CFR Launches New Task Force on Economic Security

The Council on Foreign Relations (CFR) has launched a new Task Force on Economic Security that will examine the trade-offs required to balance growth and competitiveness with resilience and national security. Building on this analysis, the Task Force will develop a rubric for strengthening U.S. economic security by defining clear objectives, addressing policy gaps, and upgrading relevant tools for policymakers, including export controls, investment screening, tariffs, and industrial policy. 

The Task Force is chaired by former Secretary of Commerce Gina M. Raimondo, former Deputy Secretary of the Treasury Justin G. Muzinich, and current Chairman, President, and CEO of Lockheed Martin James D. Taiclet. Jonathan E. Hillman, CFR senior fellow for geoeconomics, serves as project director. 

“As the worlds of national security and economics converge, it is essential to have a systematic approach to wielding defensive and offensive tools of economic statecraft. Under the leadership of our distinguished co-chairs, this bipartisan Task Force will provide vital guidance on the most effective means of government intervention to protect U.S. economic security,” said CFR President Michael Froman.  

The Task Force is convened under the auspices of RealEcon: Reimagining American Economic Leadership, a CFR initiative that works to assess the role of the United States in the international economy, analyze what is at stake for the American people, and identify the trade-offs in different policy approaches.  

CFR Task Forces bring together groups of experts from a variety of backgrounds and perspectives to address issues of critical importance to U.S. foreign policy. As one of CFR’s foremost lines of work, Task Forces help shape the policy discourse and generate policy impact at the highest levels of government. 

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