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Derisky Business

Derisky Business

Written by: Center for a New American Security
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“Derisky Business” is a show that explores economic security issues within the broader national security and foreign policy landscape. Hosts Emily Kilcrease and Geoffrey Gertz dive into the weeds on issues like export controls, tariffs, and trade, linking these issues to broader debates on how to advance U.S. global economic leadership during times of geopolitical turbulence. Listen for new episodes bi-weekly, and check out other podcasts from the Center for a New American Security at cnas.org/connect/podcasts. This podcast is supported in part by Amazon and by general support to the CNAS Energy, Economics & Security Program.Copyright 2024 All rights reserved. Economics
Episodes
  • Assistant Secretary Chris Pilkerton on America's Approach to Investment Security
    Apr 30 2026

    Earlier this week, Emily hosted Assistant Secretary of the Treasury for Investment Security Chris Pilkerton for a live discussion at CNAS.

    Investment security has emerged as a central pillar of U.S. national security and foreign policy, with expanding sets of U.S. and partner government policies addressing the national security implications of certain investment flows. The discussion will explore the administration’s perspectives on investment security and its ongoing efforts to both strengthen and streamline investment security programs, as well as how investment security fits into broader U.S. work to manage intensifying geopolitical competition.

    You can watch the full event here.

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    47 mins
  • The Long Tail of the Hormuz Energy Crisis with Rachel Ziemba
    Apr 9 2026

    Emily is joined by Rachel Ziemba, CNAS adjunct senior fellow and energy markets expert, to unpack the ongoing energy crisis resulting from the U.S.-Iran military conflict and the closure of the Strait of Hormuz. They delve into why stabilizing oil prices will be easier said than done and what the current crisis has demonstrated about the effectiveness of U.S. economic pressure. Emily Kilcrease, Hit It With Your Best Shot: An American Doctrine of Economic Pressure

    This episode was recorded on Tuesday, April 7, before a 2-week ceasefire was announced between the United States, Israel, and Iran.

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    53 mins
  • Derisky Business LIVE: One Year Since the "Liberation Day" Tariffs
    Apr 2 2026

    A year ago, the Trump administration unveiled an ambitious plan to reset the global trading system on a day President Donald Trump dubbed “Liberation Day,” overturning decades of precedent and ushering in a new era of a far more assertive U.S. trade policy. While the long-term effects of the administration’s trade strategy remain uncertain, one year of the new trade approach has fundamentally shifted how America talks about the legal, economic, and political dynamics of trade. ​​​​​​​This live episode was hosted by CNAS experts Emily Kilcrease and Geoffrey Gertz and features Kathleen Claussen, professor of law at Georgetown Law; Laura Silver, associate director at the Pew Research Center; and Chris Kennedy, adjunct senior fellow at CNAS. The discussion assessed the legal ramifications of the administration’s trade approach, highlighted new polling data from Pew Research on American views on U.S. trade policy, and examined why the economic impacts of the tariffs have not been as severe as initially projected.

    Watch the event and find the fun graphs from Pew Research here.

    USTR, Liberation Day One Year Later: Protecting American Jobs and Delivering Greater Market Access for American Farmers, Ranchers, and Manufacturers CNAS Insights, A Year After Liberation Day, Can Trump’s Trade Wars Be Salvaged?

    Pew Research, How Americans View Trump’s Handling of Trade and Tariffs

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    1 hr and 2 mins
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