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What do a neodymium magnet, a Leuven microchip and a "dream big" pen have in common? On the fringes of Trade Policy Day, Chad Bown, former chief economist at the US State Department, and Tomas Baert from President von der Leyen's cabinet unpack choke points, the second China shock, Europe's record run of trade deals and why protectionism doesn't protect.Plus: the magnets that kept getting Tomas stopped at customs.