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

White House, “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits“

Peter Harrell, “The Case Against IEEPA Tariffs”, Lawfare

Podcast
- June 12, 2025
Tariffs & and the Defense Industrial Base with Becca Wasser, plus what’s new in the U.S.-China trade war
Geoff and Emily debrief on the latest news in the U.S.-China trade talks. Becca Wasser, senior fellow and deputy director of the CNAS defense program, joins to talk about what...

By Emily Kilcrease, Geoffrey Gertz & Becca Wasser
Video
- June 10, 2025
U.S.-China Talks Continue | Bloomberg: Asia Trade
Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from Center for a New American Security’s Emily Kilcrease on U.S...

By Emily Kilcrease
Commentary
- Foreign Affairs
- June 9, 2025
Tell Me How This Trade War Ends
Against this backdrop, Trump has turned the United States into a revisionist power seeking to shatter what remains of the economic order....

By Emily Kilcrease & Geoffrey Gertz
Video
- June 6, 2025
U.S.-India Trade Talks Show Progress, but Major Hurdles Remain, Says Strategist
Rachel Ziemba, adjunct senior fellow at the Center for a New American Security, says the U.S. and India are making progress toward a trade deal, driven by shared geostrategic ...

By Rachel Ziemba