Trade Knowledge Matters

• How Asia Is Responding to US Tariffs

  Global trade tensions are rising following the announcement of President Trump's Reciprocal Tariffs!In this episode, Amar sits down with friends of the podcast and trade experts, Dr Deborah Elms, Head of Trade Policy, Hinrich Foundation and Dr. Anirudh Shingal, Professor of Economics, SP Jain Institute of Management and Research. They discuss the recent implementation of tariffs by the US on its trading partners, particularly focusing on the impact on Asian countries. They highlight the complexities of these tariffs, the varying effects on different countries, and the potential for regional responses and reforms. Both Deborah and Anirudh provide insights into how countries in Southeast Asia and South Asia are navigating these challenges, the importance of regional integration, and the prospects for future trade agreements.Key TakeawaysThe US tariffs are based on bilateral deficits, not trade restrictions.Asian countries face significant tariff rates, impacting their economies.Cambodia and Vietnam are particularly affected by high tariffs.Countries may need to absorb tariff-induced price hikes or reduce import duties.ASEAN countries have diverse interests and challenges regarding tariffs.China's market dependency complicates Southeast Asia's trade strategies.Countries should use tariffs as an opportunity for internal reforms.Regional integration is essential for navigating trade challenges.India is actively pursuing trade agreements with multiple countries.Revisiting the India-ASEAN trade agreement could improve market access. Governments should focus on small businesses in trade policies.Legal language must be accessible to small businesses.Reconsidering non-starter ideas in trade is essential.India's trade policy needs significant reforms to compete globally.Services trade is crucial for economic growth in India.Removing barriers to services trade can boost manufacturing.Competition in global trade is increasing due to tariffs.Developing economies must be integrated into services trade.Current events may signify a historical turning point in trade.Leadership is needed to navigate the future of multilateralism.Follow us on: Twitter: ⁠@TKENews⁠LinkedIN: ⁠Trade Knowledge Exchange ⁠Check out our ⁠⁠website⁠⁠.Also, we would like to hear from you, our listeners! Send us an email, ⁠[email protected]⁠Please, rate, review, share and subscribe to our podcast.

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• Services Trade: The Invisible Trade

  What exactly is trade in services? Why is it relevant when discussing trade and development, especially in Africa? How does it work? If you have asked these questions, then this episode provides some of the answers. In this episode, Amar sits down with services experts, Beatrice Chaytor, Head of Trade in Services, AfCFTA and Prachi Agarwal, Research Fellow, International Economic Development Group, ODI Global. They discuss:The critical role of services trade in Africa's economic development, particularly in the context of the African Continental Free Trade Area (ACFTA). The importance of services in driving structural transformation, enhancing productivity, and fostering economic diversification.The challenges and opportunities with services trade And much more Key TakeawaysTrade policy extends beyond Washington DC to global contexts.Services trade is a rapidly growing component of the economy.Africa's services exports account for a small percentage of global trade.The African Continental Free Trade Agreement (ACFTA) aims to enhance regional trade.Services can drive economic growth and diversification in Africa.Investment in services can create jobs, especially for women and youth.The ACFTA includes protocols on trade in services and investment.Regional Economic Communities (RECs) play a crucial role in trade integration.Challenges include regulatory barriers and lack of awareness about services.Follow us on: Twitter: ⁠@TKENews⁠LinkedIN: ⁠Trade Knowledge Exchange ⁠Check out our ⁠⁠website⁠⁠.Also, we would like to hear from you, our listeners! Send us an email, ⁠[email protected]⁠Please, rate, review, share and subscribe to our podcast.

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• Trump Wins: Trade Strategy Under His Administration

  In this episode of Trade Knowledge Matters, Amar discusses with Meredith Lilly, Professor and Simon Reisman Chair in International Economic Policy, Carleton University and Simon Lester, Founder, WorldTradeLaw.net and China Trade Monitor. He is also a non-resident Fellow at the Baker Institute. They delve into the implications of the recent US elections on global trade policy, particularly focusing on tariffs under the Trump administration. Key Takeaways Trump's administration views tariffs as a multipurpose economic tool. The proposed tariffs could significantly impact American households. Canada and Mexico are particularly vulnerable to US tariff policies. Risk mitigation strategies are essential for trade partners. The USMCA provides a framework for ongoing trade negotiations. Digital services taxes may provoke US retaliation. China's trade practices will be a focal point in negotiations. Chapters 00:00 Introduction to Trade Policy Post-Elections 02:35 Trump's Tariff Strategy and Its Implications 05:01 Routes for Tariff Implementation 07:56 Impact of Tariffs on Canada and Mexico 10:41 Risk Mitigation Strategies for Trade Partners 13:00 Negotiation Strategies with the Trump Administration 15:33 USMCA: Challenges and Opportunities 18:18 Future of USMCA and Trade Relations 26:20 Leveraging Canada's Energy and Resources 32:14 The Role of Services in Modern Trade Policy 40:33 Emerging Trade Clubs and Global Trade Governance 47:28 The Future of USMCA and Global Alliances Follow us on:  Twitter: ⁠@TKENews⁠ LinkedIN: ⁠Trade Knowledge Exchange ⁠ Check out our ⁠⁠website⁠⁠. Also, we would like to hear from you, our listeners! Send us an email, ⁠[email protected]⁠ Please, rate, review, share and subscribe to our podcast.

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• Critical Minerals in Trade: Policy Choices and Pathways for Sustainable Growth

  In this episode of Trade Knowledge Matters, Amar discusses with Kimberley Botwright, Head of Sustainable Trade, World Economic Forum, and Sunayana Sasmal, Research Fellow in International Trade Law, UK Trade Policy Observatory at the University of Sussex. They delve into the significance of critical minerals in modern trade policy, exploring its role in economic development, environmental sustainability, and international cooperation. They cover: The challenges faced by resource-rich countries in accessing markets and moving up the value chain The importance of investment in processing The potential role of the WTO in facilitating trade rules And more Key Takeaways Critical minerals are essential for modern industrial applications. The definition of critical minerals varies by country and context. Access to critical minerals is crucial for both economic and military applications. Developing countries face challenges in managing resource wealth. Investment in processing capacity is vital for resource-rich countries. Export restrictions can hinder market access and investment. The WTO plays a significant role in trade negotiations and dispute resolution Chapters 00:00 - Introduction to Critical Minerals and Trade Policy 02:58 - The Importance of Critical Minerals in Modern Economy 05:00 - Balancing Access and Value Chain Development 11:06 - Investment Challenges and Development Finance 16:24 - The Role of WTO in Trade Rules and Critical Minerals 21:49 - Bilateral Agreements and International Cooperation 31:29 - Circularity and ESG Standards in Trade Policy Follow us on:  Twitter: @TKENews LinkedIN: Trade Knowledge Exchange  Check out our ⁠website⁠. Also, we would like to hear from you, our listeners! Send us an email, [email protected] Please, rate, review, share and subscribe to our podcast.

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• US Trade Policy in a Global Context

  To kick off Season 4 of Trade Knowledge Matters, we look at US Trade Policy. Amar sits down with William (Bill) Reinsch. Bill holds the Scholl Chair in International Business at the Center for Strategic and International Studies (CSIS) and also co-hosts a podcast, Trade Guys. This episode delves into the complexities of US trade policy, examining the shifts in bipartisan consensus, the impact of economic security on trade decisions, and the evolving narratives within political parties. The discussion highlights the implications of tariffs, friend shoring, and sectoral concerns, while also addressing the challenges of market access and much more. Chapters 00:00 Introduction to US Trade Policy 02:57 Shifts in Bipartisan Trade Consensus 06:10 Drivers of Trade Restriction in the US 09:07 Evolution of Trade Narratives in Political Parties 12:01 Economic Security and Friend Shoring 14:50 Key Sectors of Economic Security Concern 18:10 Assessing Policy Interventions for Economic Security 20:57 Market Access Challenges in US Trade Policy 24:08 Sectoral Engagement in Trade Negotiations 27:04 Carbon Emissions and Trade Policy Intersection 29:51 Digital Trade Dynamics and US Policy Changes 33:10 Developing a Positive Trade Narrative You can find and listen Bill on his podcast, Trade Guys. Follow us on:  Twitter: @TKENews LinkedIN: Trade Knowledge Exchange  Check out our ⁠website⁠. Also, we would like to hear from you, our listeners! Send us an email, [email protected] Please, rate, review, share and subscribe to our podcast.

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