April 04, 2025
Trump’s Liberation Day Tariffs + Gaming How a Trade War Ends
Emily and Geoff are recuperating from a busy Liberation Day of new tariff announcements. On this week’s episode, they break down what new tariffs the President announced, raise some questions about how this sweeping new tariff regime will actually be implemented, and discuss what a recent CNAS economic wargame suggests about how foreign countries might respond. Plus, they argue about who gets to negotiate with the penguins.
Ana Swanson, “Want to Play a Game? Global Trade War Is the New Washington Pastime”, New York Times
Peter Harrell, “The Case Against IEEPA Tariffs”, Lawfare
More from CNAS
-
What if 'America First' Appears to Work? With Tom Wright
Podcast
Tom Wright joins to talk about his recent article, “What if 'America First' Appears to Work?" about the Trump administration’s “might makes right” approach to foreign policy, ...
By Emily Kilcrease & Geoffrey Gertz
-
Economic Security in North America
Reports
Executive Summary The United States, Mexico, and Canada Agreement (USMCA) negotiated during President Donald Trump’s first term includes a novel review clause. By July 2026, t...
By Emily Kilcrease & Geoffrey Gertz
-
Hearing on the Operation of the Agreement between the United States of America, the United Mexican States, and Canada
Congressional Testimony
Thank you for the opportunity to provide testimony today. My remarks will focus on the role that the U.S.-Mexico-Canada Agreement (USMCA) plays in advancing America’s strategi...
By Emily Kilcrease
-
Video
Indo-Pacific Security / Energy, Economics & Security
North Korea’s Provocations, Power Plays, and Shifting AlliancesTensions on the Korean Peninsula have reached a new and dangerous threshold. President Lee Jae Myung is warning of a real risk of accidental military clashes, as the situation...
By Dr. Go Myong-Hyun
