Kyle Risdahl

Welcome to the program.

It's good to have you on.

Good to be here.

Thanks for having us.

Would one of you please, just so we all have the same definition here, tell me what a trade war is?

I was told, Chad Bound, that one cannot win a trade war, and yet here you and Smear are, having written a whole book about it.

Help me out here.

Well, I was actually one of the people who used to say such a thing.

I think you said it to me on this program, actually.

I think I have, but that was the old world, and unfortunately we're in a new world now where we have to fight a trade war.

You're not allowed to say, I don't want to play in this game, and given that,

The way to win is to do the best that you can.

Sometimes that's to minimize your wounds.

But we think there's actually more opportunities there than that, that you can actually do better if you actually learn how to fight.

Well, go on, one of you, because we all know that trade wars are not great and it's not going great.

Chad, does it ever strike you or does it ever occur to you how amazing it is that we're here?

You're a guy who spent his whole life on trade and trade policy, right, in academia and in the government.

And here you are now, literally in the middle of a trade war.

It really does.

It's at some level a little bit surreal.