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Peterson Perspectives: Interviews on Current Issues

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United States

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English

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202.328.9000


Episodes

Trade Talks Episode 43: Costing Trump's China Tariffs

6/21/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown explain some implications of President Trump’s plan to impose tariffs on US imports from China starting July 6, 2018, which could escalate to cover $450 billion of American imports. They speak to Mary E. Lovely (PIIE) and Simon Rabinovitch (The Economist) about which companies will be affected and how China might retaliate beyond tit-for-tat tariffs.

Duration:00:30:20

Trade Talks Episode 42: Trump and Tariff Tweets: It’s More Complicated Than That

6/15/2018
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Bown and Keynes explain the nonreciprocal pattern of tariffs—and nontariff barriers—across countries highlighted by President Trump’s tweets and statements about high levels of tariff protection received by Canadian dairy farmers, automakers in Europe and China, and more.

Duration:00:20:46

Trade Talks Episode 41: Trump and China's "War of Saliva"

6/8/2018
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Chad P. Bown (PIIE) and Soumaya Keynes (The Economist) update developments in the Trump administration’s on-again, off-again trade war, and trade negotiations with China. They also speak to a number of people in Beijing to better understand the Chinese views.

Duration:00:25:35

Trade Talks Episode 40: Steel and Aluminum Tariffs: Trump versus Everyone

6/2/2018
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Chad P. Bown (PIIE) and Soumaya Keynes (The Economist) explain the economic implications of President Trump’s decision to apply steel and aluminum trade restrictions on virtually all US trading partners as of June 1, 2018. Countries have announced their plans to retaliate against billions of dollars of US exports, to file WTO trade disputes, and to potentially impose restrictions on their own imports of steel and aluminum.

Duration:00:22:55

Trade Talk Episode 39: Car Crash—Trump Sees More National Security Threats

5/25/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown talk with Kristin Dziczek (Center for Automotive Research) about President Trump’s new investigation into whether imports of autos threaten American national security. They discuss the implications of potential new tariffs for the NAFTA negotiations, as well as trade relations with the European Union and China.

Duration:00:22:56

Trade Talks Episode 38: ZTE, Trump, and China—What’s the Fuss?

5/18/2018
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Soumaya Keynes and Chad P. Bown 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

Trade Talks Episode 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

Trade Talks Episode 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

Trade Talks Episode 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

Trade Talks Episode 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

Trade Talks Episode 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

Trade Talks Episode 32: Trump and China Decide: $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

Trade Talks Episode 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

Trade Talks Episode 29: After Trump’s Tariffs: Retaliation, Negotiation, and Litigation

3/9/2018
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Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown explain developments resulting from President Trump’s announcement of new "national security" import tariffs on steel and aluminum. They discuss those countries hit—and those excluded—from the tariffs, the implications for the NAFTA negotiations, and the process for more countries to seek exemption. They describe the European Union’s potential response of immediate retaliation and the imposition of its own emergency...

Duration:00:29:34

Trade Talks Episode 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

Trade Talks Episode 27: What Are Trade Deals For? Dani Rodrik Does Trade Talks, Part 3

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 3 of this 4-episode conversation, they discuss concerns with how economists have explained the costs and benefits of trade deals to the public, the role of social safety nets, and adjustment programs to address trade “shocks” such as NAFTA and China’s entry into the WTO, as well as President Trump’s approach to trade...

Duration:00:07:16

Trade Talks Episode 25: What Are Trade Deals For? Dani Rodrik Does Trade Talks, Part 1

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 1 of this 4-episode conversation, they discuss the purpose of such deals, the gains from easing labor market restrictions, and Dani’s views on inserting provisions into free trade agreements regarding intellectual property rights protection, investor-state dispute settlement (ISDS), and rules of origin.

Duration:00:16:01

Trade Talks Episode 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

Trade Talks Episode 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...

Duration:00:21:33

Should the United States Sanction Venezuelan Oil?

2/12/2018
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Monica de Bolle argues that sanctioning Venezuela’s oil company PDVSA will worsen the country's humanitarian crisis but will likely not change President Nicolas Maduro's behavior.

Duration:00:07:16