Archives: Posts

  • 72: Richard Baldwin on Disruption, Technology and Trade

    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 […]

  • 71: Money Matters for Trade

    Keynes and Bown sit down with Kalina Manova (University College London) to talk about how corporate finance affects international trade. They discuss her research on how access to finance can […]

  • 70: Nicholas Lardy on the Chinese Economy

      Keynes and Bown sit down with Nicholas Lardy (PIIE) to talk about his new book The State Strikes Back: The End of Economic Reform in China? They discuss the […]

  • 69: Slowbalization

    Keynes and Bown discuss forces working to slow the pace of globalization. Patrick Foulis (The Economist) joins from Davos, Robert Johnson from the University of Notre Dame and finally Susan Lund […]

  • 68: Brexit Votes for Uncertainty

      Keynes and Bown discuss the rocky departure of the United Kingdom from the European Union. Sam Lowe (Centre for European Reform) joins for an update on the latest political […]

  • 67: Blood Trade

      Keynes and Bown speak with Alice Fulwood (The Economist) about what is behind the $150 billion of annual trade in blood plasma products. They cut through the mystery of […]

  • 66: Paul Krugman Talks Trade

      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 […]

  • 65: What Would a Trump-China Deal Look Like?

      Keynes and Bown explain the recent 90-day agreement between Presidents Trump and Xi that puts on hold further tariff escalation between the United States and China. They speak with […]

  • 64: (Trade) Dealing with Europe

      Keynes and Bown speak with veteran trade journalist Alan Beattie (Financial Times) about the complexities of negotiating with the European Union on trade. They discuss the EU’s dealings with […]

  • 63: Can Trump and the EU Strike a Deal?

      Keynes and Bown discuss the prospect of negotiations between the United States and the European Union on a trade deal that would meet President Trump’s objectives of zero tariffs, […]

  • 62: Randomized Trade

      Keynes and Bown speak with Amit Khandelwal (Columbia Business School) about the impact that exporting has on firm productivity. They discuss his evidence from a randomized control trial that […]

  • 61: Trade, Firms, Profits, and Market Power: It’s Complicated

      Keynes and Bown speak with incoming World Bank Chief Economist Penny Goldberg (Yale University) about her research on how trade liberalization affects consumers and firms when firms have market […]

  • 60: America May Be Doing Away with WTO Dispute Settlement

      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 […]

  • 59: A Hard Border from History

      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 […]

  • 58: Woodward. Trump. Fear. Trade Is Bad.

      Keynes and Bown talk with best-selling author and Pulitzer Prize-winning investigative journalist Bob Woodward about his latest book Fear: Trump in the White House. From snatching trade agreement withdrawal […]

  • 57: It’s Fun to Discuss the USMCA—the New NAFTA

    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 […]

  • 56: Do You Like Trade? Tariffs? Trade Deals? China?

    Keynes and Bown speak with Bruce Stokes (Pew Research Center) about recent poll results on public attitudes toward trade. They discuss how Americans feel about trade and trade agreements, China, […]

  • 55: Is India a Trade Troublemaker?

    Keynes and Bown speak with Arvind Subramanian (PIIE, Harvard Kennedy School) about the massive changes in India’s trade policy since the 1980s. They examine the scope and impact of India’s […]

  • 54: Can Trump Withdraw from Trade Deals?

    Keynes and Bown examine the legal arguments surrounding President Trump’s threats to withdraw from the North American Free Trade Agreement and World Trade Organization. They speak with legal experts Gary […]

  • 53: Oh NAFTA–It’s Canada’s Turn

    Keynes and Bown examine critical economic issues caught up in Canada’s talks with the Trump administration over the future of the North American Free Trade Agreement. They speak with Meredith […]

  • 52: NAFTA “Deal Fever”

    Keynes and Bown examine the still murky details on autos and a potential sunset clause for the Mexico-United States trade agreement—which the Trump administration says is designed to replace the […]

  • 51: Trade at the White House in Not So Normal Times

    Keynes and Bown have a conversation with Jason Furman (PIIE, Harvard Kennedy School)—a former senior economic adviser of the Obama administration—about American economic policy. They ask Furman about economic and […]

  • 50: Aluminum Made in the USA

    Keynes and Bown explore the aluminum industry: how to make it, changes in North American production over the past few decades, and the industry’s real complaints. They discuss the Trump […]

  • 49: Are Trump’s Steel Quotas Worse than His Steel Tariffs?

    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 […]

  • 48: Trump Buys the Farmers

    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, […]

  • 47: WTO S.O.S.–Save our System

    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 […]

  • 46: How Do Trump’s Tariffs Stack Up Historically?

    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 […]

  • 45: Zeroing: The Biggest WTO Threat You’ve Never Heard Of

    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 […]

  • 44: Brexit Two Years On

    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 […]

  • 43: Costing Trump’s China Tariffs

    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 […]

  • 42: Trump and Tariff Tweets: It’s More Complicated Than That

    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, […]

  • 41: Trump and China’s “War of Saliva”

    Bown and Keynes 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 […]

  • 40: Steel and Aluminum Tariffs: Trump versus Everyone

    Bown and Keynes 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 […]

  • 39: Car Crash–Trump Sees More National Security Threats

    Keynes and 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 […]

  • 38: ZTE, Trump, and China–What’s the Fuss?

    Keynes and 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 […]

  • 37: Cottoning on to Trade

    Keynes and 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 […]

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

    Keynes and 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 […]

  • 35: The Labor of NAFTA

    Bown and Keynes 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, […]

  • 34: So You Want To Be a Trade Negotiator

    Bown and Keynes 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, […]

  • 33: Trade and Investment Talks: China Wants America’s Technology

    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” […]

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

    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 […]

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

    Keynes and 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 […]

  • 30: Trade Talks to Real People

    Keynes and 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 […]

  • 29: After Trump’s Tariffs: Retaliation, Negotiation, and Litigation

    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 […]

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

    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 […]

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

    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 […]

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

    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 […]

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

    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 […]

  • 24: The Trump Administration Views Trade as National Security Threat

    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 […]

  • 23: Did Protectionism Make America Great?

    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 […]

  • 22: The Other UK Trade Deals–Brexit and Rolling over the EU’s FTAs

    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 […]

  • 21: North American Cars–Before and After NAFTA

    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 […]

  • 20: Tariff Time! Washing Machines and Dirty Trade Policy

    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 […]

  • 19: GSP–Low Tariffs for Development?

    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 […]

  • 18: Brexit–Sectoral Analyses or Impact Assessments?

    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 […]

  • 17: WTO Ministerials–Now and Then

    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 […]

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

    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 […]

  • 15: Is China a Non-Market Economy? Why the WTO Gets to Decide

    PIIE Senior Fellow Chad P. Bown and Soumaya Keynes of The Economist focus on a huge WTO dispute in which China is suing the European Union and the United States […]

  • 14: Trade Talks Tough: Sanctions on North Korea

    Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown talk with PIIE Senior Fellow Marcus Noland about his research on implementing trade sanctions on North Korea. First […]

  • 13: Export Superstars and Billionaires: When Do Policymakers Need to Worry?

    Soumaya Keynes of The Economist and PIIE Senior Fellow Chad P. Bown talk with PIIE Senior Fellow Caroline Freund about her research on big firms, billionaires, international trade, and economic […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 9: Happy 70th GATTiversary–The Origins of Multilateral Trade

    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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]