CFR's Brad Setser and Wiley Rein's Greta Peisch join Security Economics to look back at the year of trade and tariff news since Trump's proclaimed "Liberation Day" on April 2, 2025. The episode unpacks economic developments, trade deals, China, and where we might be headed in the year ahead.

Security Economics is back! And we have a great episode for the reboot, on critical minerals.

The Trump Administration is doing a lot on critical minerals across both the domestic and international arenas. To help break it all down, Sahar Hafeez of Pillsbury and Arnab Datta of IFP join to talk about the minerals we all use every day, whether we know it or not.

Tax is an essential element of U.S. national security. The U.S. tax code can drive investments in strategic industries, and of course the U.S. has to pay for its defense and national security apparatus somehow.

Georgetown Law Professor Itai Grinberg joins Security Economics to talk about why tax matters, his advice on how to use the tax code to drive industrial policy, and whether the tax code actually sends manufacturing offshore.

No discussion of tax policy would be complete without talking about President Trump's favorite taxes, tariffs, as well as his new export taxes on computer chip sales to China. (Itai's historical analogy is both interesting and very funny).

It is an interesting episode. And as a bonus, the last question is free personal tax advice for podcast listeners.