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Bongani Bingwa speaks with Hillary Joffe, Editor-at-Large at Business Day, as the International Monetary Fund lowers global growth forecasts, warning of a fundamental reset in the global economic system. While Finance Minister Enoch Godongwana projected 1.9% GDP growth for South Africa in 2025, the IMF now expects as little as 1% amid global uncertainty triggered by shifting U.S. trade policies. With South African officials, including Godongwana and SARB Governor Lesetja Kganyago, in Washington for the G20 finance track, global economic stability hangs in the balance. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/ Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702 702 on Instagram: www.instagram.com/talkradio702 702 on X: www.x.com/Radio702 702 on YouTube: www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.
Bongani Bingwa and Adam Gilchrist discuss the shifting U.S. trade policies under President Trump’s tariff overhaul, a chilling case of a man who murdered his parents and targeted Trump, and a milestone in space tourism with an all-female crew's successful spaceflight, sparking debates on gender representation and the future of commercial space travel. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/ Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702 702 on Instagram: www.instagram.com/talkradio702 702 on X: www.x.com/Radio702 702 on YouTube: www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.
Bongani Bingwa and Adam Gilchrist discuss the shifting U.S. trade policies under President Trump’s tariff overhaul, a chilling case of a man who murdered his parents and targeted Trump, and a milestone in space tourism with an all-female crew's successful spaceflight, sparking debates on gender representation and the future of commercial space travel. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/ Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702 702 on Instagram: www.instagram.com/talkradio702 702 on X: www.x.com/Radio702 702 on YouTube: www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.
Lester Kiewit speaks to Izaak Breitenbach, CEO of the Broiler Organisation of the South African Poultry Association, to look at the possible impact on the South African poultry sector due to shifting US-South Africa trade agreements.See omnystudio.com/listener for privacy information.
As we close out a volatile week in the markets, Brian shares his thoughts on the March employment report, and the overall health of the US labor market. Brian also assesses the potential economic impacts overtime of this week's tariff announcements. Plus, a recap of notable data-point releases over the past few days, and a preview of the week ahead. Featured is Brian Rose, Senior Economist Americas, UBS Chief Investment Office. Host: Shiavon Chatman
In this episode, Vance Crowe and guest Jacob Shapiro into the evolving geopolitical landscape, focusing on the shifting dynamics between the United States and Europe. The discussion begins with the recent statements by U.S. Defense Secretary Pete Hegsek, indicating a deprioritization of European security in favor of addressing issues like migration and the perceived threat from China. This shift is further highlighted by President Trump's unexpected communication with Vladimir Putin, bypassing European and Ukrainian leaders, signaling a potential change in U.S. foreign policy.We also explore the controversial remarks by JD Vance at the Munich Security Conference, which sparked a strong reaction from the German defense minister, and the implications of these developments on the transatlantic partnership. The conversation touches on the historical context of U.S.-Europe relations and the potential consequences of a more self-reliant and militarized Europe.Our guest, Jacob Shapiro, Director of Research at the Bespoke Group, shares insights into his role in managing generational wealth and the importance of geopolitical analysis in investment strategies. We discuss the challenges of making predictions in a rapidly changing world and the balance between emotional intuition and objective analysis.The episode also covers the role of consulting groups like Eurasia Group and Stratford in shaping geopolitical understanding, and the importance of considering multiple disciplines when analyzing global events. We examine the impact of U.S. foreign aid, the recent changes in USAID, and the broader implications for international relations.Finally, we touch on the energy policies under the Trump administration, the strategic importance of U.S.-Canada relations, and the potential for internal divisions within Canada. The conversation concludes with a look at the upcoming German elections and their significance for European politics, as well as the complex economic and political landscape in China.Legacy Interviews - A service that records individuals and couples telling their life stories so that future generations can know their family history. https://www.legacyinterviews.com/experienceRiver.com - Invest in Bitcoin with Confidence https://river.com/signup?r=OAB5SKTP(00:00:00) US-Europe Relations Shift(00:02:22) Economic and Geopolitical Forecasting(00:06:01) Deep State and Geopolitical Consulting(00:10:20) Geopolitical Analysis and Objectivity(00:18:39) Emotional Influence in Analysis(00:24:34) Russia-Ukraine Conflict Analysis(00:28:23) US-Russia Relations Under Trump(00:34:05) US-Europe Trade and Military Dynamics(00:40:48) US Trade Policy and Tariffs(00:44:44) Energy Policy and Economic Impact(00:50:58) US Foreign Aid and USAID(01:03:13) Canada-US Relations and Trade(01:09:02) China's Global Role and US Strategyhttps://serve.podhome.fm/episodepage/the-vance-crowe-podcast_638721156549613591/420
The Capitalism and Freedom in the Twenty-First Century Podcast
Jon Hartley and Douglas Irwin discuss Doug's career, the history of US trade policy, tariffs, globalization, the consumer and labor market effects of trade, the World Trade Organization, and industrial policy. Recorded on January 9, 2025. ABOUT THE SPEAKERS: Douglas Irwin is John French Professor of Economics at Dartmouth College. He is the author of Clashing over Commerce: A History of U.S. Trade Policy (University of Chicago Press, 2017), which The Economist and Foreign Affairs selected as one of their Best Books of the Year. He is president-elect of the Economic History Association (2022-23). He is the author of Free Trade Under Fire (Princeton University Press, fifth edition 2020), Trade Policy Disaster: Lessons from the 1930s (MIT Press, 2012), Peddling Protectionism: Smoot-Hawley and the Great Depression (Princeton University Press, 2011), The Genesis of the GATT (Cambridge University Press, 2008, co-authored with Petros Mavroidis and Alan Sykes), Against the Tide: An Intellectual History of Free Trade (Princeton University Press, 1996), and many articles on trade policy and economic history in books and professional journals. He is a Research Associate of the National Bureau of Economic Research and a non-resident Senior Fellow at the Peterson Institute for International Economics. He worked on trade policy issues while on the staff of President Ronald Reagan's Council of Economic Advisers and later worked in the International Finance Division at the Board of Governors of the Federal Reserve System in Washington, D.C. Before joining Dartmouth, Irwin taught at the University of Chicago's Booth School of Business. Follow Douglas Irwin on X: @D_A_Irwin Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/
International trade has flourished in recent decades. In the U.S., which is both the world's largest importer and exporter of goods and services, trade has lowered the costs of everyday goods, raised the living standard, and fueled job growth. But it has also eliminated some jobs, mostly in manufacturing. As a result, support for free trade has declined. Today, American policymakers are embracing industrial policies, which are designed to promote specific sectors, especially manufacturing, in a way not seen since the 1980s. President Biden's “Buy American” policies are a prime example of this. How can we rebuild trust in trade and use it to ensure that the U.S. remains competitive globally? In this episode we sit down with C.J. Mahoney, former deputy U.S. trade representative and chief U.S. negotiator for the USMCA, in 2020, and David Gantz, the Baker Institute's Will Clayton Fellow in Trade and International Economics. We explore major challenges on the horizon for U.S. trade policy, including the upcoming review of the USMCA in 2026 and the rising influence of China. For video of the event "Election Insights: The Future of US Trade Policy," visit: https://www.bakerinstitute.org/event/election-insights-future-us-trade-policy For more information on the Baker Institute Center for the United States and Mexico visit our website, and follow us on X/Twitter and LinkedIn. To join our mailing list, please subscribe here and make sure to opt-in to "U.S.-Mexico Update."
We're taking one out of the archives! Douglas Irwin is a Dartmouth professor and the author of Clashing Over Commerce: A History of US Trade Policy. On this episode, Irwin provides an overview to the history of U.S. trade policy from the 18th century to the modern day, highlighting significant legislation as well as the formation of important intergovernmental organizations that have sprung up along the way. Outro Music: Janis Joplin, Mercedes Benz 19:53: On the flawed logic behind the Tariff Act of 1930, and the parallels with similarly problematic thinking in the modern day: “There's absolutely a parallel there because some Democrats in Congress said, ‘You know, we ought to really think about this carefully, and not just our domestic interest but also our export interests, and other countries might retaliate.' And basically, the reaction of most members of Congress was, Republicans at the time, ‘No, we don't have to worry about that. This is a domestic piece of legislation, it doesn't really concern other countries. They're not going to retaliate.' And, of course, they did.” 39:40: Doug discusses the tips and tricks behind one example of “tariff engineering”: “The tariffs applied to motorcycles with piston displacements of 700cc and above. What Honda started doing is producing a 699cc version. Now the difference [between the two] is imperceptible, but just by changing that one cubic centimeter, it changed the whole tariff treatment and you avoided a 45 percent tariff and were assessed at a much, much lower rate.” Learn more about your ad choices. Visit megaphone.fm/adchoices
We're taking one out of the archives! Douglas Irwin is a Dartmouth professor and the author of Clashing Over Commerce: A History of US Trade Policy. On this episode, Irwin provides an overview to the history of U.S. trade policy from the 18th century to the modern day, highlighting significant legislation as well as the formation of important intergovernmental organizations that have sprung up along the way. Outro Music: Janis Joplin, Mercedes Benz 19:53: On the flawed logic behind the Tariff Act of 1930, and the parallels with similarly problematic thinking in the modern day: “There's absolutely a parallel there because some Democrats in Congress said, ‘You know, we ought to really think about this carefully, and not just our domestic interest but also our export interests, and other countries might retaliate.' And basically, the reaction of most members of Congress was, Republicans at the time, ‘No, we don't have to worry about that. This is a domestic piece of legislation, it doesn't really concern other countries. They're not going to retaliate.' And, of course, they did.” 39:40: Doug discusses the tips and tricks behind one example of “tariff engineering”: “The tariffs applied to motorcycles with piston displacements of 700cc and above. What Honda started doing is producing a 699cc version. Now the difference [between the two] is imperceptible, but just by changing that one cubic centimeter, it changed the whole tariff treatment and you avoided a 45 percent tariff and were assessed at a much, much lower rate.” Learn more about your ad choices. Visit megaphone.fm/adchoices
On Episode 55:
In this episode, Fredrik Erixon talks to Keith Rockwell and Stuart Harbinson about the US trade policy and America’s role in the world economic order, specifically, how does the Biden administration think about trade? Keith M. Rockwell is a Senior Research Fellow at the Hinrich Foundation. Before...
Commodities in a Deglobalizing World with Jeremy Shapiro Commodities have been at the heart of globalization. Traders roamed freely and commodities priced to the marginal cost of production. Since the mid-2010s that started to change politics moved toward populism and nationalism and geopolitical competition heated it. Today, traders have to navigate a sanction minefield and the weaponization of the dollar. Global trade is fragmenting into blocks. What does this mean for the sector, the talent and the dollar itself. Our guest is Jeremy Shapiro, research director at the European Council on Foreign Relations and previously the senior advisor to the assistant secretary of state for Europe and Eurasia at the U.S. Department of State and a fellow at the Brookings Institution
For call center workers in the Philippines, attempts to unionize the workplace don't just entail confrontations with local management—but overseas US-based multinationals and the US federal government's foreign policy agenda as well. Since 2022, the Biden administration has promoted a new economic initiative known as the Indo-Pacific Economic Framework for Prosperity (IPEF). Touted as a vehicle for “writing the new rules of the 21st century economy,” the IPEF links 14 nations across the Pacific Rim into an emergent bloc that has been compared to the defunct Trans-Pacific Partnership. Like the TPP before it, the IPEF attempts to build an exclusive economic regional pact that excludes China.In a special livestream panel, workers and organizers in the US and the Philippines discuss how trade policy and worker repression in the Philippines go hand-in-hand with the IPEF and the New Cold War on China. The event, moderated by Maximillian Alvarez, Editor-in-Chief of The Real News Network and Ryan Harvey, National Field Director for Public Citizen's Global Trade Watch, is part of organizing efforts for two upcoming rallies in the U.S. during negotiating meetings for the Biden's administration's largest trade initiative, the Indo-Pacific Economic Framework (IPEF). Those meetings and rallies will take place in Detroit in May and in Seattle in August. This event is co-hosted by Public Citizen, BAYAN USA, the BPO Industry Employees Network, and Communication Workers of America.Panelists include:Mylene Cabalona, President, BPO Industry Employees Network (Philippines)Kendra Williams, Member, Communications Workers of America, Local 6215 (US)Adrian Bonifacio, National Chairperson, BAYAN USA (US)Melinda St. Louis, Director, Public Citizen's Global Trade Watch (US)Maximillian Alvarez, Editor-in-Chief, The Real News Network (moderator)Ryan Harvey, National Field Director, Public Citizen's Global Trade Watch (moderator)Additional links:For more info about the May 20th Detroit IPEF/APEC rally: https://bit.ly/Detroit-IPEF / asiddiqui@citizen.orgFor more info about the August Seattle IPEF/APEC rally: julie@washingtonfairtrade.orgStudio Production: Cameron Granadino, Adam ColeyHelp us continue producing radically independent news and in-depth analysis by following us and becoming a monthly sustainer: Donate: https://therealnews.com/donate-podSign up for our newsletter: https://therealnews.com/newsletter-podLike us on Facebook: https://facebook.com/therealnewsFollow us on Twitter: https://twitter.com/therealnews
George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute and is also a long-time returning guest of Macro Musings. In this bonus segment from the previous conversation, George rejoins the podcast to talk about his new book project on the Great Depression titled, False Dawn: The New Deal and the Promise of Recovery. Specifically, David and George discuss the broad contours of the Great Depression, including its causes as well as the pros and cons of the New Deal solutions that followed. Transcript for the episode can be found here. George's Twitter: @GeorgeSelgin George's Cato profile David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: Macro Musings: *Jason Taylor on the Great Depression, World War II, and “The Big Push”* Macro Musings: *Doug Irwin on the History of US Trade Policy* Macro Musings: *Sebastian Edwards on FDR, Gold, and the Great Depression* *American Default: The Untold Story of FDR, the Supreme Court, and the Battle over Gold* by Sebastian Edwards
Colin Grabow is a policy analyst at the Cato Institute's Center for Trade Policy Studies, and he joins Macro Musings to talk about US trade policies, the Jones Act, and the consequences of this harmful maritime statute. Specifically, David and Colin also discuss the counterfactual world of TPP, the future of international trade, and how to fix the myriad of problems caused by the Jones Act. Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings Colin's Twitter: @cpgrabow Colin's Cato Institute profile: https://www.cato.org/people/colin-grabow Related Links: Cato's Project on Jones Act Reform: https://www.cato.org/project-jones-act-reform *The Jones Act: A Burden America Can No Longer Bear* by Colin Grabow, Inu Manak, and Daniel Ikenson https://www.cato.org/publications/policy-analysis/jones-act-burden-america-can-no-longer-bear *Rust Buckets: How the Jones Act Undermines U.S. Shipbuilding and National Security* by Colin Grabow https://www.cato.org/policy-analysis/rust-buckets-how-jones-act-undermines-us-shipbuilding-national-security *The Progressive Case for Jones Act Reform* by Colin Grabow https://www.cato.org/study/progressive-case-jones-act-reform#:~:text=The%20Jones%20Act%20is%20unwise,repeal%2C%20of%20this%20odious%20law *Candy-Coated Cartel: Time to Kill the U.S. Sugar Program* by Colin Grabow https://www.cato.org/policy-analysis/candy-coated-cartel-time-kill-us-sugar-program *5 Years Later and the United States is Still Paying for Its TPP Blunder* by Colin Grabow https://www.cato.org/blog/5-years-later-united-states-still-paying-tpp-blunder *The Cato Trade Team's 2022 Policy Wish List* by Scott Lincicome, Inu Manak, Gabriella Beaumont-Smith & Colin Grabow https://www.cato.org/blog/cato-trade-teams-2022-policy-wish-list *For Inflation Relief, the United States Should Look to Trade Liberalization* by Gary Clyde Hufbauer, Megan Hogan, & Yilin Wang https://www.piie.com/publications/policy-briefs/inflation-relief-united-states-should-look-trade-liberalization#:~:text=For%20inflation%20relief%2C%20the%20United%20States%20should%20look%20to%20trade%20liberalization,-Gary%20Clyde%20Hufbauer&text=With%20US%20inflation%20running%20at,calls%20anticompetitive%20behavior%20by%20corporations *Biden's Frozen Trade Policy* by Anne Krueger https://www.project-syndicate.org/commentary/trump-trade-policy-frozen-in-place-under-biden-by-anne-o-krueger-2022-02?barrier=accesspaylog *Clashing over Commerce: A History of US Trade Policy* by Douglas Irwin https://press.uchicago.edu/ucp/books/book/chicago/C/bo24475328.html David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/
Season 2, Episode 3: What's happening with US trade policy and what's possible on digital?In this episode you'll hear from Joshua Meltzer, Senior Fellow - Global Economy and Development with The Brookings Institution in Washington DC where he has a specific focus on digital trade.Joshua is an Australian who has been based in Washington DC for the last 14 years. He gives us his thoughts on the current US trade position and policy and what he thinks might be possible. Clearly he doesn't see the Comprehensive and Progressive Transpacific Partnership - or the CPTPP - as a realistic prospect. Even more so now that China has applied to accede it to the agreement. But he thinks digital might provide an opportunity for US leadership on the trade front. He also picks up on the EU-US trade and technology Council's agenda which he thought gives a feel for the direction of US trade priorities on digital and technology, and the drive of the US to work with trusted partners on digital and technology issues. In the next episode we cover discussion on regulating in such a fast changing environment. Further information on this seriesThis current series on digital trade follows the release of our latest report on the future of New Zealand-United States digital trade, the challenges experienced by our digital exporters, and the case for a digital services agreement.What we're focusing in on for this series of episodes - are some of the current and future policy issues in this space.Looking at questions like - what is digital trade, what is a digital trade agreement, the best vehicle for an agreement with the US, why do one of these agreements, in the US political and policy context what's actually possible on trade, how can you regulate in such a fast-changing environment and what's the best approach, what are some of the next steps that New Zealand and the US could take right now.We're doing this in very short, single question episodes, generally 8-10 minutes long.Host biography:Jordan Small: https://www.linkedin.com/in/jordancsmall/jsmall@nzuscouncil.orgFor comments and feedback:Email: podcast@nzuscouncil.orgFacebook: facebook.com/nzuscouncilTwitter: twitter.com/nzuscouncilWebsite: nzuscouncil.org
As we close out the first half of 2021, it is becoming clear what an utter shambles our International Trade Policy is in. This year, will most likely be the first year in history that the US Trade Deficit surpasses $1 Trillion Dollars.
The lads lament the late spring weather but resolve to go out after recording the pod regardless. They start by looking at automation, specifically as it affects headcount among major operators. They move on to the launch of Huawei's HarmonyOS Android alternative and discuss how likely it is to succeed, before concluding with a critique of America's increasingly heavy handed approach to trade.
In this bonus episode, the Trade Guys talk with the hosts of the Trade Splaining podcast about the future of US Trade Policy under a new Biden administration. Trade Splaining is a weekly podcast taking an entertaining look at current events, trade and the United Nations, brought to you from the perspective of two American expats and civil servants living in Switzerland. The hosts combine topical discussions together with interviews with fellow expats on the international scene and leaders in their respective fields. Find more Trade Splaining here: Website: https://tradesplaining.podbean.com/ Twitter: https://twitter.com/TradeSplaining Instagram: https://www.instagram.com/trade.splaining/
Trade experts Scott Miller and Bill Reinsch, co-hosts of the Trade Guys podcast at the Center for Strategic and International Studies (CSIS) join hosts Ardian Mollabecir and Robert Skidmore on Trade Splaining to recap the first 100 days of President Joe Biden's Administration and talk about whether the United States' trade policy has reached a new normal and where we go from here. On this episode, Ardian and Rob also discuss: US backing of Covid-19 vaccine waivers Chinese manufactures sidestepping trade barriers via investment The global chip shortage and US Commerce Secretary's response The Trade Guys is hosted every week by H. Andrew Schwartz, Scott Miller and Bill Reinsch at the Center for Strategic and International Studies (CSIS), a nonpartisan think tank in Washington, D.C. https://www.csis.org/podcasts/trade-guys
Chris, Melanie, and Zack debate the wisdom of President Joe Biden's decision to withdraw U.S. forces from Afghanistan. They discuss the argument made by Meghan O'Sullivan and Richard Haass that the Biden administration should have kept a small force in Afghanistan for the foreseeable future, but question whether that would have been sufficient to accomplish U.S. objectives. Chris also issues a warning to virtue signalers, Zack calls for more virtue signaling with India, and Melanie is aggrieved by the election of Iran to the U.N. Commission on the Status of Women. Meghan L. O'Sullivan and Richard Haass, "It's Wrong to Pull Troops Out of Afghanistan. But We Can Minimize the Damage." Washington Post, April 16, 2021 Richard Fontaine, "The Case Against Foreign Policy Solutionism," Foreign Affairs, February 8, 2021 Eliot A. Cohen, "Exit Strategy," The Atlantic, April 13, 2021 Afghanistan Study Group, "A Pathway for Peace in Afghanistan," United States Institute of Peace, February 3, 2021 Soner Cagaptay, "Biden Recognizing the Armenian Genocide Shows How Far Turkey and Erdogan Have Fallen," NBC News, April 24, 2021 Stephen Wertheim, “Biden Just Made a Historic Break with the Logic of Forever War,” Foreign Policy, April 16, 2021 Oren Liebermann, Ellie Kaufman and Devan Cole, “Nearly 40% of Marines Have Declined Covid-19 Vaccine,” CNN, April 10, 2021 Senior Fellow, New American Engagement Initiative, Atlantic Council Robert Manning, “Reality Check #5: Learning to Live with a Nuclear North Korea,” New American Engagement Initiative, Scowcroft Center for Strategy and Security, Atlantic Council, April 26, 2021 Joe Biden, "Remarks by President Biden on the Way Forward in Afghanistan," White House, April 14, 2021 Michael Crowley, "Biden Officials Place Hope in Taliban's Desire for Legitimacy and Money," New York Times, April 23, 2021 "UK Parliament Declares Genocide in China's Xinjiang; Beijing Condemns Move," Reuters, April 23, 2021 Michael Lipin, Ramin Haghjoo, "Iran's Election to UN Women's Body Draws Outrage from Rights Activists, US Silence," VOA News, April 24, 2021 John Bew, Citizen Clem, (London: Riverrun, 2016) Future Foreign Policy Series: Featuring Wendy Cutler on US Trade Policy, May 17, 2021, 12:00PM, Atlantic Council (via Zoom)
Energy Vista: A Podcast on Energy Issues, Professional and Personal Trajectories
Leslie Palti-Guzman exchanges with Congressman Charles Boustany on US trade policy under the Biden administration and building a US presence in Asia through investments and energy. They delve into competition with China, setting up standards, coordination with Europe, infrastructure financing. They also discuss various trade agreements and their future. Congressman Boustany has a fascinating personal/professional trajectory, from a surgeon caring for his patients to a Congressman caring for his constituents in Louisiana.
Daniel Griswold is a senior affiliated scholar at the Mercatus Center and a nationally recognized expert on trade and immigration policy. Dan is also a returning guest is to the podcast, and joins Macro Musings to talk about immigration policy and the outlook for trade policy with the new Biden Administration. Specifically, David and Dan discuss the major demographic decline in the US, and how greater levels of immigration and can solve many of America’s economic concerns. Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings Dan’s Twitter: @danielgriswold Dan’s Mercatus profile: https://www.mercatus.org/scholars/daniel-griswold Related Links: *More Immigration Needed to Offset COVID-19 and America’s Demographic Decline* by Daniel Griswold https://www.mercatus.org/publications/trade-and-immigration/more-immigration-needed-offset-covid-19-and-america%E2%80%99s-demographic *Half a Million Fewer Children? The Coming COVID Baby Bust* by Melissa Kearney and Phillip Levine https://www.brookings.edu/research/half-a-million-fewer-children-the-coming-covid-baby-bust/ *World Population Prospects 2019: Highlights* by the Department of Economic and Social Affairs, Population Division at the United Nations https://population.un.org/wpp/Publications/Files/WPP2019_Highlights.pdf *The Next Hundred Million: America in 2050* by Joel Kotkin https://www.penguinrandomhouse.ca/books/298866/the-next-hundred-million-by-joel-kotkin/9781101195703 *Fertility, Mortality, Migration, and Population Scenarios for 195 Countries and Territories from 2017 to 2100: A Forecasting Analysis for the Global Burden of Disease Study* by Stein Emil Vollset et al. https://www.thelancet.com/article/S0140-6736(20)30677-2/fulltext *Clashing over Commerce: A History of US Trade Policy* by Douglas Irwin https://press.uchicago.edu/ucp/books/book/chicago/C/bo24475328.html David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
When the U.S. loses a trade dispute at the World Trade Organization, how does that decision impact U.S. domestic politics and electoral outcomes? Economists and political scientists are teaming up to propose a new research agenda to examine risks facing international economic institutions and connections to domestic politics. Dr. Renee Bowen, Professor of Economics and Director of the Center for Commerce and Diplomacy at UC San Diego, discusses what she and colleagues have learned so far and where they believe there are still gaps in the research. Opinions expressed on Trade Matters are solely those of the guest or host and not the Yeutter Institute or the University of Nebraska-Lincoln. Show Notes: Designing an International Economic Order: A Research Agenda by Renee Bowen and J. Lawrence Broz What Dr. Bowen is reading: Clashing Over Commerce: A History of US Trade Policy by Douglas A. Irwin
Risk off sell everything, payrolls preview, equity volatility is the only escape valve and fasten your seat beltThis week’s report Be Greedy When Others are FearfulFigure 1: SPX risk is the S&P 500 Volatility, the Volatility of Volatility, correlation and skew indices as well as the term structure of VIX futures (6 month less 1 month) in a z-score format. Wednesday it expanded to 2.43 standard deviations, it remained above 2 on Thursday and Friday. We consider these readings high relative to underlying economic conditions. The election and latest surge in Covid-19 cases appear reasonably discounted.Please consider becoming a paid subscriber, or if you are an institutional client, on boarding us to your research platform to read our full note and gain access to our client presentation, measures of risk and valuation, recommended reading list and additional products. If you would like a 30-day free trial or would like to discuss our research with me directly, please email bcknapp@ironsidesmacro.com. Click below for details, for individual subscriptions the price is $89/month.Lehman Veterans Knapp, Curnutt Reunite at Macro Risk Advisors2020-10-30 16:14:49.326 GMTBy Sonali Basak(Bloomberg) -- Barry Knapp is reuniting with former LehmanBrothers Holdings Inc. colleague Dean Curnutt as the duo seek toexpand their work advising large investors.Knapp, who previously worked at Guggenheim Securities andBlackRock Inc., is keeping his own research firm, IronsidesMacroeconomics, while also working as a senior adviser toCurnutt’s Macro Risk Advisors. The two worked together in the1990s at Lehman during what Knapp calls the “glory days ofequity derivatives.”“We were doing ETF-like transactions with macro hedge fundsbefore there were ETFs,” Knapp said in a phone interview,referring to exchange-traded funds. “I did a Russell 2000 swapbefore there were Russell 2000 futures.”Curnutt founded his company in 2008 to advise institutionalinvestors on market risks. He previously was head of equitysales and trading at Bank of America Corp. and, before that,worked in the equity derivatives unit at Lehman in the fouryears through 1999, according to his LinkedIn profile.Knapp joined BlackRock’s fixed-income investment-managementdivision in 2014, after almost two decades at Lehman and thenfive years at Barclays Plc. He joined Guggenheim in 2017 andleft about a year later.Knapp’s “macro expertise will be a welcome addition to theset of tools we bring to clients to help navigate markets andrisk at a time of great uncertainty,” Curnutt said by phone.“Having known Barry for 25 years and worked with him before, Ihave a strong appreciation for his talents and expertise.”If there are any questions about the above Bloomberg story please contact meBarry C. KnappManaging PartnerDirector of ResearchIronsides Macroeconomics LLC908-821-7584bcknapp@ironsidesmacro.comhttps://ironsidesmacro.substack.comhttps://www.linkedin.com/in/barry-c-knapp/@barryknappReading ListLatest Book: “A History of the Federal Reserve, Volume 2, Book 1, 1951-1969”, Allan H. MeltzerNext Book: “Human Action, The Scholar’s Edition”, Ludwig von Mises“Trade Wars Are Class Wars”, Matthew C. Klein & Michael Pettis“Showdown at Gucci Gulch, Lawmakers, Lobbyists, and the Unlikely Triumph of Tax Reform”, Jeffrey H. Birnbaum and Alan S. Murray“A Great Leap Forward, 1930s Depression and US Economic Growth”, Alexander J. Field“1493, Uncovering the New World Columbus Created”, Charles C. Mann“Great Society, A New History”, Amity Shlaes“The Second Machine Age”, Erik Brynjolofsson, Andrew McAfee“Grand Pursuit, the Story of Economic Genius”, Sylvia Nasar“The Rise and Fall of the Great Powers”, Paul Kennedy“Capitalism in America, A History”, Alan Greenspan & Adrian Woolridge“Diversity Explosion, How New Racial Demographics are Remaking America”, William H. Frey“Clashing Over Commerce, A History of US Trade Policy”, Douglas A. Irwin“Destined for War, Can America and China Escape Thucydides’s Trap”, Graham Allison“The Constitution of Liberty”, F.A. Hayek“Judgement in Moscow, Soviet Crimes and Western Complicity”, Vladimir Bukovsky“1931, Debt, Crisis and the Rise of Hitler”, Tobias StraumannThis institutional communication has been prepared by Ironsides Macroeconomics LLC (“Ironsides Macroeconomics”) for your informational purposes only. This material is for illustration and discussion purposes only and are not intended to be, nor should they be construed as financial, legal, tax or investment advice and do not constitute an opinion or recommendation by Ironsides Macroeconomics. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, is only a guide to the author’s current expectations and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on: broad-based indices; economic, political, or market conditions; particular types of securities; and/or technical analysis concerning the demand and supply for a sector, index or industry based on trading volume and price. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information in this report is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This material is for sophisticated investors only. This document is intended for the recipient only and is not for distribution to anyone else or to the general public.Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made is made with respect to the accuracy, completeness or timeliness of such information. This information may be subject to change without notice. Ironsides Macroeconomics undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Ironsides Macroeconomics, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Ironsides Macroeconomics or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Ironsides Macroeconomics or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Ironsides Macroeconomics or its affiliates may advise issuers of financial instruments mentioned. No liability is accepted by Ironsides Macroeconomics, its officers, employees, affiliates or partners for any losses that may arise from any use of the information contained herein.Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. This material does not take into account the particular investment objectives or financial circumstances, objectives or needs of any specific investor, and are not intended as recommendations of particular securities, investment products, or other financial products or strategies to particular clients. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this report must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.The material should not be provided to any person in a jurisdiction where its provision or use would be contrary to local laws, rules or regulations. This material is not to be reproduced or redistributed to any other person or published in whole or in part for any purpose absent the written consent of Ironsides Macroeconomics.© 2020 Ironsides Macroeconomics LLC. This is a public episode. Get access to private episodes at ironsidesmacro.substack.com/subscribe
Today's discussion is with Andrea Durkin. Andrea is the Editor-in-Chief of TradeVistas and Founder of Sparkplug, LLC. TradeVistas is a great online resource providing very easily digestible information on the latest trade issues. We include a lot of their material on the NZUS Council website. Andrea's background includes having previously served as a U.S. Government trade negotiator. She has proudly taught international trade policy and negotiations for the last fifteen years as an Adjunct Professor at Georgetown University's Master of Science in Foreign Service program. Our discussion with Andrea focuses on trade: Whether trade policy is a feature of this year's presidential election? Are there likely to be substantive differences in the trade policy pathways of a Trump 2 or Biden 1 administration? American public opinion towards the WTO and global leadership on the trade front. The voting patterns of congress and whether we're ever likely to see again the kind of coalition that led to the passage of the USMCA. The race for the role of Director General of the WTO and her recent interaction with the leading candidates for the role and Andrea's opinion on what kind of leadership is needed at the WTO. Links mentioned during the recording: https://tradevistas.org/trade-and-politics-2020/Host biography:Jordan Small: https://www.linkedin.com/in/jordancsmall/jsmall@nzuscouncil.orgAndrea Durkin: https://tradevistas.org/author/adurkin/For comments and feedback:Email: thefridaydownload@nzuscouncil.orgFacebook: facebook.com/nzuscouncilTwitter: twitter.com/nzuscouncilWebsite: nzuscouncil.orgCredits – opening and closing music:Happy Boy Theme Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 3.0 Licensehttp://creativecommons.org/licenses/by/3.0/
Billionaires' row, socialism with Chinese characteristics and creative destructionListen to our podcast for a summary of the latest weekly note from Ironsides Macroeconomics: https://ironsidesmacro.substack.comBelow are links to four recent reports that are outside the paywall so you can get a sense for the subscriber product. Please consider becoming a paid subscriber, or if you are an institutional client, on boarding us to your research platform to read our full note and gain access to our client presentation, measures of risk and valuation, recommended reading list and additional products. If you would like a 30-day free trial or would like to discuss our research with me directly, please email bcknapp@ironsidesmacro.com. Click below for details, for individual subscriptions the price is $89/month.https://ironsidesmacro.substack.com/p/some-brief-labor-market-thoughtshttps://ironsidesmacro.substack.com/p/the-corona-contraction-productivityhttps://ironsidesmacro.substack.com/p/gaining-traction-its-never-differenthttps://ironsidesmacro.substack.com/p/the-corona-contractionFigure 8: For four decades education, healthcare and housing costs have increased far more rapidly than the personal consumption deflator. Their share of consumption has also increased underscoring how they have been a drag on productivity growth. The poor outcomes are well documented. Technology in the form of telemedicine, blended learning and work from home are ways out of the deadweight sectors productivity drag.https://ironsidesmacro.substack.com/p/the-corona-contraction-productivity“Your Kids May Never Return to Normal Schooling:” Andreas Kluth, Bloomberg 15-May-2020Barry C. KnappManaging PartnerIronsides Macroeconomics LLC908-821-7584https://ironsidesmacro.substack.comhttps://www.linkedin.com/in/barry-c-knapp/@barryknappReading List“Showdown at Gucci Gulch, Lawmakers, Lobbyists, and the Unlikely Triumph of Tax Reform”, Jeffrey H. Birnbaum and Alan S. Murray“A Great Leap Forward, 1930s Depression and US Economic Growth”, Alexander J. Field“1493, Uncovering the New World Columbus Created”, Charles C. Mann“Great Society, A New History”, Amity Shlaes“The Second Machine Age”, Erik Brynjolofsson, Andrew McAfee“Grand Pursuit, the Story of Economic Genius”, Sylvia Nasar“The Rise and Fall of the Great Powers”, Paul Kennedy“Capitalism in America, A History”, Alan Greenspan & Adrian Woolridge“Diversity Explosion, How New Racial Demographics are Remaking America”, William H. Frey“Clashing Over Commerce, A History of US Trade Policy”, Douglas A. Irwin“Destined for War, Can America and China Escape Thucydides’s Trap”, Graham Allison“The Constitution of Liberty”, F.A. Hayek“Judgement in Moscow, Soviet Crimes and Western Complicity”, Vladimir Bukovsky“1931, Debt, Crisis and the Rise of Hitler”, Tobias StraumannMy next book: “Nudge”, Richard H. Thaler & Cass R. SunsteinThis institutional communication has been prepared by Ironsides Macroeconomics LLC (“Ironsides Macroeconomics”) for your informational purposes only. This material is for illustration and discussion purposes only and are not intended to be, nor should they be construed as financial, legal, tax or investment advice and do not constitute an opinion or recommendation by Ironsides Macroeconomics. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, is only a guide to the author’s current expectations and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on: broad-based indices; economic, political, or market conditions; particular types of securities; and/or technical analysis concerning the demand and supply for a sector, index or industry based on trading volume and price. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information in this report is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This material is for sophisticated investors only. This document is intended for the recipient only and is not for distribution to anyone else or to the general public.Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made is made with respect to the accuracy, completeness or timeliness of such information. This information may be subject to change without notice. Ironsides Macroeconomics undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Ironsides Macroeconomics, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Ironsides Macroeconomics or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Ironsides Macroeconomics or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Ironsides Macroeconomics or its affiliates may advise issuers of financial instruments mentioned. No liability is accepted by Ironsides Macroeconomics, its officers, employees, affiliates or partners for any losses that may arise from any use of the information contained herein.Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. This material does not take into account the particular investment objectives or financial circumstances, objectives or needs of any specific investor, and are not intended as recommendations of particular securities, investment products, or other financial products or strategies to particular clients. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this report must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.The material should not be provided to any person in a jurisdiction where its provision or use would be contrary to local laws, rules or regulations. This material is not to be reproduced or redistributed to any other person or published in whole or in part for any purpose absent the written consent of Ironsides Macroeconomics.© 2020 Ironsides Macroeconomics LLC. This is a public episode. Get access to private episodes at ironsidesmacro.substack.com/subscribe
US President Donald Trump trumpeted the US economy at the 50th World Economic Forum in Davos. Ambassador Rufus Yerxa, former senior US trade official, now President of the National Foreign Trade Council, and William Reinsch, senior trade advisor at the Center for Strategic and International Studies, discuss the pros and cons of the latest trade deals negotiated by the Trump administration, including a partial agreement with China and the US-Mexico-Canada Agreement (USMCA) with host Carol Castiel.
Douglas Irwin is the John French Professor of Economics at Dartmouth College and the author of Clashing Over Commerce: A History of US Trade Policy. On this episode, Irwin provides an overview to the history of U.S. trade policy from the 18th century to the modern day, highlighting significant legislation as well as the formation of important intergovernmental organizations that have sprung up along the way. 19:53: On the flawed logic behind the Tariff Act of 1930, and the parallels with similarly problematic thinking in the modern day: “There's absolutely a parallel there because some Democrats in Congress said, ‘You know, we ought to really think about this carefully, and not just our domestic interest but also our export interests, and other countries might retaliate.' And basically, the reaction of most members of Congress was, Republicans at the time, ‘No, we don't have to worry about that. This is a domestic piece of legislation, it doesn't really concern other countries. They're not going to retaliate.' And, of course, they did.” 39:40: Doug discusses the tips and tricks behind one example of “tariff engineering”: “The tariffs applied to motorcycles with piston displacements of 700cc and above. What Honda started doing is producing a 699cc version. Now the difference [between the two] is imperceptible, but just by changing that one cubic centimeter, it changed the whole tariff treatment and you avoided a 45 percent tariff and were assessed at a much, much lower rate.” Jordan will be hosting his first-ever live recording of ChinaEconTalk at the Carnegie Endowment in Washington, D.C., at 6:00 p.m. on Thursday, September 19. Be sure to drop by Mission Dupont afterward for dinner or drinks! Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.
Douglas Irwin is the John French Professor of Economics at Dartmouth College and the author of Clashing Over Commerce: A History of US Trade Policy. On this episode, Irwin provides an overview to the history of U.S. trade policy from the 18th century to the modern day, highlighting significant legislation as well as the formation of important intergovernmental organizations that have sprung up along the way. 19:53: On the flawed logic behind the Tariff Act of 1930, and the parallels with similarly problematic thinking in the modern day: “There’s absolutely a parallel there because some Democrats in Congress said, ‘You know, we ought to really think about this carefully, and not just our domestic interest but also our export interests, and other countries might retaliate.’ And basically, the reaction of most members of Congress was, Republicans at the time, ‘No, we don’t have to worry about that. This is a domestic piece of legislation, it doesn’t really concern other countries. They’re not going to retaliate.’ And, of course, they did.” 39:40: Doug discusses the tips and tricks behind one example of “tariff engineering”: “The tariffs applied to motorcycles with piston displacements of 700cc and above. What Honda started doing is producing a 699cc version. Now the difference [between the two] is imperceptible, but just by changing that one cubic centimeter, it changed the whole tariff treatment and you avoided a 45 percent tariff and were assessed at a much, much lower rate.” Jordan will be hosting his first-ever live recording of ChinaEconTalk at the Carnegie Endowment in Washington, D.C., at 6:00 p.m. on Thursday, September 19. Be sure to drop by Mission Dupont afterward for dinner or drinks!
Scholars of US history have treated trade policy in less than enthusiastic ways. One economic historian described tariffs as “extraordinarily uninteresting things unless related to the political events which give them meaning.” While another historian said the tariff has caused “narcolepsy” among his colleagues. One piece of evidence of this sentiment is that the last comprehensive history of of US trade policy was published in the the late 19th century! Despite the seemingly soporific qualities of the subject, Douglas Irwin wrote a 900-page tome on trade policy. The book, Clashing over Commerce: A History of US Trade Policy (University of Chicago Press, 2019) is remarkably erudite and surprisingly entertaining. Irwin shows how trade policy was at the heart of so many of the major crises and transitions in US history, everything from the Revolution of 1776 to the post-Cold War moment. Indeed, Irwin fashions a focus on tariffs into a new history of the republic itself. Douglas Irwin is the John French Professor of Economics at Dartmouth and a Research Associate at the National Bureau of Economic Research. Dexter Fergie is a PhD student of US and global history at Northwestern University. He is currently researching the 20th century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices
Scholars of US history have treated trade policy in less than enthusiastic ways. One economic historian described tariffs as “extraordinarily uninteresting things unless related to the political events which give them meaning.” While another historian said the tariff has caused “narcolepsy” among his colleagues. One piece of evidence of this sentiment is that the last comprehensive history of of US trade policy was published in the the late 19th century! Despite the seemingly soporific qualities of the subject, Douglas Irwin wrote a 900-page tome on trade policy. The book, Clashing over Commerce: A History of US Trade Policy (University of Chicago Press, 2019) is remarkably erudite and surprisingly entertaining. Irwin shows how trade policy was at the heart of so many of the major crises and transitions in US history, everything from the Revolution of 1776 to the post-Cold War moment. Indeed, Irwin fashions a focus on tariffs into a new history of the republic itself. Douglas Irwin is the John French Professor of Economics at Dartmouth and a Research Associate at the National Bureau of Economic Research. Dexter Fergie is a PhD student of US and global history at Northwestern University. He is currently researching the 20th century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices
Scholars of US history have treated trade policy in less than enthusiastic ways. One economic historian described tariffs as “extraordinarily uninteresting things unless related to the political events which give them meaning.” While another historian said the tariff has caused “narcolepsy” among his colleagues. One piece of evidence of this sentiment is that the last comprehensive history of of US trade policy was published in the the late 19th century! Despite the seemingly soporific qualities of the subject, Douglas Irwin wrote a 900-page tome on trade policy. The book, Clashing over Commerce: A History of US Trade Policy (University of Chicago Press, 2019) is remarkably erudite and surprisingly entertaining. Irwin shows how trade policy was at the heart of so many of the major crises and transitions in US history, everything from the Revolution of 1776 to the post-Cold War moment. Indeed, Irwin fashions a focus on tariffs into a new history of the republic itself. Douglas Irwin is the John French Professor of Economics at Dartmouth and a Research Associate at the National Bureau of Economic Research. Dexter Fergie is a PhD student of US and global history at Northwestern University. He is currently researching the 20th century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices
Scholars of US history have treated trade policy in less than enthusiastic ways. One economic historian described tariffs as “extraordinarily uninteresting things unless related to the political events which give them meaning.” While another historian said the tariff has caused “narcolepsy” among his colleagues. One piece of evidence of this sentiment is that the last comprehensive history of of US trade policy was published in the the late 19th century! Despite the seemingly soporific qualities of the subject, Douglas Irwin wrote a 900-page tome on trade policy. The book, Clashing over Commerce: A History of US Trade Policy (University of Chicago Press, 2019) is remarkably erudite and surprisingly entertaining. Irwin shows how trade policy was at the heart of so many of the major crises and transitions in US history, everything from the Revolution of 1776 to the post-Cold War moment. Indeed, Irwin fashions a focus on tariffs into a new history of the republic itself. Douglas Irwin is the John French Professor of Economics at Dartmouth and a Research Associate at the National Bureau of Economic Research. Dexter Fergie is a PhD student of US and global history at Northwestern University. He is currently researching the 20th century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices
Former USTR Michael Froman joins to discuss how the Obama administration tackled China and the World Trade Organization.
Former USTR Michael Froman joins to discuss how the Obama administration tackled China and the World Trade Organization.
Former USTR Michael Froman joins to discuss how the Obama administration tackled China and the World Trade Organization.
Trump does not believe the WTO can or should dictate U.S. trade policy. The WTO represents a 164 countries. It establishes terms for trade among the countries, and it addresses grievances between countries in dispute.
Fredrik Erixon talks to Elena Bryan, a Senior Fellow at ECIPE and a Managing Director at Pilot Roc Global Strategies a trade and regulatory consultancy in the United States. The discussion covers the topics of the U.S. trade policy, the...
Former U.S. Ambassador to the United Nations Bill Richardson joins podcast host Ambassador Jim Rosapepe to discuss U.S. relations with North Korea, the continuing crisis in Venezuela, and a variety of challenges to international trade policy and the United States' role in those disputes.
Douglas Irwin, author of "Clashing Over Commerce: A History of US Trade Policy," joins me to discuss the ongoing trade war, lessons from American economic history, and much more. The post https://www.aei.org/multimedia/ep-110-clashing-over-commerce-then-and-now/ (Ep. 110: Clashing over commerce, then and now) appeared first on https://www.aei.org (American Enterprise Institute - AEI).
Caitlin Webber, US Trade Policy analyst for Bloomberg Intelligence, on impact of Trump's tariffs and outlook for a trade war. David Garrity, CEO of GVA Research, on social media giants shirking responsibility, the importance of quantum computer cybersecurity, and why trading algorithms need to be reprogrammed. Randall Rothenberg, CEO of the Interactive Advertising Bureau, discusses the rise of the brand economy, and digital media self-regulation. Jamie Butters, US autos reporter for Bloomberg, on impact of steel tariffs on the auto industry.
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...
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...
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...
Paul goes behind the curtain this week to look at the brief shutdown that stopped the government in its tracks. Who won? Did Democrats cave? Do Republicans deserve a victory lap? And will there be a DACA deal in the coming weeks? Also, a look to the impact on US trade policy after the international meeting […]
No one said it was going to be easy, but the heat is ratcheting up as NAFTA renegotiation becomes contentious and the parties race toward a March deadline. The United States has put forward novel proposals that have encountered stiff opposition from Canada and Mexico. Critical sticking points include rules of origin for products such as cars, dispute settlement resolution, and a ‘sunset clause.' As the United States threatens to pull out of NAFTA altogether and the Trump administration emphasizes its preference for bilateral over multilateral trade deals, the rest of the world is watching these talks closely. Carla Hills, the lead negotiator of NAFTA in the 1990s, joins the Council's Phil Levy to discuss whether the United States can really withdraw from NAFTA and what that would mean for the US economy and its international economic leadership. Featuring: Carla Hills, Chairman and Chief Executive Officer, Hills & Company, International Consultants; Phil Levy, Senior Fellow, Global Economy.
Tyler thinks Douglas Irwin has just released the best history of American trade policy ever written. So for this conversation Tyler went easy on Doug, asking softball questions like: Have tariffs ever driven growth? What trade exceptions should there be for national security, or cultural reasons? In an era of low tariffs, what margins matter most for trade liberalization? Do investor arbitration panels override national sovereignty? And, what’s the connection between free trade and world peace? They also discuss the revolution as America’s Brexit, why NAFTA is an ‘effing great’ trade agreement, Jagdish Bhagwati’s key influence on Doug, the protectionist bent of the Boston Tea Party, the future of the WTO, Trump, China, the Chicago School, and what’s rotten in the state of New Hampshire. Transcript and links Follow Doug on Twitter Follow Tyler on Twitter More CWT goodness: Facebook Twitter Instagram Email
Douglas Irwin is a professor of economics at Dartmouth College and a leading expert on trade economics. Today, he joins the show to discuss his new book, *Clashing over Commerce: A History of US Trade Policy,* which examines the history of American trade policy from the late 1700s to the present. Doug explains how US attitudes toward trade evolved over time and how free trade became the postwar consensus. Specifically, Doug argues that the history of US trade policy has been guided by the “three R’s: revenue, restriction, and reciprocity.” Finally, David and Doug discuss some of Doug’s work on the gold standard and the Great Depression. David’s blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com David’s Twitter: @DavidBeckworth Douglas Irwin’s homepage: www.dartmouth.edu/~dirwin/ Douglas Irwin’s Twitter: @D_A_Irwin Related links: *Clashing over Commerce: A History of US Trade Policy* by Douglas A. Irwin http://press.uchicago.edu/ucp/books/book/chicago/C/bo24475328.html “Steve Bannon’s Bad History” by Douglas A. Irwin https://www.wsj.com/articles/steve-bannons-bad-history-1505861920 The Truth About Trade: What Critics Get Wrong About the Global Economy” (Foreign Affairs) by Douglas A. Irwin www.foreignaffairs.com/articles/2016…h-about-trade *Free Trade Under Fire (Princeton University Press, fourth edition 2015)* by Douglas A. Irwin www.amazon.com/Free-Trade-under-…rth/dp/0691166250
The 20th of January, Donald Trump will take the oath of office as the 45th president of the United States. Throughout the campaign, trade was a hotly debated issue and Trump ran on a highly protectionist agenda. What will happen with US trade policy under Trump? Will he pull the US out of NAFTA? Will the US leave the WTO? Is there any future for TTIP? This episode features Peter Chase, senior fellow at the German Marshall Fund of the United States, with more than 30 years in US foreign and trade policy.