Has the parlance of trade kept up with changes in the way trade actually happens? Dr. Phil Levy, Chief Economist at Flexport and former White House and State Department economic policy adviser, joins us to discuss this gap, why it exists, and how it relates to public expectations about what trade agreements can and should accomplish. Opinions expressed on Trade Matters are solely those of the guest or host and not the Yeutter Institute or the University of Nebraska-Lincoln. Show Notes Does the U.S. Need a Vigorous Industrial Policy? by Phil Levy and Christine McDaniel, Discourse Magazine, February 16, 2021