E016: Salman Ahmed, senior fellow at the Carnegie Endowment for International Peace and project editor of a new report on Nebraskans’ views of foreign policy discusses the report takeaways—including what surprised him most about Nebraska. The project was designed to test assumptions about how U.S. foreign policy interacts with the economic wellbeing of the middle class and bring heartland voices to a debate that is typically influenced by coastal cities. He also discusses possible ways to better integrate the economic experience of American citizens into the foreign policymaking process. 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: U.S. Foreign Policy for the Middle Class: Perspectives from Nebraska, Carnegie Endowment for International Peace and the University of Nebraska System Maker and Privilege Taker: U.S. Power and the International Political Economy by Michael Mastanduno Failure to Adjust: How Americans Got Left Behind in the Global Economy by Edward Alden The Great Exception: The New Deal and the Limits of American Politics by Jefferson Cowie 

Trade Matters

A Closer Look: Nebraskans on U.S. Foreign Policy

E015: Kellie Meiman Hock, Managing Partner at McLarty Associates, walks through the challenges playing out in the run-up to USMCA’s entry into force on July 1, including the deal’s new rules for the auto industry, labor provisions, and U.S.-Mexico differences over how to define what is an “essential business.” She also weighs in on the debate over regionalizing supply chains brought about by Covid-19 and where she sees the greatest potential wins in ongoing U.S.-Brazil trade negotiations. 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: Clashing Over Commerce, Douglas A. Irwin Trade is Not a Four Letter Word, Fred Hochberg 

Countdown to USMCA

E014: Darci Vetter, Vice Chair of Agriculture, Food and Trade at Edelman and former U.S. Chief Agricultural Negotiator, explains why food security depends on the free global movement of food, how Covid-19 has impacted food supply chains, and how protectionist actions can backfire. She also discusses the U.S.-China Phase One trade deal and raises an issue in U.S.-Mexico-Canada trade that she believes looms even larger than USMCA implementation. 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: ‘Sadness’ and Disbelief From a World Missing American Leadership, Karin Bennhold, New York Times Export Prohibitions and Restrictions, World Trade Organization, April 23, 2020 

Covid-19 and the Food Supply Chain

E013: David Morfesi, director of international trade at MinterEllison, Australia’s largest law firm, discusses the relationship between global health and trade, including the role of trade experts at the World Health Organization, how countries use trade measures differently during public health crises, and why the reaction to the Covid-19 pandemic will be as unprecedented as the event itself. He also explains what the pandemic may mean for supply chains in the future and how it may change views of China when it comes to trade. 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: DDG Wolff: Time to start planning for the post-pandemic recovery World Trade Organization, April 9, 2020 

Trade and Covid-19

E012: Carl Pilon, Senior Trade Commissioner at the Consulate General of Canada in Minneapolis, explains the role of Canadian trade commissioners in the U.S.-Canada trading relationship, the Canadian perspective on next steps before USMCA takes effect, and the potential impact of new covid-19 related border restrictions on U.S.-Canada trade. He also discusses the top question he gets from Canadian businesses about Nebraska and the region covered by the Minneapolis consulate. 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: The Canada-United States-Mexico Agreement: Economic Impact Assessment Global Affairs Canada, February 26, 2020 

U.S.-Canada Trade and What’s Next for the USMCA

E011: Dr. Douglas Lippoldt, Chief Trade Economist at HSBC Global Research in London, explains why the U.S. and EU are each other’s largest trade and investment partners despite never having negotiated a free trade agreement, what’s at stake as the two parties negotiate a limited trade deal, and why agriculture is a longstanding sticking point in U.S.-EU trade. He also explains what Americans and Europeans might misperceive about each other’s agricultural systems. 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: Trade and American Leadership: The Paradoxes of Power and Wealth from Alexander Hamilton to Donald Trump by Craig VanGrasstek Lippoldt, D., “Labour markets trade up: International commerce delivers economy-wide benefits”, HSBC Insights, 4 October 2019 Lippoldt, D., “New trade deals deliver: early gains from Pacific Basin and EU-Japan accords”, HSBC Insights, 16 May 2019 OECD (2012), Policy Priorities for International Trade and Jobs, (ed.), D. Lippoldt, Organization for Economic Cooperation and Development Lippoldt, D. (2015), "Innovation and the Experience with Agricultural Patents Since 1990: Food for Thought", OECD Food, Agriculture and Fisheries Papers, No. 73, OECD Publishing, Paris

U.S.-EU Trade and Agriculture

E010: Mercatus Center Senior Research Fellow Dr. Christine McDaniel explains why traditional trade statistics have not kept up with changes in how trade actually happens—and how this can distort our understanding of trade. She describes how two trends—trade in value added and trade in services—lead to misinterpretations of our trade data and discusses how our approach may need to change. She also walks through the unintended consequences of U.S. trade remedy regulations and describes her number one recommendation for changing U.S. trade law. 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: The Downstream Costs of Trade Remedy Regulations by Christine McDaniel and Veronique de Rugy The Great Convergence by Richard Baldwin 

What Trade Statistics Can—and Can’t—Tell Us

E009: Dr. Michael Plummer, Eni Professor of International Economics at the Johns Hopkins School of Advanced International Studies (SAIS) and Director of SAIS Europe, discusses all things Asia, emphasizing the three things he thinks are “the big news” from the region: the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP); the China-led Regional Comprehensive Economic Partnership (RCEP); and economic integration in the Association of Southeast Asian Nations (ASEAN). He explains why political and strategic implications surrounding trade negotiations are often more important than the economic ones, using his own research on India’s withdrawal from RCEP to demonstrate the point. He also tells us why we should be paying more attention to ASEAN. 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: Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States by Peter A. Petri, Michael G. Plummer, Shujiro Urata, and Fan Zhai The Truth About Trade by Douglas A. Irwin 

What's Going on in Asia?

E008: TradeVistas.org Editor-in-Chief Andrea Durkin dives into the U.S.-China Phase One deal, explaining why she believes it is an example of U.S. leadership at its best and how it may help U.S. agriculture over the long term. She also discusses the lesser-known joint effort of the U.S., EU, and Japan to tackle industrial subsidies to state-owned enterprises—a problem at the heart of the U.S.-China dispute—and highlights a trade issue that she believes should get more attention in 2020 and beyond. 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: Redesigning Trade Deals in the Age of Trump by Andrea Durkin How China's Economic Aggression Threatens the Technologies and Intellectual Property of the United States and the World White House Office of Trade and Manufacturing Policy, June 2018Prisoners of Geography by Tim Marshall

U.S. Leadership and the U.S.-China Phase One Deal

E007: Kenneth Smith Ramos, who served as Mexico’s lead negotiator on the U.S.-Mexico-Canada Agreement (USMCA), explains how Mexico approached the negotiation and walks through one of the major sticking points that has held up the pact’s consideration by the full U.S. House of Representatives: labor provisions and how they would be enforced. He describes a key strategy Mexico employed to build domestic consensus in Mexico around USMCA, which helped lead to the deal’s ratification in the Mexican Senate in June, 2019. He also explains why the periodic review built into USMCA is useful not just for policymakers—but for all of us. 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: Emmanuel Macron in His Own Words The Economist, 11/7/2019

USMCA: A View From Mexico

E006: Katrin Kuhlmann, Visiting Professor at Georgetown University Law Center and President and Founder of New Markets Lab, discusses a region where she sees unprecedented levels of enthusiasm around harnessing trade’s potential to boost economic growth: Africa. She describes emerging new approaches to international economic law, explains why the African Continental Free Trade Agreement could be a landmark for trade and development, and unpacks how some developing countries are benefiting from U.S.-China trade tensions. 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: World Trade and Investment Law Reimagined: A Progressive Agenda for an Inclusive Globalization Edited by Alvaro Santos, Chantal Thomas, David Trubek Trade and Poverty Reduction: New Evidence of Impacts in Developing Countries Joint Publication by the World Bank Group and the World Trade Organization, 2018 Coalition for GSP

Trade, Development, and New Trends in International Law

E005: Bruce Hirsh, founder of Tailwind Global Strategies and former Legal Advisor to the U.S. Mission to the World Trade Organization, explains why the World Trade Organization’s highest appeals court—the Appellate Body—may cease to function as of December 11, 2019, and why it matters. He discusses why the Appellate Body was created, the critiques about how it operates, and the dynamics that led to this crisis point. He also weighs in on whether the crisis was inevitable and what he sees as the greatest risk posed by a collapse of the Appellate Body. 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: Closing Pandora's Box: The Growing Abuse of the National Security Rationale for Restricting Trade by Simon Lester and Huan Zhu

Why is there a Crisis at the World Trade Organization?

E004: Chuck Hagel, former U.S. Senator from Nebraska (1997-2009) and U.S. Secretary of Defense (2013-2015), explains why he thinks “trade war” is not an accurate or useful way to describe recent trade dynamics between the United States and trading partners. He also examines the relationship between the economic health of the United States and the country’s national security and explains how trade and economics figured into his role as Secretary of Defense. 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: Present at the Creation by Dean Acheson America: Our Next Chapter by Chuck Hagel with Peter Kaminsky

War, Peace and Trade

E003: Michael Salerno, Vice President of Global Banking for First National Bank of Omaha, discusses how trade policy changes impact risk dynamics in global banking, what a banker looks for in the content of new free trade agreements, and what it takes to capitalize on new relationships in new markets. He also discusses the two most important global developments he’s watching as a global banker. 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: Economist Espresso

A Global Banker’s View of Trade

E002: Council on Foreign Relations Senior Fellow and Visiting Professor at Western Washington University Edward Alden puts today’s trade policy dynamics in historical perspective. He discusses how the Peterson Memo of 1971 served as a warning about the disruptive aspects of globalization; unpacks the delicate balance between the goals of maximizing trade flows and improving domestic welfare; explains why he thinks state and local governments should have a stronger voice in trade policy; and makes a bold prediction about how future historians will look back on this moment in the life of the World Trade Organization. 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: The Hidden Wealth of Nations by Gabriel Zucman Failure to Adjust: How Americans Got Left Behind in the Global Economy by Edward Alden

Trade Policy Today: What’s New and What’s Not

Making trade relatable by unpacking the new developments and long-running trends reshaping global markets. Brought to you by the Clayton Yeutter Institute of International Trade and Finance at the University of Nebraska-Lincoln.

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Trade Matters

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