In this episode, the Trade Guys breakdown the latest from the G20. President Trump and Xi Jinping settled on a 90-day trade truce. But will the temporary ceasefire last? Also up, the Guys analyze the president's moves on the USMCA, what's next for the agreement, and how Congress might react.
Three things happened last weekend that deserve brief comment.
In this episode, the Trade Guys record in front of a live audience of members of the World Affairs Councils of America. On the agenda was the midterm elections and how the new Democratic majority in the House might affect the dynamics of trade policy. They also discussed tariffs, the USMCA, and more.
The United States is swimming in natural gas, and China has a huge appetite for the relatively clean and efficient fuel to power its economy as it shifts away from coal. That dynamic led to growing U.S. liquefied natural gas exports to China over the past two years, but the trade war has thrown further growth into doubt.
Outside of the new U.S.-Mexico-Canada Agreement (USMCA) to replace the North America Free Trade Agreement, the Trump administration negotiated caps on the amount of autos Mexico and Canada can send to the United States before facing potential Section national security 232 tariffs.
In this episode, the Trade Guys answer some of the top questions submitted by our listeners. What’s the timeline on auto tariffs? Why protect our farmers from foreign tariffs? The Trade Guys answer all this and more.
Some interesting poll data has emerged over the past couple of weeks that merits some discussion. As usual, some of the most useful comes from the Pew Research Center and the intrepid Bruce Stokes, who has spent a lot of time over the past six years trying to understand what the American people think about trade and how that is changing.
The Trump administration has opened a new chapter in its trade war with China.
Seaports are a fundamental part of global trade. In 2017, seaports in the United States handled roughly 42 percent of all trade in goods, worth a total of $1.6 trillion. Ports generate jobs, enable exporters to reach markets overseas, and give consumers access to competitive foreign goods.
There is no question that the president has reframed the debate on trade in the United States. As I have said many times, after 30 years below the fold in the business section (for you, millennials, that’s a reference to old-fashioned newspapers), trade is now on the front page every day. As it turns out, that has had both good and bad consequences.
The Trade Guys continue their recording tour; this time at the University of Maryland's Robert H. Smith School of Business. They are joined by a special guest, Rick Powers, the Port of Baltimore's director of marketing. The guys and Rick discuss updates on NAFTA, the tit-for-tat with China, and roll-on/roll-off (a.k.a. RoRo) shipping's relationship with tariffs.
Being subject to dumping can cause some serious harm and lead to intense fights – and no, we’re not talking about the latest celebrity breakup. In the context of trade, politicians will often blame other countries for “dumping” products into the United States. What are they talking about and, how can companies and the government respond to dumping? Well, like any big breakup, it’s complicated. Watch this video with Trade Guy Bill Reinsch to find out more.
The Trump administration has launched an unparalleled trade war with enemies and allies alike. But it’s been generations since our last true trade war. So how will this play out in our modern age, and what are the stakes?
Most politicians say they are free traders, but disagree over how to achieve free trade. The president's actions and statements have called into question whether he is indeed a free trader, and whether his method of making trade freer will pay off.
Increased imports of autos and auto parts doesn't actually correlate to a decline in U.S. auto manufacturing jobs or auto dealership jobs. In fact, over the past decade, U.S. jobs in both of those parts of the auto sector have grown while imports of autos and auto parts have expanded.
The Trade Guys welcome another special guest, Cody Lusk, who is the president and CEO of the American International Automobile Dealers Association (AIADA).
How much trade between the U.S. and Turkey has been impacted by the Trump administration's tariffs and Turkey's retaliation?
The Trade Guys talk about the U.S.-Turkey diplomatic spat that has spilled into the realm of trade.
U.S. consumers love choices. But, choice in the U.S. market means American manufacturers face stiff competition at home and abroad.
One eternal element of the debate on trade policy is blame. Bad things are happening in our economy. Is trade responsible for them? Trade skeptics say “yes”—trade promotes a race to the bottom. Free traders say “no”—trade is a scapegoat for a lot of other things that are going on.
The U.S.-China trade war doesn’t let up. The Trade Guys tackle how the latest tranche of tariffs are affecting American businesses and Congress.
The U.S. is slapping tariffs on imports from other countries. But what do we import and who are imports for? Trade Guy Scott Miller explains.
Ed Brzytwa is the director of international trade at the American Chemistry Council and a former United States Trade Representative negotiator. He joins the Trade Guys in the studio to talk about how the trade war is affecting both producers and consumers of chemical products.
The U.S. and European Union have agreed to negotiate towards “zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.” What does that really mean, and is it possible?
The Trade Guys discuss whether this is a harbinger of the president’s latest plan to slap 25 percent tariffs on foreign autos and auto parts as the administration makes the argument that auto imports may be a threat to national security.
Trade Guys Bill Reinsch and Scott Miller discuss the United States’ counter-offensive against WTO lawsuits filed by China, the EU, Canada, Mexico, and Turkey.
Blake Hurst is a third-generation farmer and the president of the Missouri Farm Bureau. He joins the Trade Guys in the studio to offer insight on how the trade war is affecting farmers, other producers in the community, and the politics on the ground.
As tariffs begin to stack up and the prospect of higher prices for consumers comes hurtling closer, the question of “Why isn’t anybody doing anything about” gets asked more and more. There is more than one answer to that question.
The Trade Guys discuss the mayhem right before the United States pulls the trigger on imposing tariffs on China.
Trade Guys Bill Reinsch and Scott Miller discuss Harley Davidson’s decision to outsource some of their production and why it has upset the President.
Trade Guys Scott Miller and Bill Reinsch want you to know that the U.S. government has more tools than just tariffs at its fingertips.
The Trade Guys, Scott Miller and Bill Reinsch put President Trump’s notion that trade wars are “good, and easy to win” to the test.
Rules of origin play a big role in the North American Free Trade Agreement, or NAFTA.
The Trade Guys, Bill Reinsch and Scott Miller, take on the Trump administration’s announcement that it will impose tariffs on $50 billion of goods from China, raising the potential for a trade war between the world’s two biggest economies.
The Trade Guys, Scott Miller and Bill Reinsch recap the fallout from the Trump administration’s move to impose tariffs on the EU and Canada.
The U.S.-China trade battle appears to have no end in sight. The Trump administration appears to want it all from China: market access concessions, a reduction in the trade deficit, and significant internal Chinese reforms.
The Trade Guys, Scott Miller and Bill Reinsch tackle two big stories: what came out of the latest U.S.-China trade talks, and what’s happening with the North American Free Trade Agreement.
Robert Lighthizer, the U.S. Trade Representative, is dusting off his playbook from the 80s. The trade policy veteran, who served as a deputy in the Reagan administration, is seeking negotiated steel and aluminum quotas and has made his skepticism of the World Trade Organization no secret.