Outside voices: Putting the ‘spotlight back where it belongs’

Bill Reinsch read – and liked – Treasury Secretary Janet Yellen’s recent encomium on a trade policy rooted in traditional principles and her endorsement of friend-shoring as central to the policy way forward, in the process taking a swipe or two at Biden administration emphasis (“particularly in the Office of the Trade Representative”) on the “distribution of trade benefits rather than their creation.” Reinsch, who was longtime head of the industry-centered National Foreign Trade Council and now critiques policy as...