Trade Talks | PIIE
12: How to Save a (Pacific) Trade Deal
PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of the Economist examine the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). They discuss how 11 persistent countries pulled the original TPP deal from President Trump's dustbin and pushed toward agreement by suspending certain important elements. They also speak with PIIE Senior Fellow Jeffrey J. Schott about the motivation behind the agreement for countries like Japan, Australia, Malaysia, Vietnam,...
Episode 11: The Complicated Impact of Trade...on Developing Countries
PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of the Economist examine the impact of international trade on economic activity within developing countries like India, Vietnam, and Brazil. They talk with Professor Nina Pavcnik of Dartmouth College about her research on how trade liberalization has impacted workers and firms, what affects their ability to adjust, and the implications for poverty reduction and inequality. They also discuss the challenges and domestic policy implications...
Episode 10: What If the UK Crashed into a No-Deal Brexit?
PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist examine what a no-deal Brexit would look like, or the economic implications if Britain were to split from the European Union without a new trade deal. They talk with Professor Swati Dhingra of the London School of Economics about her research on what reverting to World Trade Organization (WTO) tariffs would mean for the United Kingdom. They also discuss looming nontariff barriers to trade in sectors like pharmaceuticals,...
Trade Talks Episode 8: NAFTA Time Out--Unsurprisingly Unconventional
Soumaya Keynes of the Economist and PIIE Senior Fellow Chad P. Bown focus on the economic tension arising through the ongoing NAFTA—or North American Free Trade Agreement—talks between the United States, Canada, and Mexico. The episode also dives into the question of how integrated the NAFTA economy is, exploring value-added in the hotly contested automobile industry. The trade geeks also provide rapid-fire answers to questions from listeners who were asked "What else do you want to know...
Trade Talks Episode 7: Tariffs, Subsidies, and Not-So-Friendly Skies
Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown discuss an ongoing trade dispute involving large civil aircraft jets, Bombardier and Boeing, as well as the governments of Canada, the United Kingdom, and the United States. The dispute involves subsidies, the Trump administration's potential imposition of tariffs, and the high-stakes politics of putting Quebec and Northern Ireland jobs at risk.
Trade Talks Episode 6: Uncertainty and Trade Deals--Not Good
PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist focus this week on the costs of increased uncertainty generated by President Trump's threat to rip up US trade agreements as well as the United Kingdom's Brexit vote to leave the European Union. Professor Nuno Limão of the University of Maryland joins to discuss his recent research on how trade agreements reduce investment uncertainty and provides insight from Portugal's 1986 entry to the European Community, China's 2001...
Trade Talks Episode 5: Solar Tariffs, Clean Energy (and Trump)
Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown discuss President Trump's upcoming choice to grant trade protection to a sliver of the US solar manufacturing industry. The episode describes cleavages within the solar industry, including jobs, and the rarely used US Section 201 trade law being deployed. It chronicles the long history of environmental, economic, and trade policy problems--in the United States, the European Union, and China--behind the solar panel dispute...
Trade Talks Episode 4: Holding the WTO Hostage, Trump Style
Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown focus on the Trump administration's approach to the World Trade Organization (WTO). The episode describes US Trade Representative Robert Lighthizer's recently articulated positions involving WTO dispute settlement rulings adverse to the United States (e.g., "zeroing"), a looming crisis in Geneva that threatens the WTO's independent Appellate Body, and the administration's approach toward "mercantilist China" inside or...
Trade Talks Episode 3: Nerves of Steel: Waiting for Trump's Trade War
Soumaya Keynes (The Economist) and Chad Bown (PIIE) focus on the Trump administration's risking a trade war, after the president started a Section 232 investigation into whether steel and aluminum imports are a threat to US national security. The episode describes the controversial law that the president triggered, the international response that included threats of retaliation, and the economic problems of both the underlying Chinese overcapacity as well as the administration's potential...
Trade Talks Episode 2: Trump Threatens the South Korea-US Trade Deal
This week Chad P. Bown and Soumaya Keynes focus on the South Korea–US free trade agreement (KORUS) and President Donald Trump's unhappiness with it, as his administration alternates between threats of withdrawal and renegotiation. The episode chronicles the rocky negotiating history of the deal, explains the role of professional economists in advising trade policymakers, and evaluates the performance of KORUS five years after it was finally implemented.
Trade Talks Episode 1: NAFTAnomics: The Economics of Three Big Fights
Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown discuss the economics of trade policy. This week they focus on three big fights in the North American Free Trade Agreement (NAFTA) renegotiations, as President Donald Trump steers the trade relationship between the United States, Mexico, and Canada on Twitter. The first is about the ability of foreign companies to sue governments under NAFTA; the second is Trump seeking to remove constraints on imposing antidumping and...
Trade Talks Special Episode: Trump's Unfair Trade Action against China
Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown discuss the issues involved in President Trump's triggering a "Section 301" investigation of China's unfair treatment of American intellectual property. This special episode covers two questions: What is forced technology transfer, and is it a problem? Is Trump's approach on China the right one?
Trade Talks Episode 0: Introduction to the Weekly Podcast
Soumaya Keynes of the Economist and PIIE Senior Fellow Chad P. Bown introduce a weekly and geeky podcast on developments in international trade and policy. This week's episode covers the hosts' favorite trade (short) stories of the year and their very revealing answers to the question: Why trade? The podcast's official launch is on iTunes September 1, 2017.