On Sunday, Treasury Secretary Mnuchin announced that “we’re putting the trade war [with China] on hold.” Meanwhile the NAFTA renegotiations seem to be stalling. Professors Epstein and White debate trade policy in theory and practice. Featuring cameo appearances by Ricardo, Keynes, Lincoln, Hamilton, Clay, Mnuchin, and Trump.
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Richard Epstein analyzes Donald Trump’s recent gambits on North Korea and Iran, contrasts the Trump Administration’s approach to foreign policy with the Obama Administration’s, and explains how contract theory should inform negotiations with Pyongyang.