Ep. 47 – WITA’s Friday Exchange: The Three B’s: Trade Defense, Overcapacity, and Global Tensions

Ep. 47 – WITA’s Friday Exchange: The Three B’s: Trade Defense, Overcapacity, and Global Tensions

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Former Trade Negotiators Discuss This Week’s Tariff Trade Developments.

No one understands the dynamics with key U.S. trading partners better than the people who led these kinds of difficult trade negotiations for the United States. Panelists will update our viewers on the trade policy announcements, what remains undone; and what are expected next steps in these trade negotiations.

This week’s episode is a “travel log” edition as our panel returns fresh off trips to Beijing, Brussels, and Berlin. The discussion explores rising concerns over China’s industrial overcapacity, the expanding use of trade defense tools like Section 301, and the legal and policy timelines shaping upcoming U.S. tariff actions.

In Europe, policymakers are balancing stability under recent trade arrangements with growing pressure to adopt stronger responses to China, while also managing tensions in their relationship with the United States. In China, officials continue to emphasize “comprehensive strategic stabilization” following recent diplomatic engagement, even as trade imbalances and export growth remain central concerns.

The panel also examines emerging alignment between the U.S. and Europe on trade enforcement tools, alongside political and rhetorical friction that complicates cooperation. Finally, they discuss uncertainty around USMCA and the likelihood of renewed negotiation pressure rather than formal withdrawal.

Featured Speakers:

Wendy Cutler

Wendy Cutler

Senior Vice President

Asia Society Policy Institute

Wendy Cutler is Senior Vice President at the Asia Society Policy Institute (ASPI), based in Washington, D.C. In this role, she focuses on leading initiatives that address challenges related to trade, investment, economic security, and innovation, as well as women’s empowerment in Asia.

Cutler joined ASPI following an illustrious career of nearly three decades as a diplomat and negotiator in the Office of the U.S. Trade Representative (USTR), where she also served as Acting Deputy U.S. Trade Representative. During her time at USTR, she worked on a range of bilateral, regional, and multilateral trade negotiations and initiatives, including the U.S.-Korea Free Trade Agreement, the Trans-Pacific Partnership, U.S.-China negotiations, and the WTO Financial Services negotiations.

Cutler has published a series of ASPI papers on the Asian trade landscape and serves as a regular media commentator on trade and investment developments in Asia and the world.

Wendy Cutler

Wendy Cutler

Senior Vice President

Asia Society Policy Institute

Wendy Cutler is Senior Vice President at the Asia Society Policy Institute (ASPI), based in Washington, D.C. In this role, she focuses on leading initiatives that address challenges related to trade, investment, economic security, and innovation, as well as women’s empowerment in Asia.

Cutler joined ASPI following an illustrious career of nearly three decades as a diplomat and negotiator in the Office of the U.S. Trade Representative (USTR), where she also served as Acting Deputy U.S. Trade Representative. During her time at USTR, she worked on a range of bilateral, regional, and multilateral trade negotiations and initiatives, including the U.S.-Korea Free Trade Agreement, the Trans-Pacific Partnership, U.S.-China negotiations, and the WTO Financial Services negotiations.

Cutler has published a series of ASPI papers on the Asian trade landscape and serves as a regular media commentator on trade and investment developments in Asia and the world.

Dan Mullaney

Daniel Mullaney

Non-Resident Senior Fellow

Atlantic Council

Daniel Mullaney is a nonresident senior fellow with the Atlantic Council’s Europe Center and GeoEconomics Center. Most recently, he served as assistant US trade representative (AUSTR) for Europe and the Middle East in the Office of the United States Trade Representative (USTR) from 2010 to 2023. He was chief negotiator for comprehensive trade agreements with the European Union (EU) and the United Kingdom, as well as trade lead for the US-EU Trade and Technology Council, and was responsible for developing and implementing US trade policy in Europe, Eurasia, Russia, the Middle East, and North Africa.

Before assuming the post of AUSTR, he served as senior trade representative in the US Mission to the European Union in Brussels, where he was the principal voice for US trade policy in interactions with the EU institutions and EU member state governments, the public, and the international press. Prior to that posting, Mullaney was in USTR’s Office of General Counsel for seven years, where he represented the United States in dispute settlement proceedings at the World Trade Organization and led negotiations and acted as legal counsel for free trade and other agreements. Before joining USTR, Mullaney was in private practice for nearly twenty years, specializing in international trade law and litigation; when he entered public service, he was a partner at the law firm of Dorsey and Whitney.

Mullaney is a native of Cincinnati, Ohio. He holds a BA from Amherst College, and a joint law/foreign service JD/MSFS degree from Georgetown University.

Dan Mullaney

Daniel Mullaney

Non-Resident Senior Fellow

Atlantic Council

Daniel Mullaney is a nonresident senior fellow with the Atlantic Council’s Europe Center and GeoEconomics Center. Most recently, he served as assistant US trade representative (AUSTR) for Europe and the Middle East in the Office of the United States Trade Representative (USTR) from 2010 to 2023. He was chief negotiator for comprehensive trade agreements with the European Union (EU) and the United Kingdom, as well as trade lead for the US-EU Trade and Technology Council, and was responsible for developing and implementing US trade policy in Europe, Eurasia, Russia, the Middle East, and North Africa.

Before assuming the post of AUSTR, he served as senior trade representative in the US Mission to the European Union in Brussels, where he was the principal voice for US trade policy in interactions with the EU institutions and EU member state governments, the public, and the international press. Prior to that posting, Mullaney was in USTR’s Office of General Counsel for seven years, where he represented the United States in dispute settlement proceedings at the World Trade Organization and led negotiations and acted as legal counsel for free trade and other agreements. Before joining USTR, Mullaney was in private practice for nearly twenty years, specializing in international trade law and litigation; when he entered public service, he was a partner at the law firm of Dorsey and Whitney.

Mullaney is a native of Cincinnati, Ohio. He holds a BA from Amherst College, and a joint law/foreign service JD/MSFS degree from Georgetown University.

Stephen Vaughn

Stephen Vaughn

Partner, International Trade

King & Spalding LLP

Stephen P. Vaughn is a Partner in the International Trade Team of King & Spalding, where he works primarily on international trade litigation and policy matters. In April 2019, Vaughn completed more than two years of service as General Counsel for the Office of the United States Trade Representative (USTR), where he managed a team of government attorneys representing U.S. interests in both trade negotiations and trade litigation. During two months in early 2017, he also served as acting U.S. Trade Representative.

Vaughn is widely regarded as one of the world’s foremost authorities on current U.S. trade policy, as well as one of the most talented U.S. trade remedy litigators. He is recognized as a leading practitioner in Trade Remedies and Trade Policy by Legal 500 U.S., Chambers USA, and Chambers Global. He was named a 2024 Client Service All-Star by BTI Consulting and one of Washingtonian’s 500 Most Influential People Shaping Policy in 2025.

Stephen Vaughn

Stephen Vaughn

Partner, International Trade

King & Spalding LLP

Stephen P. Vaughn is a Partner in the International Trade Team of King & Spalding, where he works primarily on international trade litigation and policy matters. In April 2019, Vaughn completed more than two years of service as General Counsel for the Office of the United States Trade Representative (USTR), where he managed a team of government attorneys representing U.S. interests in both trade negotiations and trade litigation. During two months in early 2017, he also served as acting U.S. Trade Representative.

Vaughn is widely regarded as one of the world’s foremost authorities on current U.S. trade policy, as well as one of the most talented U.S. trade remedy litigators. He is recognized as a leading practitioner in Trade Remedies and Trade Policy by Legal 500 U.S., Chambers USA, and Chambers Global. He was named a 2024 Client Service All-Star by BTI Consulting and one of Washingtonian’s 500 Most Influential People Shaping Policy in 2025.

Kellie Meiman Hock

Senior Counselor

McLarty Associates

Kellie Meiman Hock is a Senior Counselor at McLarty Associates and an adjunct professor at Georgetown University. A long-time Latin America and trade policy hand, Kellie for over three decades has managed the most challenging issues confronting companies as they seek to manage global operations, tackle market access barriers, and grow internationally. She worked for nearly a decade as a U.S. Foreign Service Officer at the Department of State, serving in Bogota, Colombia, and throughout Brazil in Porto Alegre, São Paulo, and Recife. Her final posting was at the Office of the U.S. Trade Representative as Director for Brazil and the Southern Cone.

Kellie joined McLarty Associates in 2000, originally founding the firm’s trade and Brazil/Southern Cone practices and eventually becoming Managing Partner. She is now Senior Counselor to the firm and an adjunct professor at Georgetown University. She also guest lectures at University of Nebraska and McGill University. Kellie is a member of the Council on Foreign Relations, chairs the Women’s Foreign Policy Group Leadership Council, and is on the board of the Inter-American Dialogue and the Washington Campus

Kellie Meiman Hock

Senior Counselor

McLarty Associates

Kellie Meiman Hock is a Senior Counselor at McLarty Associates and an adjunct professor at Georgetown University. A long-time Latin America and trade policy hand, Kellie for over three decades has managed the most challenging issues confronting companies as they seek to manage global operations, tackle market access barriers, and grow internationally. She worked for nearly a decade as a U.S. Foreign Service Officer at the Department of State, serving in Bogota, Colombia, and throughout Brazil in Porto Alegre, São Paulo, and Recife. Her final posting was at the Office of the U.S. Trade Representative as Director for Brazil and the Southern Cone.

Kellie joined McLarty Associates in 2000, originally founding the firm’s trade and Brazil/Southern Cone practices and eventually becoming Managing Partner. She is now Senior Counselor to the firm and an adjunct professor at Georgetown University. She also guest lectures at University of Nebraska and McGill University. Kellie is a member of the Council on Foreign Relations, chairs the Women’s Foreign Policy Group Leadership Council, and is on the board of the Inter-American Dialogue and the Washington Campus

FEATURED AUDIO

June 12, 2026

The Three B’s: Trade Defense, Overcapacity, and Global Tensions

00:00 / 00:00

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