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Trade Talks | PIIE

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United States

Language:

English

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202.328.9000


Episodes

38: ZTE, Trump, and China--What's the Fuss?

5/18/2018
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Soumaya Keynes (The Economist) and Chad P. Bown (PIIE) discuss with Yuan Yang of the Financial Times how the US Commerce Department decision to sanction Chinese telecommunications giant ZTE—and its potential reversal by President Trump—affects the firm's supply chain and Chinese and American jobs. They also discuss its impact on US-China trade negotiations and Beijing's "Made in China 2025" industrial policy.

Duration:00:18:54

37: Cottoning on to Trade

5/8/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown talk with Professor Claudia Steinwender (Massachusetts Institute of Technology) about her research on the impact of the trans-Atlantic telegraph on trade. New information through the telegraph affected 1860s cotton price differences between New York and Liverpool, export volumes, and volatility. Claudia then describes how the telegraph affected trade differently at distinct points of the cotton textile supply chain,...

Duration:00:26:45

36: The Railroads Episode: America, India, and Intranational Trade

5/1/2018
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Soumaya Keynes of the Economist and PIIE Senior Fellow Chad P. Bown discuss with Dave Donaldson (Massachusetts Institute of Technology) his research on how massive railroad projects—across America in the late 1800s and colonial India in the early 1900s—affected trade costs, market access, intranational trade, and economic development. Professor Donaldson received the Johns Bates Clark Medal in 2017.

Duration:00:31:16

35: The Labor of NAFTA

4/27/2018
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PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist explain controversial elements of the ongoing NAFTA negotiations that relate to jobs, wages, and workers. There are tradeoffs in the new proposals for automobile rules of origin, the enforcement of labor standards given a recent US trade dispute with Guatemala, and the Trump administration's potential new approach to investor-state dispute settlement. They also explain Trade Promotion Authority and the US congressional...

Duration:00:23:53

34: So You Want To Be a Trade Negotiator

4/20/2018
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PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of the Economist sit down with former acting deputy US Trade Representative Wendy Cutler to learn how to negotiate trade agreements. Wendy shares 25 years of experience balancing domestic politics, while driving hard bargains with Japan and South Korea over issues like auto rules of origin and cow teeth. They discuss ongoing NAFTA negotiations and the right way to do trade policy with Japan.

Duration:00:30:00

33: Trade and Investment Talks: China Wants America's Technology

4/13/2018
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Soumaya Keynes of the Economist and PIIE Senior Fellow Chad P. Bown explain the Chinese economic development strategy at the core of the Trump administration's Section 301 dispute and latest tariff threats. They discuss Beijing's "Made in China 2025" industrial policy, how technology gets transferred, and the tradeoffs American companies face when doing business in China.

Duration:00:20:11

32: Trump, China, and Tariffs: $3 billion, $50 billion, or $100 billion?

4/6/2018
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Soumaya Keynes of the Economist and PIIE Senior Fellow Chad P. Bown discuss the escalating tariff fight between President Trump and China. They update the status of Trump's "national security" tariffs on steel and aluminum as well as Beijing's retaliation over $3 billion of imports. They also analyze Trump's $50 billion Section 301 tariff proposal, China's $50 billion proposed retaliatory response, before turning to Trump's subsequent $100 billion request for more tariffs....

Duration:00:37:52

31: Trade Wars and the Smoot-Hawley Tariff: What Really Happened?

3/20/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown speak with Douglas Irwin (PIIE and Dartmouth College) about popular misconceptions around the Smoot-Hawley Tariff Act of 1930, the Great Depression, and the global trade wars that ensued. They discuss how the gold standard, tariffs, quotas, exchange controls, imperial preferences, and bartering all fit into the dismantling of the international trading system in the 1930s. They then put President Trump's trade policy...

Duration:00:16:01

30: Trade Talks to Real People

3/15/2018
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Soumaya Keynes of the Economist and PIIE Senior Fellow Chad P. Bown have a conversation with Ana Swanson from the New York Times about trade and journalism. They discuss encounters relating to steel, aluminum, softwood lumber and lobsters, as well as the surprises along the way, and how to strike a balance between data and anecdotes.

Duration:00:23:22

28: What Are Trade Deals For? Dani Rodrik Does Trade Talks, Part 4

3/2/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown have a wide-ranging conversation with Dani Rodrik (Harvard Kennedy School) about trade agreements. In Part 4 of this 4-episode conversation, they provide a "bonus" technical discussion about the state of formal economics research into the purpose of trade agreements. This includes how governments use cooperative trade deals to both stop the spread of international externalities and to tie their own hands with respect to...

Duration:00:03:29

26: What Are Trade Deals For? Dani Rodrik Does Trade Talks, Part 2

3/1/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown have a wide-ranging conversation with Dani Rodrik (Harvard Kennedy School) about trade agreements. In Part 2 of this 4-episode conversation, they discuss ways to improve such deals as well as his views on social dumping, labor differences across countries, and inserting labor standards into free trade agreements. The also talk about how enforceable labor standards fit into the original Trans-Pacific Partnership (TPP)...

Duration:00:20:14

24: The Trump Administration Views Trade as National Security Threat

2/21/2018
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Soumaya Keynes of the Economist and PIIE Senior Fellow Chad P. Bown explore the US Department of Commerce findings that imports of steel and aluminum threaten national security and the recommendation that President Trump impose new trade restrictions. They speak with Jennifer Hillman (Georgetown Law) about the trade law in use (Section 232 of the Trade Expansion Act of 1962), the differences between the proposed tariffs and quotas, the likely costs of such a decision, and the implications...

Duration:00:29:55

23: Did Protectionism Make America Great?

2/15/2018
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PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of the Economist talk with PIIE Senior Fellow Douglas Irwin about his recent book Clashing over Commerce: A History of US Trade Policy and the role that protectionism played in the US economy during its industrial development of the 19th century. They examine Henry Clay's proposal for an "American system," the Jeffersonian trade embargo of 1807–09, as well as the theoretical arguments for—and the practical arguments against—the benefits of...

Duration:00:21:33

22: The Other UK Trade Deals--Brexit and Rolling over the EU's FTAs

2/8/2018
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PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist discuss the challenges facing the UK government as it seeks negotiations separate from the Brexit talks to maintain existing market access through the European Union's free trade agreements with more than 60 countries. Roughly 15 percent of UK goods trade is with such countries, which include South Korea, Canada, and Mexico. They speak with University of Sussex Professor Michael Gasiorek about complications preventing the...

Duration:00:26:25

21: North American Cars--Before and After NAFTA

2/2/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown discuss the evolution of the auto industry in North America. Long before the 1994 North American Free Trade Agreement (NAFTA), the 1965 Canada-US Auto Pact, Mexican maquiladora program, OPEC-induced oil shocks, voluntary export restraints on Japan, and changing consumer preferences shaped the auto industry. NAFTA led to new cross-border supply chains and geographic clusterings in the American "auto alley" as well as in...

Duration:00:26:10

20: Tariff Time! Washing Machines and Dirty Trade Policy

1/26/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown discuss the controversy surrounding the US washing machine market and update the solar panels case, in light of President Trump's decision to impose safeguard tariffs under Section 201 of the Trade Act of 1974. For washers, they describe the history of US mergers in the industry; earlier US antidumping and countervailing duties imposed on South Korea, Mexico, and China; and decisions by foreign companies to invest in...

Duration:00:23:57

19: GSP--Low Tariffs for Development?

1/19/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown discuss the Generalized System of Preferences (GSP), the program rich countries use to offer lower tariffs to exporters in developing countries. They discuss a variety of programs—the now expired US GSP scheme, the African Growth and Opportunity Act (AGOA), as well as differences with the European Union's GSP, GSP+ and Everything But Arms (EBA) policies. They speak with Emily Blanchard (Tuck School at Dartmouth College)...

Duration:00:39:25

18: Brexit--Sectoral Analyses or Impact Assessments?

1/9/2018
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Soumaya Keynes (The Economist) and PIIE Senior Fellow Chad P. Bown speak with Professor Meredith Crowley (University of Cambridge) about her Brexit research. Crowley describes results from her use of information on product-level UK exports and trade policies to identify the key sectoral risks of Britain exiting the European Union without a new trade deal. She also explains the uncertainty associated with UK exports to the EU facing tariff-rate quotas for agriculture, as well as trade...

Duration:00:30:12

17: WTO Ministerials--Now and Then

12/21/2017
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PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist focus on the December 2017 World Trade Organization (WTO) ministerial meeting in Buenos Aires. They describe the contentious negotiations over India's public stockholding program, fishing subsidies, and electronic commerce. They interview author Paul Blustein about his book "Misadventures of the Most Favored Nations: Clashing Egos, Inflated Ambitions, and the Great Shambles of the World Trade System," including the Battle...

Duration:00:27:00

16. Weird Trade Barriers--Or How Trade Talks Help a Cocktail Party

12/15/2017
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PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist survey listeners and conduct interviews from the WTO ministerial meeting in Buenos Aires, to describe some of the more bizarre—and fascinating—barriers to international trade found in human history. They analyze the economics of policies applied in countries around the world that affect bicycles and skis, the Internet, video cassette recorders and pirated movies, as well as alcohol, chocolate, and tobacco.

Duration:00:23:11

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