was "affirmatively embracing the ," mentioning that the administration ratified a WTO deal on Tuesday to slash subsidies that prompt overfishing and damaged marine environments. "And seizing the opportunity to try to set ourselves up for a more positive set of better outcomes from our trade policies working in tandem with our other economic policies." "We're looking for new approaches to help us navigate a very challenging economic time period right now," Tai said. Tai, the current US trade representative, argued that trade was a critical lever for the Biden administration to tilt the American economy to benefit workers. "Decoupling is very scary.what is going to happen is, at some point, American business is going to look at itself and say, 'It's not worth it.' Or 'I can't afford to be active in both places I'm going to have to pick that isn't good for the world.'"
"Frankly, the two largest economies need to work together," she said. Pritzker also warned against severing economic ties with China saying that U.S.
Pritzker said that across sectors in the U.S., "everybody's struggling." She said that inflation needs to come down, because "frankly, I don't know that the economy can afford the Fed continuing on the path it's been on. Referring to the banking crisis, Pritzker said it was going to have "massive ripple effect as it relates to credit, credit availability and real estate particularly, I think you're going to see a big disruption there." said the United States is in the best position in the world, and that's a little troubling given I think we've got challenges in our economy," she said, citing inflation and banking challenges.
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