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Trade Talks

Updated 3 days ago

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Soumaya Keynes (The Economist) and Chad P. Bown (Peterson Institute for International Economics) cohost a podcast about the economics of international trade and policy. From trade wars to trade deals, this podcast covers trade developments with insights and economic analysis from two of the world's top trade geeks.

Read more

Soumaya Keynes (The Economist) and Chad P. Bown (Peterson Institute for International Economics) cohost a podcast about the economics of international trade and policy. From trade wars to trade deals, this podcast covers trade developments with insights and economic analysis from two of the world's top trade geeks.

iTunes Ratings

212 Ratings
Average Ratings
199
9
1
2
1

Great podcast

By alikat2549 - Dec 08 2018
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Breaks down complex trade topics in a way that’s easy to understand. Hosts are entertaining, too!

Go to trade and FP Analysis

By GhostfaceRob216 - Sep 16 2018
Read more
Easily digestible episodes that will entertain and inform on trade.

iTunes Ratings

212 Ratings
Average Ratings
199
9
1
2
1

Great podcast

By alikat2549 - Dec 08 2018
Read more
Breaks down complex trade topics in a way that’s easy to understand. Hosts are entertaining, too!

Go to trade and FP Analysis

By GhostfaceRob216 - Sep 16 2018
Read more
Easily digestible episodes that will entertain and inform on trade.
Cover image of Trade Talks

Trade Talks

Updated 3 days ago

Read more

Soumaya Keynes (The Economist) and Chad P. Bown (Peterson Institute for International Economics) cohost a podcast about the economics of international trade and policy. From trade wars to trade deals, this podcast covers trade developments with insights and economic analysis from two of the world's top trade geeks.

Rank #1: 26: What Are Trade Deals For? Dani Rodrik Does Trade Talks, Part 2

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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) agreement as well as the talks to potentially rewrite the North American Free Trade Agreement (NAFTA).

Mar 01 2018

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Rank #2: 21: North American Cars–Before and After NAFTA

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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 Mexico, affecting hundreds of thousands of North American jobs.

Feb 02 2018

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Rank #3: 49: Are Trump’s Steel Quotas Worse than His Steel Tariffs?

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Keynes and Bown describe how the Trump administration’s quotas imposed on steel imports from South Korea, Brazil, and Argentina are different from the simple application of tariffs. They speak with Ambassador Jennifer Hillman—former administrator of US quotas for textiles and apparel in the 1990s—and Aaron Padilla (American Petroleum Institute) to explain the structure of Trump’s quotas, the perverse economic incentives and unintended consequences they create, and the new difficulties facing American businesses.

Aug 01 2018

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Rank #4: 11: The Complicated Impact of Trade…on Developing Countries

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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 of the pockets of nonadjustment that are found—not only in America—but even in the developing world.

Nov 09 2017

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Rank #5: 25: What Are Trade Deals For? Dani Rodrik Does Trade Talks, Part 1

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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.

Mar 01 2018

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Rank #6: 32: Trump, China, and Tariffs: $3 billion, $50 billion, or $100 billion?

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Keynes and 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….

Apr 06 2018

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Rank #7: 57: It’s Fun to Discuss the USMCA—the New NAFTA

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Keynes and Bown describe key elements of the United States-Mexico-Canada Agreement, or USMCA, announced on October 1, 2018. Beneath the spin, they analyze what the deal really does, including where new market access has been granted, and where new rules have been written. Will the new deal generate American jobs in car manufacturing? Will it strengthen Mexico’s labor standards? Will it stop Canada from signing a future trade deal with China?

Oct 05 2018

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Rank #8: 9: Happy 70th GATTiversary–The Origins of Multilateral Trade

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On the occasion of its 70th anniversary, PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist focus on the origins of the General Agreement on Tariffs and Trade, or GATT. They speak with the authors of “The Genesis of the GATT” (Cambridge University Press)–Professors Douglas Irwin, Petros Mavroidis, and Alan Sykes–about the gripping lead-up to the signing of the transformative trade agreement on October 30, 1947. The American Smoot-Hawley tariffs, British Imperial Preferences, World War II, Lend-Lease Act, John Maynard Keynes, James Meade, the Lacock Scholars, and many others all show up to ultimately shape the deal that governed the multilateral system over the next 70 years.

Oct 27 2017

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Rank #9: 33: Trade and Investment Talks: China Wants America’s Technology

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Keynes and 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.

Apr 13 2018

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Rank #10: 1: NAFTAnomics: The Economics of Three Big Fights

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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 countervailing duties on imports from other NAFTA countries, and finally, potential changes to the “rules of origin” that affect how much production takes place in North America.

Sep 01 2017

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Rank #11: 105: Aircraft Subsidy Disputes: How These Tariffs Are Different

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The World Trade Organization authorizes new US retaliatory tariffs on EU imports in one of the biggest and longest-running formal disputes in history. Former WTO Appellate Member Jennifer Hillman (Council on Foreign Relations) joins to explain the complexity of the case and what happens next. They discuss WTO rules on subsidies, upcoming US retaliatory tariffs on imported airplanes, billions of dollars of imported European cheeses, alcohol, and other consumer products, as well as the products the United States left off this round of retaliation.

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Oct 07 2019

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Rank #12: 46: How Do Trump’s Tariffs Stack Up Historically?

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Keynes and Bown compare President Donald Trump’s tariffs imposed to date—on solar panels, washing machines, steel, aluminum, and Chinese imports—with other major American protectionist episodes. They speak to economic historian Douglas A. Irwin (PIIE) about the Reagan administration’s protectionism in the 1980s, the 1971 Nixon shock, the 1960s US-Europe chicken war, and the 1930 Smoot-Hawley tariff.

Jul 13 2018

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Rank #13: 103: US-China Trade War from the Trenches

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Erin Ennis and Jake Parker (US-China Business Council) join to explain results from the USCBC’s annual survey of its members of American companies doing business in China. They describe the original purpose and nearly 20-year history of the survey, as well as the latest findings about what worries American companies in China. They also discuss how companies miscommunicate with both the US and Chinese governments, how they feel about the Section 301 investigation and the tariffs, and how they are being treated during the trade war.

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Sep 25 2019

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Rank #14: 45: Zeroing: The Biggest WTO Threat You’ve Never Heard Of

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Keynes and Bown explain the outsized importance of “zeroing”—a technical, yet politically controversial method the United States uses to calculate antidumping tariffs. They speak to Thomas Prusa (Rutgers University) about zeroing’s contentious negotiating history, how it works in practice, who is in favor of it, and how much trade is affected by it. They also discuss how the dozens of WTO disputes the United States has lost over this issue set up the current showdown facing the WTO Appellate Body and the future of the trading system.

Jul 03 2018

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Rank #15: 104: How to Hit Currency Manipulators and Fight the Strong Dollar

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A strengthening dollar reignites a recurring debate about how to hit back against countries that deliberately weaken the value of their currencies. Joseph Gagnon (PIIE) and Maury Obstfeld (PIIE, Berkeley) join to discuss two recent and controversial policies proposed to attack that problem. The first is retaliatory tariffs under US countervailing duty law. The second is to give the US Treasury and Federal Reserve new access to hundreds of billions of dollars to use as countervailing currency intervention.

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Sep 30 2019

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Rank #16: 72: Richard Baldwin on Disruption, Technology and Trade

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Keynes and Bown sit down with Richard Baldwin (Graduate Institute) to talk about centuries of economic and social change resulting from the combined forces of globalization and new innovations. They also discuss his new book The Globotics Upheaval: Globalization, Robotics, and the Future of Work and about how ICT, digital trade, artificial intelligence, machine learning and tele-migrants may soon create social havoc for a very different type of worker than has been forced to adjust in the past.

Feb 14 2019

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Rank #17: 66: Paul Krugman Talks Trade

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Keynes and Bown sit down with Nobel Prize-winning economist Paul Krugman (CUNY and New York Times) in a wide-ranging interview about international trade. They discuss NAFTA, labor standards, and the USMCA (2:25); the current toxicity of trade politics (8:00); the wonky economics of comparative advantage versus increasing returns to scale trade (16:55); when and why the trade world changed (21:30); trade’s impact on US wage inequality (25:10); more wonky economics of strategic trade policy (29:30); China’s trade and industrial policy (34:45); what the Trump administration gets right about trade (39:40); and more.

Soumaya Keynes, Paul Krugman, and Chad P. Bown, New York City, 2018.

Dec 17 2018

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Rank #18: 60: America May Be Doing Away with WTO Dispute Settlement

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Keynes and Bown talk with former WTO Appellate Body member Jennifer Hillman (Georgetown Law) about WTO dispute settlement. They describe the procedural, philosophical, and judicial complaints the United States has with the current way of addressing trade frictions, potential solutions to those problems, and how the American refusal to appoint new Appellate Body members could soon destroy the functionality of the entire multilateral system of enforcement.

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Oct 29 2018

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Rank #19: 95: Is China a Currency Manipulator?

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Keynes and Bown discuss the Trump administration’s decision to name China a currency manipulator. They are joined by former IMF Chief Economist Maury Obstfeld (PIIE, Berkeley), Joseph Gagnon (PIIE), and Alice Fulwood (The Economist), who help explain what affects the value of the US dollar, the history of Chinese currency manipulation, the challenge of identifying a country as a currency manipulator, and the implications of the Trump administration’s actions today.

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Aug 09 2019

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Rank #20: 59: A Hard Border from History

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Keynes and Bown talk with Stephen Redding (Princeton University) about his research on the border between East and West Germany erected in the mid-20th century. They discuss the loss of market access for cities near the border, and how being cut off from one’s neighbors affected the local economy. Spoiler: It wasn’t pretty.

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Oct 18 2018

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