This paper will consist on listening to an episode of the podcast Trade Talks(https://piie.com/trade-talks) and will ask for your summary and your opinion.

– Episode 31.
Trade Wars and the Smoot-Hawley Tariff: What Really Happened?

1. Intro and summary of the episode: main topics.
2. Discussion extending the points made on the episode. How do they connect with the theory seen in class? Do you agree or not? What are they adding? (Use AT LEAST two models seen in class)
3. Conclusion regarding how important is the topic and what would you add.

Models:
Trade policy with imperfect competition
Trade policy
Offshoring
imperfect competition
Specific factors
HO Model
Ricardian Trade Modal
Trade in the Global Economy