Keynes and Bown explain Trump’s latest trade actions in his national security cases on steel, aluminum and automobiles. They speak with Kristin Dziczek (Center for Automotive Research) about perceived threats to R&D of “American-owned” carmakers, as well as the political and economic implications of Trump negotiating voluntary export restraints on autos from the EU and Japan. They also describe the managed trade implications of the agreement to remove US tariffs on steel and aluminum from Canada and Mexico, as well as the possible resumption of future conflict.

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• Soumaya Keynes. 2019. American importers of metals from Canada and Mexico gain relief from tariffs. But the overall direction is still towards protectionism. The Economist, 23 May.