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Tariffs
China
Trade War
Economic Security
Sanctions
US Tariffs
European Union
Economic Warfare
International Emergency Economic Powers Act
Fentanyl
Russia
Semiconductors
U.s.-China Relations
Transatlantic Trade Relationship
AI Diffusion Rule
Iran
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National Security
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USMCA

“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 episod... more

PublishesTwice monthlyEpisodes57Founded2 years ago
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Artwork for Derisky Business

Latest Episodes

In a live conversation at CNAS, Emily unpacks a new CNAS report exploring how the private sector can advance economic security cooperation between the U.S. and South Korea. She's joined by Tami Overby, Partner at DGA; James Kim, Director of the Stims... more

Sara Schuman joins Emily to debrief on the Trump-Xi summit. She explains why it's OK to have a summit that is light on deliverables, describes how China is viewing its relative strength in the relationship, and outlines what she's looking for in the ... more

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 expandi... more

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 pr... more

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 ... more

María Pagán joins Emily and Geoff for a wide-ranging discussion on the past, present, and future of U.S. trade law and policy. They assess what’s working (and what’s not) at the WTO, the path forward for the Trump administration’s tariff strategy, an... more

Paul Scharre joins Emily and Geoff to talk about how commercial markets for AI might evolve and how different market outcomes may mean different types of risks for U.S. national security interests. They also get into the ongoing dispute between the P... more

In a blow to the Trump administration's trade policy, the Supreme Court ruled that the president cannot use the International Emergency Economic Powers Act (IEEPA) as a legal basis to impose tariffs. The Trump administration has relied on IEEPA tarif... more

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Recent Guests

Eleanor Hume
Co-author of Invested Allies Report; CNAS researcher
Center for a New American Security
Episode: How the Private Sector Can Boost U.S.-South Korea Economic Security Cooperation (LIVE)
Tami Overby
Partner at DGA Group Government Relations
DGA Group
Episode: How the Private Sector Can Boost U.S.-South Korea Economic Security Cooperation (LIVE)
James Kim
Director of the Korea Program at the Henry L. Stimson Center; lecturer at Columbia SIPA
Stimson Center; Columbia University
Episode: How the Private Sector Can Boost U.S.-South Korea Economic Security Cooperation (LIVE)
Geoff Gertz
Co-author of Invested Allies Report; CNAS researcher (absent in this event)
Center for a New American Security
Episode: How the Private Sector Can Boost U.S.-South Korea Economic Security Cooperation (LIVE)
Sara Schuman
Analyst on US-China relations, adjunct senior fellow at CNAS, managing director at Beacon Global Strategies
Beacon Global Strategies / CNAS
Episode: Stability without Deterrence Doesn't Work, with Sara Schuman
Chris Pilkerton
Assistant Secretary of the Treasury for Investment Security
U.S. Department of the Treasury
Episode: Assistant Secretary Chris Pilkerton on America's Approach to Investment Security
Rachel Ziemba
Adjunct senior fellow with CNAS Energy, Economics & Security Program; expert on global energy markets and geopolitics
Center for a New American Security (CNAS)
Episode: The Long Tail of the Hormuz Energy Crisis with Rachel Ziemba
Kathleen Claussen
Professor of Law at Georgetown Law
Georgetown University
Episode: Derisky Business LIVE: One Year Since the "Liberation Day" Tariffs
Laura Silver
Associate Director at Pew Research Center
Pew Research Center
Episode: Derisky Business LIVE: One Year Since the "Liberation Day" Tariffs

Hosts

Emily Kilcrease
Co-host and expert in economic security issues, focusing on national security implications of economic policies.
Geoff Gertz
Co-host with expertise in trade and economic policy, engaging in discussions on export controls and tariffs.

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Talking Points

Recent interactions between the hosts and their guests.

Moving On From Free Trade with Mark DiPlacido
Q: What do you see as the future role of the WTO, given these evolving dynamics?
The WTO is unlikely to address the next generation of geopolitical trade questions; bilateral and regional arrangements like USMCA will likely take the lead in shaping policy, while the WTO provides data and monitoring usefulness but not decisive reform authority.
Moving On From Free Trade with Mark DiPlacido
Q: Could you talk us a little bit about why MFN originally mattered and what the problems with it look like today?
MFN was designed to prevent tariff discrimination, but over time it evolved into a political tool that may hinder needed safeguards against non-market interventions; the host and guest discuss evolving it to accommodate new geopolitics and supply chain realities.
Moving On From Free Trade with Mark DiPlacido
Q: Not going to cover all of it in the time we have here today. But maybe what are the kind of two or three big ideas you want readers to take away?
The big ideas are that the free-trade paradigm evolved with important assumptions that changed over time, balance and resilience matter for national security, and that MFN and WTO dynamics are shifting toward a more balanced, less universal, approach with emphasis on regional arrangements like USMCA and targeted protections in non-market economies such as China.
What's an Economic Security Agreement and Why Does the U.S. Need Them? With Peter Harrell
Q: What historical models inform this approach?
Historically, anti-corruption provisions in trade deals and CoCom-era coordination on export controls offer precedent for domestic law commitments and cross-border cooperation to reduce security vulnerabilities in trade.
What's an Economic Security Agreement and Why Does the U.S. Need Them? With Peter Harrell
Q: How could a trade agreement embed investment screening and export controls?
By having countries adopt strong domestic regimes for investment screening and export controls, together with cooperative mechanisms and mutual recognition or fast-track provisions to ease allied trade.

Audience Metrics

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Frequently Asked Questions About Derisky Business

What is Derisky Business about and what kind of topics does it cover?

Exploring the intricate relationship between economic security and foreign policy, this podcast tackles a range of high-stakes topics such as tariffs, trade wars, and export controls. The discussions often revolve around the U.S.'s role in global economic leadership, particularly in the face of geopolitical challenges. The hosts engage with guests who are prominent figures in policy and economic security, bringing expert insights and analyses on how policy decisions affect not only the U.S. economy but also its international relationships. Informative and often peppered with light-hearted exchanges, the episodes encourage listeners to understand the complexities of contemporary economic issues in an accessible manner.

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Which podcasts are similar to Derisky Business?

These podcasts share a similar audience with Derisky Business:

1. The Trade Guys
2. Brussels Sprouts
3. ChinaTalk
4. Trade Talks
5. The Asia Chessboard

How many episodes of Derisky Business are there?

Derisky Business launched 2 years ago and published 57 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Derisky Business?

Recent guests on Derisky Business include:

1. Eleanor Hume
2. Tami Overby
3. James Kim
4. Geoff Gertz
5. Sara Schuman
6. Chris Pilkerton
7. Rachel Ziemba
8. Kathleen Claussen

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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