poor policy.
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