Trade Talks show

Trade Talks

Summary: 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.

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  • Artist: Peterson Institute for International Economics
  • Copyright: Copyright Peterson Institute for International Economics

Podcasts:

 49: Are Trump’s Steel Quotas Worse than His Steel Tariffs? | File Type: audio/mpeg | Duration: 0:00

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.

 49: Are Trump's Steel Quotas Worse than His Steel Tariffs? | File Type: audio/mpeg | Duration: Unknown

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.

 48: Trump Buys the Farmers | File Type: audio/mpeg | Duration: 0:00

Keynes and Bown explain the US government decision to offer up to $12 billion of subsidies to farmers adversely affected by trade retaliation stemming from President Trump’s tariffs on steel, aluminum, and China. They speak with Joe Glauber (IFPRI, former USDA) about US farm subsidies past and present, including the Commodity Credit Corporation Charter Act, as well as America’s legal commitments under the WTO to limit agricultural payouts.

 48: Trump Buys the Farmers | File Type: audio/mpeg | Duration: Unknown

Keynes and Bown explain the US government decision to offer up to $12 billion of subsidies to farmers adversely affected by trade retaliation stemming from President Trump's tariffs on steel, aluminum, and China. They speak with Joe Glauber (IFPRI, former USDA) about US farm subsidies past and present, including the Commodity Credit Corporation Charter Act, as well as America's legal commitments under the WTO to limit agricultural payouts.

 47: WTO S.O.S.–Save our System | File Type: audio/mpeg | Duration: 0:00

Keynes and Bown detail an emerging approach for the European Union, Japan, China—and the Trump administration—to resolve the conflict over subsidies, one of the most pressing challenges confronting the World Trade Organization. They explain the fight over industrial subsidies and analyze the EU-Japan-US approach to tackling problems of notifications, state-owned enterprises, excess capacity, and public bodies.

 47: WTO S.O.S.--Save our System | File Type: audio/mpeg | Duration: Unknown

Keynes and Bown detail an emerging approach for the European Union, Japan, China—and the Trump administration—to resolve the conflict over subsidies, one of the most pressing challenges confronting the World Trade Organization. They explain the fight over industrial subsidies and analyze the EU-Japan-US approach to tackling problems of notifications, state-owned enterprises, excess capacity, and public bodies.

 46: How Do Trump’s Tariffs Stack Up Historically? | File Type: audio/mpeg | Duration: 0:00

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.

 46: How Do Trump's Tariffs Stack Up Historically? | File Type: audio/mpeg | Duration: Unknown

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.

 45: Zeroing: The Biggest WTO Threat You’ve Never Heard Of | File Type: audio/mpeg | Duration: 0:00

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.

 45: Zeroing: The Biggest WTO Threat You've Never Heard Of | File Type: audio/mpeg | Duration: Unknown

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.

 44: Brexit Two Years On | File Type: audio/mpeg | Duration: 0:00

Keynes and Bown explain recent developments in the UK-EU trade talks on Britain’s departure from the European Union. At the two-year mark after the June 23, 2016 Leave referendum, they speak to Anand Menon (King’s College London) and Allie Renison (Institute of Directors) about progress in agreeing to a trade deal, outstanding issues, and lingering uncertainty facing UK businesses.

 44: Brexit Two Years On | File Type: audio/mpeg | Duration: Unknown

Keynes and Bown explain recent developments in the UK-EU trade talks on Britain's departure from the European Union. At the two-year mark after the June 23, 2016 Leave referendum, they speak to Anand Menon (King's College London) and Allie Renison (Institute of Directors) about progress in agreeing to a trade deal, outstanding issues, and lingering uncertainty facing UK businesses.

 43: Costing Trump’s China Tariffs | File Type: audio/mpeg | Duration: 0:00

Keynes and 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.

 43: Costing Trump's China Tariffs | File Type: audio/mpeg | Duration: Unknown

Keynes and 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.

 42: Trump and Tariff Tweets: It’s More Complicated Than That | File Type: audio/mpeg | Duration: 0:00

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.

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