Podcasts about International trade

Major cities report sharp increases in departure tax refund transactions各大城市离境退税业务量大幅增长Chinese-made drones, smartphones, action cameras and designer toys are increasingly replacing tea, porcelain and panda-themed gifts on foreign tourists' shopping lists in China, as they increasingly seek innovative, higher-value products offering strong value for money, advanced features and models often unavailable abroad, according to customs authorities across the country.全国海关表示，外国游客在华购物清单中，国产无人机、智能手机、运动相机、潮流玩具正逐步取代茶叶、瓷器、熊猫周边礼品。如今他们更青睐创意足、附加值高的商品，这类产品性价比出众、功能先进，且很多款式在海外难以买到。Bolstered by the "Shopping in China" campaign and the growing popularity of the "China Travel" trend, customs authorities in major cities have reported sharp increases in departure tax refund transactions during the first five months, and expect the momentum to continue throughout the year.依托“购在中国”活动以及“中国游”热度持续攀升，各大城市海关数据显示，今年前五个月离境退税业务量大幅上涨，业内预计这一势头将贯穿全年。Customs officials at Nanjing Lukou International Airport in Jiangsu province verified 1,171 departure tax refund applications during the January-May period, covering tax-refundable goods worth 26.67 million yuan ($3.94 million), up 173.6 percent and 32.42 percent year-on-year, respectively, said Nanjing Customs.南京海关介绍，今年1至5月，江苏南京禄口国际机场海关共审核通过1171笔离境退税申请，退税商品总值达2667万元人民币（折合394万美元），同比分别增长173.6%和32.42%。Zhang Qian, a customs official at the airport, said that as departure tax refund transactions continue to rise, new trends are emerging in shopping preferences of foreign visitors.该机场海关工作人员张茜表示，随着离境退税业务不断增多，外国游客的购物偏好也出现了新趋势。"Chinese-made smart electronic products and trendy domestic cultural and creative goods have become increasingly popular among foreign travelers, attracting growing interest with their quality, innovation and distinctive Chinese appeal," said Zhang.她说道：“国产智能电子产品、新潮文创商品深受外国游客喜爱，凭借优良品质、创新设计和浓郁的中国特色收获了越来越多关注。”Hong Yang, another customs official at Ningbo Customs' airport branch in Zhejiang province shared similar views.浙江宁波海关机场办事处工作人员洪洋也持相同看法。"Fashion apparel, beauty products and premium lifestyle goods are also gaining traction among foreign travelers departing from Ningbo," she said.她表示：“时装、美妆产品以及高端生活日用品，也越来越受到从宁波离境的外国游客青睐。”Guan Lixin, a researcher specializing in marketing and consumption at the Chinese Academy of International Trade and Economic Cooperation in Beijing, said the shift in foreign visitors' purchasing patterns reflects how Chinese brands are moving up the value chain and gaining recognition among consumers worldwide. Many products also offer better value and a wider selection of models than those available overseas.北京商务部国际贸易经济合作研究院流通与消费研究所的研究员关利欣认为，外国游客消费偏好的转变，体现出中国品牌正迈向价值链高端，获得全球消费者认可。不少国产商品性价比更高，款式选择也比海外市场更丰富。Guan said the trend also highlights the growing appeal of shopping as part of the travel experience in China, with foreign visitors seeking unique products that combine practical value, cultural elements and memorable experiences.关利欣称，这一趋势也说明，购物已成为中国旅行体验中极具吸引力的一环，外国游客偏爱兼具实用性、文化特色且能留下美好回忆的特色商品。To further enhance the shopping experience for foreign visitors, the Shanghai municipal government recently rolled out a new departure tax refund program, introducing new measures such as upgraded end-to-end digital tax refund services and improved digital verification services at ports of departure.为进一步优化外国游客购物体验，上海市政府近期推出全新离境退税方案，升级全流程线上退税服务，并完善口岸线上核验等多项举措。Shanghai Customs processed 201,000 departure tax refund verification forms between January and May, with refund-eligible purchases totaling 1.92 billion yuan, up 300 percent and 62 percent year-on-year, respectively, underscoring the growing popularity of tax-free shopping among foreign visitors.今年1至5月，上海海关共审核20.1万份离境退税单据，退税消费总额达19.2亿元人民币，同比分别增长300%和62%，足以体现免税购物在外国游客中愈发受欢迎。In the Chinese capital, Beijing Customs verified 87,906 departure tax refund applications during the first five months, involving refund-eligible purchases worth 758 million yuan, up 612.42 percent and 53.13 percent year-on-year, respectively.首都北京方面，北京海关前五个月共审核通过87906笔离境退税申请，退税商品总额7.58亿元人民币，同比分别上涨612.42%和53.13%。In a further move to encourage spending by international travelers, the Ministry of Commerce and several other government departments unveiled a new departure tax refund program in May aimed at optimizing departure tax refund services and expanding inbound consumption.为进一步提振境外游客消费，商务部等多部门于5月发布全新离境退税相关方案，旨在优化退税服务、扩大入境消费规模。The policy package includes broader coverage of departure tax refund stores, paperless processing, enhanced refund-upon-purchase services and more efficient verification procedures.该系列政策包括扩大退税商店覆盖范围、推行无纸化办理、优化即买即退服务以及简化核验流程。The measures will make refund-upon-purchase services more convenient by enabling travelers to complete tax refund procedures at any eligible port of departure, said Yang Mu, director of the department of market operation and consumption promotion at the Ministry of Commerce.商务部市场运行和消费促进司司长杨沐表示，新规允许游客在任意合规离境口岸办理退税，将大幅提升即买即退服务的便捷度。transaction /trænˈzækʃn/交易；业务办理momentum /məˈmentəm/势头；发展趋势verification /ˌverɪfɪˈkeɪʃn/核验；审核premium /ˈpriːmiəm/高端的；优质的underscore /ˌʌndəˈskɔː(r)/强调；凸显unveil /ʌnˈveɪl/公布；推出（政策、方案）

The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail, and Anthropic.Greetings, you curiouser and curiouser Herle Burly-ites! It's been a year of economic anxiety and trade upheaval in Canada with our largest trading partner applying tariffs, making threats, and taking a far more adversarial stance, in advance of the upcoming CUSMA negotiation.We're experiencing an economy with a very low growth rate, an affordability crisis, and industry disruption in steel, autos, and aluminum.I was particularly curious to get a fulsome and thoughtful Conservative take on the Carney approach, so we're joined by Adam Chambers, Conservative MP and Trade Critic, and Vice-Chair of the House Standing Committee on International Trade. Adam acknowledged the realities of dealing with a difficult American government, but that a deal that could advantage the Canadian economy might still be possible. We discuss his view that Canada's fiscal position is a reckless one that puts the country in long-term jeopardy, and much more.Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, or your favourite podcast app.Watch episodes of The Herle Burly via Air Quotes Media on YouTube.The sponsored ads contained in the podcast are the expressed views of the sponsor and not those of the publisher.

China has unveiled new regulations on outbound investment to push ahead high-level opening-up while safeguarding national security and interests. Why has China introduced the rules at this particular moment? What do they mean for Chinese companies expanding overseas and for their international partners? And how can China balance opening-up and security? Host Dou Hongyu is joined by Adjunct Professor Warwick Powell at Queensland University of Technology; Assistant Professor Wang Yaojing with the School of Economics, Peking University; Senior Research Fellow Zhou Mi with the Chinese Academy of International Trade and Economic Cooperation, to answer these questions.

Host: Cindy Allen Published: May 29, 2026 Length: ~12 minutes Presented by: Global Training Center Summary In this week's episode of Simply Trade: Cindy's Version, Cindy Allen breaks down one of the most intense stretches yet for the trade community as courts, CBP, and USTR continue reshaping the compliance landscape in real time. Major developments continue around IEEPA litigation, reconciliation filings, CAPE processing issues, and ongoing court scrutiny over liquidated entries and duty refunds. Meanwhile, USMCA renegotiation discussions are beginning to signal potentially significant changes to country of origin requirements, component tracing, and automotive sourcing rules. Inspired by New Romantics, Cindy reflects on the resilience of the trade community through nonstop operational and regulatory change. From brokers and compliance teams to importers and supply chain leaders, the industry continues adapting despite constant disruption. This Week in Trade • The United States Court of International Trade declined to stay its order regarding Section 122 tariff collection while appeals continue • CBP filed guidance related to reconciliation entries and IEEPA duty handling for underlying entries and 09 reconciliation filings • The court ordered the CBP Commissioner to appear at an upcoming June 9 hearing regarding liquidated entries and IEEPA duty resolution • CAPE processing continues moving forward, though brokers and importers are still facing ACE-related filing complications and edit check issues • Office of the United States Trade Representative continues active USMCA renegotiation discussions focused on automotive content, country of origin tracing, and supply chain transparency Main Topic / Discussion This episode focuses heavily on the mounting operational pressure facing the trade community as regulatory, judicial, and enforcement developments continue accelerating simultaneously. Cindy explains that reconciliation filers may soon face difficult timing decisions around underlying entries and 09 filings, especially as CBP and the courts work through how IEEPA duties should ultimately be handled. The upcoming court hearing involving the CBP Commissioner signals that the judiciary is taking a more active role in resolving outstanding liquidation and refund concerns. On the operational side, CAPE continues functioning, but many brokers are encountering filing complications tied to duty stacking logic, tariff line placement, and legacy filing methods that predated clearer CBP guidance and ACE edit checks. The episode also explores how USMCA negotiations are evolving beyond traditional tariff shift and regional value content calculations toward more aggressive component-level tracing and sourcing visibility requirements—particularly targeting concerns over Chinese components entering through Mexico. Key Takeaways • IEEPA litigation and reconciliation guidance continue evolving rapidly • The June 9 court hearing could significantly impact duty refund handling and liquidated entries • CAPE is operational, but ACE and filing correction challenges remain significant • CBP help desk delays are creating operational strain across the trade community • USMCA renegotiation discussions may fundamentally change future country of origin compliance requirements • Trade professionals continue adapting despite relentless regulatory change Resources & Mentions • Global Training Center • Trade Force Multiplier Credits Host: • Cindy Allen – LinkedIn Producer: • Lalo Solorzano – LinkedIn

Chad Brown, Senior Fellow at the Peterson Institute, discusses his new book, "How to Win a Trade War" with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.

International trade continues to play a major role in the U.S. beef industry, impacting both cattle and beef markets through imports and exports. Nebraska Extension Ag Policy Specialist Brad Lubben says opportunities for growth remain, with potential to expand access and demand in markets like China, Japan, and other countries.

Chinese consumer brands are rapidly expanding across Southeast Asia, moving beyond electronics and electric vehicles into sectors such as beauty, food service and home appliances, according to a report by Euromonitor International.市场研究机构欧睿国际的一份报告显示，中国消费品牌正在东南亚迅速扩张，其业务已从电子产品和电动汽车拓展至美妆、餐饮和家用电器等领域。Its “Rise of Chinese Brands in Southeast Asia” report found that the ASEAN economies of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam account for 95 percent of the region‘s $4 trillion GDP. The region has become the largest and fastest-growing export destination for Chinese goods.该机构发布的《中国品牌在东南亚的崛起》报告指出，在东南亚地区4万亿美元的经济总量中，印度尼西亚、马来西亚、菲律宾、新加坡、泰国和越南这六个东盟经济体合计占95%。该地区已成为中国商品最大且增长最快的出口目的地。In 2024, China's exports to Southeast Asia reached $587 billion, up 12 percent year-on-year. More than 70 percent of Chinese companies operating in ASEAN plan further expansion, citing strong performance and untapped consumer demand, said the China Council for the Promotion of International Trade.据中国国际贸易促进委员会数据，2024年中国对东南亚出口额达到5870亿美元，同比增长12%。超过70%在东盟经营的中国企业表示将进一步扩大业务，这得益于其强劲的业绩表现以及尚未充分开发的消费市场。With a population exceeding 650 million, 63 percent under 40 and a median age of 31, Southeast Asia‘s consumer market is thriving. This demographic fuels demand for e-commerce, livestreaming shopping, fintech solutions and affordable premium products.东南亚人口超过6.5亿，其中63%在40岁以下，中位年龄为31岁，消费市场充满活力。这一人口结构推动了对电子商务、直播购物、金融科技解决方案以及高性价比优质产品的充分需求。Countries like Vietnam and Indonesia are outpacing China in GDP growth, offering Chinese brands a rapidly expanding consumer base with rising disposable incomes and accelerating urbanization, said the report.报告称，越南、印度尼西亚等国的经济增速已领先中国，这为中国品牌提供了一个蓬勃发展的消费市场——那里的居民收入不断增长，城市化步伐也在加快。Chinese companies have long dominated sectors such as EVs, consumer electronics and home appliances. In EVs, BYD is now the top brand in most Southeast Asian markets and the number-one car brand in Singapore, surpassing Toyota. In home appliances, Chinese brands‘ share of the air conditioner market rose from 9 percent in 2015 to 25 percent in 2024. Haier, Midea and Gree have become household names. In smartphones, Chinese brands' market share has increased from 21 percent in 2014 to over 60 percent today.长期以来，中国企业在电动汽车、消费电子产品和家用电器等领域占据主导地位。在电动汽车领域，比亚迪现已成为大多数东南亚市场的头号品牌，并在新加坡超越丰田成为第一大汽车品牌。在家电领域，中国品牌在空调市场的份额从2015年的9%上升至2024年的25%。海尔、美的和格力已成为家喻户晓的名字。在智能手机领域，中国品牌的市场份额已从2014年的21%提升至如今的60%以上。Now, Chinese companies are breaking into sectors once considered difficult for foreign entrants. In beauty and personal care, mass-market skincare brands achieved a 115 percent compound annual growth rate (CAGR) from 2019 to 2024. In the consumer food and beverage sector, chains such as Mixue, Luckin Coffee and Chagee are expanding aggressively. Mixue outlets grew 80 percent between 2019 and 2024, and by April 2026, Mixue had 4,153 overseas stores, while Chagee reached 262, said the China Chain Store and Franchise Association.如今，中国企业正挺进昔日外资难以进入的领域。美妆个护方面，大众护肤品品牌2019—2024年复合年增长率高达115%。餐饮消费方面，蜜雪冰城、瑞幸咖啡、霸王茶姬等品牌正加速扩张。中国连锁经营协会数据显示，2019至2024年，蜜雪冰城门店增长80%，截至2026年4月，其海外门店达4153家，霸王茶姬海外门店达262家。Nathanael Lim, APAC insight manager for beverages at Euromonitor International, said: “Chinese coffee and tea chains maintain consumer interest through relentless product innovation, often unveiling new menu items monthly. Significant investment in research and development and direct ingredient sourcing allows them to craft unique flavors that resonate with local palates.”欧睿国际亚太地区饮料行业洞察经理纳撒尼尔·林（音译）表示：“中国咖啡和茶饮连锁品牌通过不断的产品创新来维持消费者的兴趣，每月都会推出新品菜单。对研发和原材料直接采购的大量投入，使他们能够打造出与当地口味产生共鸣的独特风味。”Partnerships with local players are also central to expansion. In January, Eastroc Beverage signed a cooperation agreement with Indonesia‘s Salim Group to establish a joint venture, with investments of up to $200 million. Since 2021, Eastroc has exported products to 30 countries and regions.与当地企业建立合作伙伴关系对扩张同样至关重要。今年1月，东鹏饮料与印尼三林集团签署合作协议，共同成立合资公司，投资额高达2亿美元。自2021年以来，东鹏饮料已向30个国家和地区出口产品。Euromonitor said deep localization is key to Chinese brands' success, surpassing mere price competition. Many beauty and F&B companies register as local entities, adapt products for tropical climates and employ local teams for livestreaming and marketing activities.欧睿国际表示，深度本土化是中国品牌取得成功的关键，其重要性超越了单纯的价格竞争。许多美妆和餐饮企业在当地注册为本土实体，针对热带气候调整产品，并聘请本地团队从事直播带货和营销活动。“To move beyond transactional entry points, Chinese companies must transition from exporters to long-term ecosystem participants. Embedding within local value chains, adapting to cultural and economic contexts, and cultivating trust — through local manufacturing, customer service and community engagement — will be essential to sustaining growth,” the report said.报告指出：“为了超越交易性进入方式，中国企业必须从出口商转型为长期的生态系统参与者。通过本地制造、客户服务和社区参与等方式，融入当地价值链、适应文化与经济环境并建立信任，对于实现持续增长至关重要。”Euromonitor International /ˌjʊərəʊˈmɒnɪtər ˌɪntəˈnæʃənəl/欧睿国际untapped /ʌnˈtæpt/未开发的，未利用的fintech /ˈfɪntek/金融科技affordable premium products /əˈfɔːdəbəl ˈpriːmiəm ˈprɒdʌkts/高性价比优质产品disposable income /dɪˈspəʊzəbəl ˈɪnkʌm/可支配收入unveil /ʌnˈveɪl/推出，公布partnership /ˈpɑːtnəʃɪp/合作伙伴关系

This week, Scott sat down with co-host emeritus Benjamin Wittes and Brookings Senior Fellow Kari Heerman to talk through the week's big news in national security, including:“With Friends Like Xi.” This past week, top U.S. officials and business CEOs traveled with President Trump to Beijing for his summit with Chinese President Xi Jinping. The summit had a warm air to it, with Trump going so far as to call Xi his “friend,” a far cry from his hawkish stance toward China during the campaign and his prior administration. But Trump left having made relatively few concrete deals on the host of issues dividing the U.S. and China. Did Trump miss an opportunity here? Or is the seeming thaw in relations a positive sign for future cooperation?“Dirty Dancing: Havana Fights.” Cuba ran out of oil last week, but the Trump administration's pressure campaign against the island nation 90 miles off the coast of Florida has only intensified. On Monday, the U.S. announced new sanctions on three Cuban government agencies and 11 top officials amidst reports that the Department of Justice may seek an indictment against Raúl Castro, the 94-year-old brother of Fidel Castro and former president of Cuba. And surveillance flights over the island nation have reportedly increased in advance of an expected military build-up in coming weeks. How seriously should we take Trump's threats to pursue regime change in yet another country after Iran and Venezuela? And how long can Cuba hang on with its economic situation becoming more dire?“I've Got 122 Problems, and a Tariff is One.” On May 7, the U.S. Court of International Trade struck down yet another round of Trump tariffs—this time, the across-the-board 10% Section 122 tariffs that President Trump had imposed after the Supreme Court invalidated the earlier tariffs he'd issued under the International Emergency Economic Powers Act. Specifically, the Court of International Trade ruled that the administration cannot meet the statutory requirements for using Section 122, though its ruling has since been stayed by the Federal Circuit pending appeal. Is this decision likely to stick? With another legal defeat, what options does the administration have left to follow through on Trump's trade policy?In object lessons, Ben appeases the AI overlords with a glowing review of his latest experiments with Claude. Scott appeases his inner middle-aged man with a reprised recommendation of A Man on the Inside. And Kari fears that Americans are far from appeasing friends and allies in other democratic countries.To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/lawfare-institute.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.

This week, Scott sat down with co-host emeritus Benjamin Wittes and Brookings Senior Fellow Kari Heerman to talk through the week's big news in national security, including:“With Friends Like Xi.” This past week, top U.S. officials and business CEOs traveled with President Trump to Beijing for his summit with Chinese President Xi Jinping. The summit had a warm air to it, with Trump going so far as to call Xi his “friend,” a far cry from his hawkish stance toward China during the campaign and his prior administration. But Trump left having made relatively few concrete deals on the host of issues dividing the U.S. and China. Did Trump miss an opportunity here? Or is the seeming thaw in relations a positive sign for future cooperation?“Dirty Dancing: Havana Fights.” Cuba ran out of oil last week, but the Trump administration's pressure campaign against the island nation 90 miles off the coast of Florida has only intensified. On Monday, the U.S. announced new sanctions on three Cuban government agencies and 11 top officials amidst reports that the Department of Justice may seek an indictment against Raúl Castro, the 94-year-old brother of Fidel Castro and former president of Cuba. And surveillance flights over the island nation have reportedly increased in advance of an expected military build-up in coming weeks. How seriously should we take Trump's threats to pursue regime change in yet another country after Iran and Venezuela? And how long can Cuba hang on with its economic situation becoming more dire?“I've Got 122 Problems, and a Tariff is One.” On May 7, the U.S. Court of International Trade struck down yet another round of Trump tariffs—this time, the across-the-board 10% Section 122 tariffs that President Trump had imposed after the Supreme Court invalidated the earlier tariffs he'd issued under the International Emergency Economic Powers Act. Specifically, the Court of International Trade ruled that the administration cannot meet the statutory requirements for using Section 122, though its ruling has since been stayed by the Federal Circuit pending appeal. Is this decision likely to stick? With another legal defeat, what options does the administration have left to follow through on Trump's trade policy?In object lessons, Ben appeases the AI overlords with a glowing review of his latest experiments with Claude. Scott appeases his inner middle-aged man with a reprised recommendation of A Man on the Inside. And Kari fears that Americans are far from appeasing friends and allies in other democratic countries.To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/lawfare-institute. Hosted on Acast. See acast.com/privacy for more information.

In 1993, the World Bank published a report on a remarkable development story.East Asia's post-war growth — Japan, South Korea, Taiwan, Hong Kong and their neighbours — had lifted millions out of poverty in a generation. The report documented the influence of export subsidies, state-directed credit, land reform, and government-business dialogue. But the bank, constrained by the Washington Consensus of the time, underplayed the industrial policies that were at the heart of this miracle.Nancy Birdsall was head of the department that produced the report. In this week's VoxDev Talk, she looks back, talking to Tim Phillips about whether this stance affected policy in other developing countries.Birdsall tells Tim Phillips how the report came to exist at all — financed by the Japanese government as a deliberate strategy to expose the bank's economists to a success story their prevailing framework couldn't explain. With industrial policy back at the centre of economic debate, Birdsall's new article in the Journal of Economic Perspectives asks whether the bank missed its moment to embed those lessons into its operational work. The research behind this episode:Birdsall, Nancy. 2025. "The World Bank's East Asian Miracle: Too Much a Product of Its Time?" Journal of Economic Perspectives 39(4): 127–48. A free download is available at the Center for Global Development.To cite this episode:Phillips, Tim, and Nancy Birdsall. 2026. "The World Bank's East Asian Miracle." VoxDev Talk (podcast). [Episode URL].Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About Nancy BirdsallNancy Birdsall is president emerita of the Center for Global Development, which she co-founded in 2001. She was previously executive vice president of the Inter-American Development Bank and, before that, director of the Policy Research Department at the World Bank, where she oversaw the department responsible for the East Asian Miracle report. Her research spans development finance, inequality, economic growth and the role of multilateral institutions in the global economy.Research cited in this episodeThe East Asian Miracle (World Bank, 1993). A 400-page study of the economic performance of eight high-performing Asian economies — Japan, South Korea, Taiwan, Hong Kong, Singapore, Indonesia, Malaysia and Thailand — covering the period 1965 to 1990. Commissioned with Japanese government funding, the report documented both market fundamentals and a range of active state policies; its handling of industrial policy was carefully hedged to remain within the bounds of what the bank's dominant Washington Consensus framework could accept. The full report is available from the World Bank Open Knowledge Repository.The Washington Consensus. A term coined by economist John Williamson in 1989 to describe the package of macroeconomic and structural reforms — fiscal discipline, trade liberalisation, privatisation, deregulation and market-determined prices — that the IMF, World Bank and US Treasury broadly promoted as the framework for development in the late 1980s and 1990s. The consensus was dominant inside the bank during the period the East Asian Miracle report was written; countries following activist state policies did not fit its categories easily.MITI (Japan's Ministry of International Trade and Industry). The Japanese government body responsible for coordinating industrial and trade policy during Japan's post-war growth period, including the direction of credit, protection of infant industries and promotion of heavy manufacturing exports. MITI was widely known inside the bank, but its role in Japan's development was not systematically studied or incorporated into the bank's policy advice until the East Asian Miracle report. It was abolished and reorganised as the Ministry of Economy, Trade and Industry (METI) in 2001.Performance-based credit subsidies. A mechanism used across several East Asian economies in which exporters could access subsidised credit conditional on demonstrating actual export orders. The conditionality — credit only if you are already performing — was central to why the policy worked: it rewarded productive firms and withdrew support from those that failed to deliver. The East Asian Miracle report described this approach in detail without classifying it as industrial policy.Japan's postal savings system. A government-run savings scheme that channelled household deposits through post offices into state-directed investment, providing below-market returns to savers while funding subsidised credit to targeted sectors. Birdsall notes it as a mechanism worth studying for developing countries seeking to finance industrial support without relying on private capital markets.Indonesia and the airplane sector. The Indonesian government under Suharto sought to develop a domestic aerospace industry, with state subsidies to Industri Pesawat Terbang Nusantara (IPTN). The World Bank's East Asia regional department, which managed the bank's lending relationship with Indonesia, was concerned that the East Asian Miracle report might be read as endorsing this approach. Their pressure to limit the report's treatment of industrial policy is the episode's opening anecdote — and the source of what is possibly the best line in the show.IDB report on public-private dialogue in Latin America. Birdsall references work by the Inter-American Development Bank on the conditions under which structured dialogue between government bureaucrats and private-sector firms can support industrial policy; she notes that access at the highest levels of government — including the president — appears to be a factor in whether such dialogues produce results. More VoxDev Talks on this topicIndustrial policy for economic development, Dani Rodrik on the evidence for active state roles in directing investment and exports, and the institutional prerequisites for making them work.The future of the World Bank: Why knowledge is power, Penny Goldberg on the bank's role as a producer and broker of development knowledge, and how that function has evolved since the Washington Consensus era.Related reading on VoxDevModern industrial policy: The Asian miracles' blueprint, a VoxDev Talk examining how the principles behind East Asian industrial success — performance conditionality, export orientation, technology learning — can be translated into policy frameworks for today's developing economies.Where are we in the economics of industrial policies?, what three decades of research have established about when and why industrial policy works, and what conditions determine whether government intervention helps or hinders.Implementing industrial policy effectively: Lessons from shipbuilding in China, how policy design and performance conditionality determine whether sector-level support produces lasting productivity gains — the same question at the heart of the East Asian Miracle debate.

This is a free preview of a paid episode. To hear more, visit www.serioustrouble.showThe lurid JP Morgan sex case has gotten more interesting: apparently, the bank offered a $1 million settlement to the banker who wanted an eight-figure settlement related to the lurid sex-harassment allegations he has made against a senior colleague. Something is weird here. Also this week:The Justice Department wants to stand in as the defendant in the case where E. Jean Carroll won a large judgment for comments Donald Trump made about her during his first presidential term, which would defeat her claim, since the government cannot be liable for defamation, the DOJ is also suing the DC Bar to stop professional discipline for Jeffrey ‘Oil Spill' Clark, and no, U.S. Attorney Jeanine Pirro does not need to recuse herself from Cole Allen's case merely because she was present at the White House Correspondents' Dinner.That's for all listeners this week. Upgrade to hear about much more:* Another Trump tariff effort gets struck down because the Court of International Trade decided to actually form a view on what constitutes a balance-of-payments crisis.* ABC fighting back against the Federal Communications Commission, urged on by the commission's lone Democratic member (and Ken explains why they're even bothering to fight at the agency level before going to court.)* The fight over the Lincoln Memorial reflecting pool, or “more aesthetic standing bullshit,” as Ken's notes describe it.* Richard Murdaugh's remarkable win in court (for now).* A silly lawsuit against Matt Damon, and* A misdo charge for Clav, who says he was merely following the guidance of a licensed airboat captain when he shot a (possibly already dead) alligator.

Former Under Secretary of Commerce for International Trade, Stefan Selig, breaks down the President's China trip and why both countries could come out winners, despite a lack of deal announcements. Then following the blockbuster IPO for chipmaker Cerebras, what should investors expect for the next tranche of IPOs waiting in the wings. Plus, the CEO of Axon, maker of tasers, body cams and drones on how AI is impact the industry. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Part 2: Patricia and Christian continue the conversation with economist and author Dr Phil Armstrong about his recent paper, "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis".   Full conversation here: https://www.patreon.com/posts/155949704?pr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Relevant to this episode: "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis" by Dr Phil Armstrong: https://gimms.org.uk/2026/04/10/modern-monetary-theory-and-international-trade-developments-on-the-base-case-for-analysis/ "A Counterinflationary Job Guarantee For The United Kingdom", by Patricia Pino, Phil Armstrong and Steve Laughton: https://mmtuk.org/research/job-guarantee/ Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENTS! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/157834250?pr=true

A currency becomes “internationalized” when it is widely used beyond its home economy for trade, financial transactions, and as a store of value. Achieving that status can lower transaction costs and exchange rate risks, while also enhancing the issuing country's geopolitical influence. Today, the global financial system remains overwhelmingly dollar-centric, with China's renminbi playing a comparatively modest role. Yet over the past decade, Beijing has taken steps to expand its global use, expanding offshore renminbi markets, establishing bilateral swap lines, and developing alternative payment infrastructure.  To help us unpack where China's renminbi internationalization efforts stand today, we are joined by Zongyuan Zoe Liu, a senior fellow at the Council on Foreign Relations. Zoe's research centers on international political economy and global financial markets, with a focus on China and East Asia, as well as the Middle East. She is the author of Can BRICS De-dollarize the Global Financial System? and Sovereign Funds: How the Communist Party of China Finances Global Ambitions.   Timestamps:  [00:00] Introduction  [01:54] Strategic Motivations for Beijing  [04:55] Progress Report on RMB Internationalization  [08:16] Main Mechanisms Used to Promote the RMB  [11:08] RMB in the Belt and Road Initiative  [13:46] Using Clean Energy Supply Chains to Promote RMB in Key Commodities  [15:57] RMB as a Reserve Currency?  [21:23] Xi's Fourth Term Goals with the RMB  [27:26] How Global Conflicts Impact RMB Internationalization 

This Day in Legal History: Christmas is Canceled in MassachusettsOn May 11, 1659, the Massachusetts Bay Colony passed a law making it illegal to celebrate Christmas. The law imposed a fine of five shillings on anyone who observed the holiday by feasting, taking the day off from work, or engaging in other forms of celebration. To modern readers, this can sound like a strange kind of anti-holiday law, but it reflected the religious and legal culture of Puritan New England. Many Puritans rejected Christmas because they believed it had no clear biblical foundation and was associated with Catholic tradition, disorderly public behavior, and old English customs they considered improper. In their view, the law was not merely about stopping a party; it was about enforcing a disciplined religious society.The colony's leaders used law as a tool to shape public morality, religious practice, and daily life. This was common in early colonial legal systems, where civil authority and religious authority were often closely connected. The Christmas ban also shows how different early American ideas of “religious liberty” could be from later constitutional understandings. Rather than protecting a broad right to celebrate or worship differently, the Massachusetts Bay Colony often used law to preserve a particular religious order. The five-shilling fine was not enormous, but it was meaningful enough to signal that Christmas observance was legally disfavored.The law remained part of a broader colonial effort to regulate conduct that officials believed threatened communal discipline. Over time, attitudes toward Christmas changed, especially as New England became more religiously diverse and less strictly Puritan. The episode stands as a reminder that American legal history includes not only the expansion of rights, but also earlier moments when law was used to suppress customs now considered ordinary.The legal industry added 2,400 jobs in April, bringing total sector employment to about 1.24 million, according to seasonally adjusted data from the U.S. Bureau of Labor Statistics. That was a rebound from a small decline in March and placed legal employment slightly above both March and February levels. Compared with the same time last year, the sector had 20,800 more jobs. The legal sector numbers include lawyers, paralegals, and other legal-related professional roles.The rebound follows a long stretch of legal industry growth that was interrupted by March's dip. Two major firms recently announced job cuts: McDermott Will & Schulte is trimming a small number of associates, while Allen Overy Shearman Sterling is reducing roles in its business services team. Across the broader U.S. economy, employers added 115,000 jobs in April, while the unemployment rate stayed at 4.3%.Legal Industry Bounces Back, Gaining 2,400 Jobs In April - Law360Virginia's Supreme Court struck down a Democratic-backed congressional map that had been designed to improve the party's chances in four Republican-held U.S. House districts. The court ruled 4-3 that Democratic lawmakers failed to follow the proper process when they moved quickly to put the redistricting plan before voters. The map had been approved by voters in an April special election, but Republicans challenged the measure, arguing that the required intervening election had not properly occurred before the second legislative approval. The court's majority agreed, emphasizing that more than 1.3 million early votes had already been cast by the time lawmakers first approved the proposed constitutional amendment.Democrats criticized the ruling as overriding the will of voters, while Republicans celebrated it as a major win ahead of the midterm elections. Virginia Democrats said they would seek emergency review from the U.S. Supreme Court. The ruling could make it harder for Democrats to regain control of the U.S. House, where Republicans hold a very narrow majority. The dispute is part of a broader national fight over mid-cycle redistricting, with both parties seeking favorable maps before the November elections. Republican-led states in the South are pursuing their own redistricting efforts after a recent U.S. Supreme Court decision weakened a key part of the Voting Rights Act. Election analyst Kyle Kondik said the Virginia ruling improves Republican odds, though broader political conditions could still affect the outcome in November.Virginia court tosses Democratic map, dealing major blow to party's midterm hopes | ReutersInstructure, the company behind the Canvas learning management platform, is facing at least seven proposed class actions after disclosing unauthorized activity in its system. Canvas is widely used by schools and universities to manage coursework, grades, assignments, and communications. Instructure first announced the incident on May 1, then later reported more unauthorized activity connected to the same breach and temporarily took Canvas offline. The company has since restored much of the platform, but its Free-for-Teacher accounts remain disabled because Instructure believes a vulnerability there may have been exploited.The lawsuits, filed in Utah and New York federal courts, accuse Instructure of failing to adequately protect personal information belonging to students, teachers, and staff. The data allegedly at risk includes names, email addresses, student ID numbers, private messages, enrolled courses, and confidential communications with teachers. The complaints say the hacking group ShinyHunters claimed to have accessed information tied to more than 275 million users.Plaintiffs argue Instructure should have used stronger safeguards, including better encryption, access controls, employee training, monitoring, and protocols for handling sensitive data. They also claim affected users now face loss of control over their information and a heightened risk of identity theft. One New York plaintiff also sued KKR, which acquired Instructure in 2024, and argued the breach was foreseeable in light of earlier major attacks on education software companies. Instructure has said it is investigating, communicating with affected customers, and strengthening protections around access, permissions, token management, monitoring, and related workflows.EdTech Platform Canvas Accused Of Lax Security After Breach - Law360The Trump administration appealed a U.S. Court of International Trade ruling that rejected its use of a 1970s trade law to impose a 10% global tariff. The court ruled 2-1 that Section 122 of the Trade Act of 1974 was not designed to address trade deficits caused by the United States importing more goods than it exports. The decision only blocked the tariffs as applied to the three plaintiffs who sued: two small businesses and the state of Washington. Even though the tariffs were temporary and set to expire in July unless Congress extended them, the ruling marked another legal setback for the administration's broader tariff agenda.The case followed a separate Supreme Court decision that invalidated earlier Trump tariffs imposed under the International Emergency Economic Powers Act. After that loss, the administration turned to Section 122 as a replacement authority for a 10% import tariff. President Trump criticized the trade court's ruling, while U.S. Trade Representative Jamieson Greer said the administration expected to win on appeal. The dispute could lead to another major fight over tariff refunds, potentially involving billions of dollars. The timing is also significant because the ruling came shortly before Trump was scheduled to meet Chinese President Xi Jinping to discuss trade tensions.The administration is separately pursuing broader tariffs under Section 301 of the Trade Act, which addresses unfair trade practices and has survived past legal challenges.Trump administration appeals latest court loss on tariffs | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

https://vimeo.com/1190929350?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/5/10/2026-05-11-the-expensive-lost-whilte-receipt-and-certified-mailing   This week we look at: Syndicated Conservation Easements and the Valuation Conundrum: An Analysis of T.C. Memo. 2026-36 Analysis of Garcia-Rojas v. Franchise Tax Board: The Limits of the Unitary Business Doctrine for Sole Proprietors An Analysis of the Reinstated Significant Issue Letter Ruling Program Under Revenue Procedure 2026-21 The "Byers Rule" and the Administrative Procedure Act Jurisdictional Time Bars and the Timely Mailing Rule: An Analysis of Dunlap v. United States Temporary Import Surcharges and Executive Authority: A Review of the Court of International Trade's Ruling

This week we look at: Syndicated Conservation Easements and the Valuation Conundrum: An Analysis of T.C. Memo. 2026-36 Analysis of Garcia-Rojas v. Franchise Tax Board: The Limits of the Unitary Business Doctrine for Sole Proprietors An Analysis of the Reinstated Significant Issue Letter Ruling Program Under Revenue Procedure 2026-21 The "Byers Rule" and the Administrative Procedure Act Jurisdictional Time Bars and the Timely Mailing Rule: An Analysis of Dunlap v. United States Temporary Import Surcharges and Executive Authority: A Review of the Court of International Trade's Ruling

Expanded cooperation between China and the United States will help reinforce the stability of global industrial and supply chains, while generating fresh momentum in advanced manufacturing, premium consumption and innovation-driven industries, said analysts and business executives of both sides.中美两国分析人士及企业高管表示，扩大中美合作有助于巩固全球产业链供应链稳定，同时为高端制造业、高端消费及创新驱动产业注入新动能。They also said that stable China-US economic ties are vital to safeguarding global supply chains, and the two countries have shared interests in sectors including frontier technologies that far outweigh any tariff game.他们还表示，稳定的中美经贸关系对维护全球供应链至关重要，两国在前沿技术等领域拥有远超关税博弈的共同利益。Companies are also eyeing emerging business opportunities, as the two economies remain highly complementary. China maintains strengths in manufacturing capacity, supply chain integration and industrial efficiency, while the US continues to lead in high-end consumption, technological innovation and service-related demand.由于中美两大经济体仍具备高度互补性，企业也在紧盯新兴商业机遇。中国在制造产能、供应链整合及产业效率方面保持优势，而美国在高端消费、技术创新和服务需求领域持续领跑。Da Wei, a professor of international relations at Tsinghua University, said that amid rising geopolitical and economic uncertainties, including growing energy security concerns surrounding the Strait of Hormuz, stable China-US economic ties are crucial to safeguarding global supply chains, supporting trade flows and strengthening long-term industrial ties.清华大学国际关系教授达巍表示，在地缘政治与经济不确定性不断上升、霍尔木兹海峡能源安全担忧加剧的背景下，稳定的中美经贸关系对于维护全球供应链、保障贸易流通、夯实长期产业合作纽带意义重大。He Wei wen, a senior fellow at the Beijing-based think tank Center for China and Globalization, said the two countries should place greater emphasis on cooperation in artificial intelligence and other frontier technologies, as China and the US have enormous shared interests and opportunities in trade and investment related to open-source AI, big data, quantum computing, 6G, robotics, green transformation and biotechnology.智库全球化智库高级研究员何伟文表示，两国应更加重视人工智能等前沿技术领域合作，中美在开源人工智能、大数据、量子计算、6G、机器人、绿色转型及生物技术相关的贸易投资领域拥有巨大共同利益与合作空间。Speaking at a sub-forum of the Bo ao Forum for Asia Annual Conference 2026 in Bo ao, Hainan province, in late March, Carlos Gutierrez, former US secretary of commerce, said the world would benefit from a more stable and constructive economic relationship between China and the US, with both sides ensuring that opportunities remain open and mutually accessible.3 月下旬，美国前商务部长卡洛斯・古铁雷斯在海南博鳌举办的 2026 年博鳌亚洲论坛年会分论坛上表示，中美建立更稳定、更具建设性的经贸关系将惠及全球，双方应确保市场机遇保持开放、相互互通。If the two sides can find ways to manage differences and establish a framework for coexistence, it could provide a model for the global system, he said.他称，若双方能够管控分歧、构建共处框架，将为全球治理体系提供范本。China's strategic role in the global supply chain and its vast market are becoming increasingly prominent for US companies. Nathaniel Madarang, president for the Asia-Pacific region at Goodyear Tire & Rubber Co, said that China is not just a market or a production base, but is increasingly a vibrant market, a competitive manufacturing base and an innovation hub.对美国企业而言，中国在全球供应链中的战略地位及庞大市场愈发凸显。固特异轮胎亚太区总裁表示，中国不仅是市场和生产基地，更日渐成为充满活力的消费市场、具备竞争力的制造基地和创新高地。In addition to operating three plants and two research and development centers with 4,000 employees across China, the US tire manufacturer leverages the country as an export platform, supplying tires from its Chinese factories to markets in the Asia-Pacific region.这家美国轮胎制造商在华运营三家工厂和两座研发中心，拥有 4000 名员工，同时将中国作为出口平台，从在华工厂向亚太市场供应轮胎产品。Noting recent visits to China by several US business leaders — including Ray Dalio, founder of asset management firm Bridge water Associates, and Stephen Schwarzman, chairman of investment firm Blackstone Inc — Wang Guan nan, spokeswoman for the China Council for the Promotion of International Trade, said that despite mounting external uncertainties, business communities in both China and the US continue to favor cooperation over confrontation, underscoring strong demand for deeper economic ties.中国国际贸易促进委员会发言人王冠楠谈及近期桥水基金创始人瑞・达利欧、黑石集团董事长苏世民等多位美国商界领袖访华时表示，尽管外部不确定性持续增加，中美工商界仍坚持选择合作而非对抗，凸显双方深化经贸往来的强烈诉求。With global trade flows changing and regional demand increasing, China's trade with the US dropped 16.6 percent year-on-year to $128.68 billion in the first quarter of 2026. At the same time, trade with the Association of Southeast Asian Nations rose 18.4 percent in US dollar terms, and trade with the European Union increased 17.6 percent, data from the General Administration of Customs showed.海关总署数据显示，受全球贸易格局变动、区域需求增长影响，2026 年一季度中美贸易额同比下降 16.6%，至 1286.8 亿美元；同期中国与东盟贸易额以美元计价增长 18.4%，与欧盟贸易额增长 17.6%。Huang Kai, vice-president of Fujian Zhong jing Petrochemical Co, the largest private petrochemical company in Fujian province in terms of production capacity, said that stable China-US trade ties are important for the company to ensure operational stability and support steady business growth.福建省产能规模最大的民营石化企业福建中景石化副总经理黄凯表示，稳定的中美贸易关系对企业维持经营稳定、实现业务稳步发展至关重要。The company imported 308,000 metric tons of propane from the US in the first four months of this year, accounting for 34.8 percent of its total propane imports, according to Fuzhou Customs.据福州海关数据，今年前四个月，该企业从美国进口丙烷 30.8 万吨，占其丙烷总进口量的 34.8%。JAC Auto Parts (Ningbo) Co, an automotive parts manufacturer based in Ningbo, Zhejiang province, counts the US among the company's core export markets. Its exports to the US rose 30 percent year-on-year to 40 million yuan ($5.88 million) in 2025, said Ningbo Customs.宁波海关表示，位于浙江宁波的汽车零部件企业江淮汽车零部件（宁波）有限公司将美国列为核心出口市场，2025 年对美出口额同比增长 30%，达 4000 万元人民币，折合 588 万美元。Yang Wei guo, the head of the company's foreign trade unit, said, "The US is not only a major automotive market, but also one of our most important export destinations, and a key import source of core auto components such as rollers and anti-collision beams."该公司外贸部门负责人杨伟国表示：“美国不仅是重要的汽车消费市场，也是我们核心出口目的地，更是辊轴、防撞梁等汽车核心零部件的重要进口来源地。”Yang said the Chinese and US automotive markets remain highly complementary, adding that stable and constructive China-US economic and trade relations are essential to the company's long-term development and steady operations.杨伟国称，中美汽车市场依旧高度互补，稳定且具有建设性的中美经贸关系，是企业长远发展和稳健经营的重要保障。reinforce /ˌriːɪnˈfɔːs/ v. 巩固；加强frontier /ˈfrʌntɪə(r)/ n. 前沿；边界complementary /ˌkɒmplɪˈmentri/ adj. 互补的underscore /ˌʌndəˈskɔː(r)/ v. 强调；凸显

In breaking news, Trump has lost again on his harebrained tariff scheme to tax the American people billions of dollars, as the Court of International Trade, in a 2-1 decision, strikes down Trump's efforts to declare a phony “balance of payments” crisis to impose new 10% tariffs on the world. Popok explains why a “balance of trade” imbalance is not a “balance of payments” emergency, and what should happen next at the appellate courts, including the US Supreme Court, as Trump's signature economic policy gets another black eye in court. Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast Cult Conversations: The Influence Continuum with Dr. Steve Hassan: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show The Ken Harbaugh Show: https://meidasnews.com/tag/the-ken-harbaugh-show Majority 54: https://www.meidastouch.com/tag/majority-54 On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. and Iran exchange fire as concerns grow over the fragile ceasefire. Then, the U.S. Court of International Trade rules Trump's 10% global tariffs are illegal. Plus, the heated battle over AI regulation spills into the midterms; what it could mean for the future of jobs and the economy. Peter Baker. Michael McFaul, Ivo Daalder, Laura Haefeli, Brooke Masters, Justin Wolfers, and Alex Bores join The 11th Hour this Thursday night. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today's Headlines: The Iran war is very much back on — Trump threatened Iran with "one big glow," called the exchange of fire "just a love tap," and bragged about sinking small boats, while US intelligence confirmed Iran still has about 70% of its missiles intact despite Trump claiming it's down to 18-19%. Gas prices have hit $4.50 a gallon — up over 50% since the war started — with CEOs warning that consumer spending is collapsing and everyone is borrowing to get by. Shell, meanwhile, posted $7 billion in Q1 profits, more than double the previous quarter, which seems fine. As if the war weren't enough to worry about, on the redistricting beat, Tennessee signed a new map eliminating the state's one Democratic seat by splitting Memphis into four suburban districts, Alabama passed their gerrymandering legislation while tornado sirens blared and the building flooded, and Mississippi is planning their own special session in a Jim Crow-era capitol that's been a museum for years. On top of that, Marco Rubio announced new sanctions on Cuba's state-owned industries and military conglomerate, while the State Department quietly beefs up disaster preparedness in South Florida in anticipation of further Cuba hostilities. Somehow Kash Patel is in the news again, he reportedly ordered polygraphs for over two dozen staff to find out who talked to The Atlantic about his drinking, while launching a criminal leak investigation against the reporter he's also suing for $250 million. Elsewhere, Trump's 10% tantrum tariff was ruled illegal by the Court of International Trade, Elon Musk was formally summoned by the French government to cooperate in their X investigation after skipping a voluntary interview — with Trump's DOJ calling it a "criminally charged criminal proceeding" — and Kalshi raised a billion dollars bringing its valuation to $22 billion, which means someone should probably check if their headquarters exists. And finally, a ransomware attack on Canvas knocked out coursework for students at over 3,000 schools, which is either a crisis or the greatest thing ever depending on your GPA. Resources/Articles mentioned: Axios: Iran and U.S. exchange fire in Strait of Hormuz Bloomberg: Consumers Are ‘Running Out of Money' and Cutting Back, CEOs Warn Bloomberg: Consumers Are ‘Running Out of Money' and Cutting Back, CEOs Warn NYT: Shell Reports Nearly $7 Billion Profit After Oil Prices Surged Amid U.S.-Iran War WaPo: U.S. intelligence says Iran can outlast Trump's Hormuz blockade for months Axios: Rubio announces new Cuba sanctions Mother Jones: After SCOTUS Destroyed the Voting Rights Act, Southern States Rush to Pass Jim Crow Voting Maps WVLT: TN governor signs new congressional map into law, dividing Memphis and marking end of special session The New Republic: Alabama Republicans Vote to Pass New Map as Tornado Sirens Blare The Guardian: Mississippi house to hold redistricting session at Jim Crow era capitol MS Now: Kash Patel ordered polygraphs of more than two dozen members of his team, sources say NYT: Trade Court Rules Trump's 10% Global Tariff Is Illegal WSJ: Elon Musk Summoned to France to Face Criminal Charges NYT: Kalshi, The Prediction Market, Is Now Valued At $22B  WSJ: Harvard, Berkeley and Thousands of Schools Suffer Cyber Outage Subscribe to the Betches News Room and join the Morning Announcements group chat. Go to: betchesnews.substack.com Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

Host: Cindy Allen Published: May 2026 Length: ~12 minutes Presented by: Global Training Center It's Time to Go: Refunds, Trade Policy, and What Comes Next In this episode of Simply Trade: Cindy's Version, Cindy Allen walks listeners through a busy week in international trade while using Taylor Swift's “It's Time to Go” as the theme. She covers the latest Court of International Trade ruling on Section 122, the ongoing CAPE refund process, Section 301 hearings, possible changes to Section 232 tariffs, and new concerns around CPSC data requirements. The episode also touches on fraud prevention, ACE help desk issues, and why it may be time to return to more traditional trade processes with clearer timelines and checks and balances. What You'll Learn in This Episode Court and tariff updates Cindy explains the recent CIT ruling on Section 122 and how it may affect future trade actions. She also discusses the possibility of further appeals and what that could mean for importers. CAPE refund progress The episode shares encouraging news that CAPE refunds are reportedly hitting bank accounts. Cindy also covers the 45-day review window and the safeguards CBP is using to catch duplicate or mistaken filings. Fraud and cybersecurity concerns Cindy highlights CBP's webinar and CSMS update about fraud in the CAPE process, including the need to verify bank details and watch for duplicate filings. She notes that many of the problems CBP is seeing are clerical or procedural rather than outright fraud. New compliance pressure The conversation shifts to the upcoming CPSC data requirements and why many importers may not yet be prepared. Cindy explains that the timeline is tight and that companies should work closely with brokers to get ahead of the new filing expectations. Why “It's Time to Go” fits Cindy uses the Taylor Swift song to reflect the need to move away from overly novel tariff approaches and back toward more traditional trade processes. Her message is that trade needs time, structure, and predictability in order to plan and adjust effectively. Credits Host: Cindy Allen Presented by: Global Training Center Subscribe & Follow Stay up to date with the latest in global trade:

The Trump administration has reached a settlement in an antitrust case against data-sharing company Agri Stats. The Justice Department is continuing its investigation in the beef processing industry.  The Court of International Trade ruled President Trump's tariffs on global imports is illegal. The USDA announced today the implementation of the Whole Milk for Healthy Kids Act. 

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Another round of Trump tariffs just got blocked in court — exactly like we said would happen. The U.S. Court of International Trade ruled that Trump's new Section 122 tariffs were unlawful because the law was designed for balance-of-payments emergencies, not general trade deficits. The administration knew the legal ground was shaky from the start.In this episode, we break down:• Why the court ruled Trump's “Tariff 2.0” plan illegal• What Section 122 was actually created for after Bretton Woods collapsed• How the White House likely knew these tariffs wouldn't survive judicial review• Why this strategy mirrors Biden's legally questionable student-loan maneuvers• How Trump may now pivot toward “Tariff 3.0” targeting countries accused of “taking advantage” of the U.S.• Why markets and allies are increasingly nervous about unpredictable escalationAnd the uncomfortable reality: people may now fear Trump's reaction to losing more than the policy itself.

Chinese company Landbridge is fighting to hold on to Darwin Port after Australia said it may reclaim the lease. Landbridge has launched arbitration at the International Center for Settlement of Investment Disputes, potentially the first investor–state case the Australian government will face at the World Bank body. Host Tu Yun joins Dr. Warwick Powell, Adjunct Professor, Queensland University of Technology, Dr. Zhou Mi, Deputy Director, Institute of American and Oceania Study, Chinese Academy of International Trade & Economic Cooperation, and Dr. Edward Lehman, Founder & Managing Director, Lehman, Lee & Xu to break down how a routine commercial deal turned into a national security flashpoint, who's likely to win, and what this case means for China-Australia ties, investor confidence, and the future of global investment rules.

A review of the week's major US international tax-related news. In this edition:  US House and Senate to resume budget reconciliation process – IRS reinstates "significant issue" letter ruling program – US Court of International Trade rules against Trump Administration's temporary 10% global tariffs – US Trade Representative releases annual Special 301 Report on global IP.

Dame Emily Thornberry, Labour MP and the influential head of the House of Commons Foreign Affairs Select Committee, is in the hot seat as the committee continues its ongoing investigation - dubbed ‘Scandelson' scrutinising - into the circumstances behind Lord Mandelson's appointment as US ambassador.Born in Guildford in 1960 her mother was a teacher and her father an academic who would go on to be a UN Assistant Secretary General. When Emily was seven her father walked out on the family leaving her mother with no income and three children to look after. They were made homeless and moved to a council estate.After A Levels she studied law and qualified as a barrister in the mid 80s and spent 20 years as a human rights barrister at the chambers of Michael Mansfield KC.She was first elected as a Labour MP in 2005. She has since been re-elected 5 times and held a number of Shadow Cabinet positions including Defence, Foreign Affairs, International Trade, and Attorney General. But when Sir Keir Starmer became Prime Minister to many people's surprise there was no ministerial job for Emily. Now, as chair of the Foreign Affairs Select Committee, she has the power to scrutinise government decisions and appointments; a role that has seen her grilling members of her own party in recent weeks. Mark Coles looks back on her life. Contributors: Michael Mansfield KC Dawn Butler MP Sir Jeremey Hunt MP Lord Christopher Smith Jim Thornberry Archive : Devil Wears Prada 2 trailer - 20th Century Studios / Wendy Finerman Productions / Sunswept EntertainmentPresenter: Mark Coles Producers: Tom Gillett and Nathan Gower Editor: Justine Lang Sound mix: Neil Churchill Production co-ordinators: Maria Ogundele and Rosie Strawbridge

China's DeepSeek AI startup has unveiled its latest model, reportedly at just a fraction of the cost of comparable U.S. systems. Could that price edge help it win over users? Reports say the launch was delayed to align with Chinese-made chips, marking a shift toward domestic hardware. Is that trade-off worth it? And after a stark warning from Nvidia's CEO and fresh pressure from Washington, what does this moment mean for DeepSeek's global presence? Host TU Yun joins Thorsten Jelinek, a research fellow at the Hertie School's Center for Digital Governance, Berlin, Germany. He is currently a visiting professor at the Aerospace Information Research Institute of the Chinese Academy of Sciences; Dr. Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation; and Josef Mahoney, a professor of politics and international relations at the East China Normal University to break down what DeepSeek V4 signals for the AI race beyond compute.

0:11 - Higher oil prices set to give feds a 'windfall' in next budget. 10:26 -  Internal trade reform is finally moving and Canada cannot squander the momentum. 24:25 -  Fiscal update leaves plenty of questions about sovereign wealth fund. 36:55 - We take your calls and texts on the sovereign wealth fund. 42:29 - We continue with your calls and texts on the sovereign wealth fund. 49:30 - With $6-billion boost, Ottawa hopes to shore up labour force for its building agenda. 1:02:18 - Another alleged attempt on Trump's life: A political lifeline or a damaging display of weakness? Learn more about your ad choices. Visit megaphone.fm/adchoices

#209 MMT and International Trade with Dr Phil Armstrong (part 1)   Patricia and Christian talk to economist and author Dr Phil Armstrong about his recent paper, "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis".   Full conversation here: https://www.patreon.com/posts/155949704?pr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Relevant to this episode: "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis" by Dr Phil Armstrong: https://gimms.org.uk/2026/04/10/modern-monetary-theory-and-international-trade-developments-on-the-base-case-for-analysis/ "A Counterinflationary Job Guarantee For The United Kingdom", by Patricia Pino, Phil Armstrong and Steve Laughton: https://mmtuk.org/research/job-guarantee/ Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENTS! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/156678605?pr=true

Take action; collect tariffs; litigate - rinse and repeat. Section 232 metals tariffs are in the Court of International Trade this time. Listen for more on Two Minutes in Trade. 

Hiring in AEC is harder than ever—and many firms are feeling the strain. In this episode, Bryce sits down with Micaela Socci, co-founder and CEO of Wemoter, to explore a new way of thinking about team building, hiring, and scalability. Instead of relying solely on traditional hiring models, Micaela shares how firms can integrate pre-vetted remote talent alongside their internal teams to increase capacity, reduce hiring friction, and maintain quality. They discuss the mindset shift required to embrace hybrid teams, the operational benefits of combining on-site and remote talent, and how this model is helping firms grow faster without overextending their people. If you're trying to scale your team—or struggling to keep up with demand—this episode offers a fresh, practical perspective. What we cover: Why traditional hiring models are breaking down  The benefits of hybrid teams (on-site + remote talent)  How to scale project capacity without increasing headcount  Overcoming trust and control concerns with remote teams  The role of systems and structure in making hybrid work  A new approach to talent strategy in AEC  About Micaela: Micaela F. Socci is the Co-Founder & CEO of Wemoter, where she helps AEC firms scale through people-powered growth and smarter talent strategies. With a background in International Trade and a deep passion for people management, she bridges the gap between global talent and the unique needs of architecture and engineering firms. Through Wemoter, Micaela has helped AEC firms grow up to 20% year-over-year, reduce hiring time by 40%, and scale project workloads by 2–3x without expanding internal headcount. She is passionate about helping firms adopt new ways of working—integrating remote and in-house teams to create more flexible, efficient, and scalable businesses. Her mission is to make insourcing the new standard for architect-led firms and to help studios grow without compromising quality or wasting time on misaligned hires.  

From AI-powered glasses to flying cars and next generation of humanoid robots, companies from home and abroad have gathered in China's Hainan province for the 6th China International Consumer Products Expo (CICPE), also known as the Hainan Expo. What groundbreaking innovations are featured at the expo? Are these cutting-edge technologies just gimmicks, or will they truly become part of our future lives? And how can the deep integration of AI technology into daily life serve as a new engine for China's consumption upgrade? Host Xu Yawen is joined by Chen Jiahe, Chief Investment Officer of Novem Arcae Technologies; Dr. John Gong, Professor at the University of International Business and Economics; and Dr. Zhou Mi, Senior Research Fellow at the Chinese Academy of International Trade and Economic Cooperation, to find out the answers.

Buckle up, folks! Today's episode is a wild ride through the messiest, juiciest conversations about church, politics, and global trade, served with a side of satire and a sprinkle of smirk. Former U.S. Senator and Ambassador to the Vatican Joe Donnelly dropping truth bombs about the Catholic Church's dance with politics.But there's more! Washington Post financial journalist David J. Lynch hoins Heidi and Joel to help you navigate the murky waters of AI, tariffs, and global instability with razor-sharp wit. Lynch's new book, The World's Worst Bet: How the Globalization Gamble Went Wrong (And What Would Make It Right), addresses rise and fall of the greatest engine of prosperity the world has ever known.Lynch explains why global trade prosperity is failing to benefit Americans and what we can do to change it.In this episode:Joe Donnelly roasts the U.S. President for his AI Jesus and Pope-bashing anticsThe Catholic bishops' role in American politics, and why their message hits a nerveHow Trump's AI-generated image depicting him as Jesus is sparking international outrage, and should make us all uncomfortableThe domino effect of tariffs, trade wars, and the broken promises to rural AmericaThe strategic disaster of ignoring Congress in decisions about war, and why even Senate insiders are throwing in the towelWhy globalized trade isn't a magic potion for economic prosperityThe urgent need to rethink safety nets as AI and economic inequality threaten to wipe out the middle classResources & Links:The World's Worst Bet: How the Globalization Gamble Went WrongWashington Post – David LynchConnect with David J. Lynch:BlueskyAnd remember: When it comes to faith, trade, and technology—sometimes the truth is too bizarre for fiction. Thanks for tuning in to the Hot Dish: the political casserole your grandma would be proud of, served up with a side of sass.The Hot Dish is brought to you by the One Country Project. To learn more, visit OneCountryProject.org, or find us on Substack (Onecountryproject.substack.com), and on YouTube, Bluesky, and Facebook (@onecountryproject). (00:00) - Joel and Heidi speak with Joe Donnelly about Trump versus the Pope (25:16) - Introduction to Globalization and Its Impact (28:14) - The Consequences of NAFTA and Trade Policies (30:55) - Political Ramifications of Globalization (34:00) - The Effects of Tariffs on American Workers (36:52) - Trust and Credibility in International Trade (39:58) - The Future of Globalization and AI (42:51) - Addressing the Challenges Ahead

Against a backdrop of surging tariffs, fracturing alliances, and rising protectionist sentiment on both sides of the Atlantic and the Pacific, the Economic Club of Minnesota gathered to celebrate someone who has spent her entire career swimming against that current. Dr. Mari Elka Pangestu, economist, former cabinet minister, World Bank managing director, and now Indonesia's Special Envoy for International Trade and Multilateral Cooperation, received the Bill Frenzel Champion of Free Trade Award. The honor could not have come at a sharper moment. As Minnesota companies navigate the whiplash of new U.S. tariffs and retaliatory measures reshaping global supply chains, Pangestu offered something rarer than policy prescriptions: a long view, anchored in decades of experience navigating trade negotiations from Jakarta to Geneva to Washington.

China's consumer market is gaining fresh momentum from an explosion of new business formats and consumption scenarios as well as a robust policy push, and the dynamism is prompting global companies to position themselves for a stake in what they see as one of the world's most significant sources of future growth, analysts and executives said.新的业态和消费场景不断涌现，加上强有力的政策推动，为中国消费市场注入了新的活力。分析人士和企业高管指出，这股活力正促使全球企业纷纷布局，它们将中国视为未来全球经济增长最重要的引擎之一，希望从中分得一杯羹。Their remarks came ahead of the six-day China International Consumer Products Expo — one of Beijing's initiatives to shore up consumer spending — that opens on Monday in Hainan province, as policymakers place boosting consumption at the top of China's economic agenda for this year and beyond.这些言论发表之际，为期六天的中国国际消费品博览会即将于4月13日在海南省开幕。该博览会是我国提振消费支出的举措之一。当前，扩大消费已被列为我国今年及未来几年经济工作的重中之重。According to the outline of China's 15th Five-Year Plan (2026-30), the country aims to "achieve a notable increase in household consumption as a share of gross domestic product, making domestic demand a more prominent economic driver" over the next five years.根据“十五五”规划纲要，未来五年，我国将“着力使居民消费占国内生产总值比重显著上升，使内需成为拉动经济增长的主动力和稳定锚”。"China's growth has moderated from its historic highs, but the economy — especially the consumer market — has proven remarkably adaptive," said Daniel Zipser, senior partner at global management consultancy McKinsey &Company.全球管理咨询公司麦肯锡资深董事合伙人泽沛达表示：“中国经济增速虽较高点有所放缓，但经济本身——尤其是消费市场——展现出了非凡的韧性。”Zipser said that the growth in the apparel, beauty, and food and beverage segments, the continued expansion of services and experiences, and inflation as a signal of demand strength, all point to "a market that is rebalancing".泽沛达指出，服装、美妆、食品饮料等领域的增长，服务和体验消费的持续扩张，以及作为需求强劲信号的通货膨胀，都表明“市场正在再平衡”。Earlier this month, China allocated a second tranche of 62.5 billion yuan ($9.1 billion) to support its consumer goods trade-in program, and unveiled guidelines to boost service consumption in both established sectors such as elderly and child care, and emerging growth areas including inbound consumption and live performance.本月早些时候，我国提前下达了第二批625亿元人民币消费品以旧换新资金，并发布了促进服务消费的指导意见，涵盖养老托育等成熟领域，以及入境消费、演艺消费等新兴增长点。"New types of consumption, green consumption and services consumption are projected to become long-term engines of growth," said Jeff Wu, vice-chairman of KPMG China.毕马威中国副主席吴旭初表示：“新型消费、绿色消费和服务消费预计将成为长期增长引擎。”Wang Xuekun, head of the Chinese Academy of International Trade and Economic Cooperation, said that events like the China International Consumer Products Expo are not just trade fairs; they are designed to help global businesses better resonate with Chinese buyers and translate the country's growing appetite for high-quality goods and services into tangible opportunities.商务部国际贸易经济合作研究院院长王学坤表示，像中国国际消费品博览会这样的活动不仅仅是贸易展会，其初衷是帮助全球企业更好地与中国消费者产生共鸣，将中国对高品质商品和服务日益增长的需求转化为实实在在的机遇。The sixth edition of the Hainan expo will bring together more than 3,400 brands from over 60 countries and regions, with international exhibits accounting for 65 percent of the total. More than 200 new products are expected to make their debut, double the number launched at last year's event.第六届消博会将汇聚来自60多个国家和地区的3400多个品牌，其中国际展品占比达65%。预计将有200多款新品首发亮相，数量是去年的一倍。"The internationalization of the expo has increased year by year," said Yang Gang, vice-chairman of Charoen Pokphand Group in China. The Thai multinational company mainly focuses on the agro industry and food segment in China.泰国跨国企业正大集团在中国主要经营农牧食品领域。正大集团中国区副董事长扬纲表示：“消博会的国际化程度逐年提高。”Yang noted that the company aims to leverage Hainan, which allows freer entry of overseas goods and expanded zero-tariff coverage following the inauguration of its island-wide special customs operations in December, as a logistics hub to efficiently deliver high-quality agricultural products from Southeast Asia to the Chinese market.扬纲指出，去年12月海南全岛启动封关运作后，境外商品入境更加自由，零关税范围进一步扩大。正大集团希望借助海南作为物流枢纽，将东南亚的优质农产品高效输送到中国市场。Chinese consumers are outpacing their global peers in embracing health-conscious, sustainable and internationally sourced products, creating fresh opportunities for overseas brands, according to a report on China's consumer market released by PwC in January.普华永道今年1月发布的关于中国消费市场的报告显示，中国消费者在拥抱健康环保、可持续发展和国际化产品方面，已领先全球其他地区的消费者，这为海外品牌创造了新的机遇。The trend is being further reinforced by the "Big Market for All: Export to China" initiative launched by the Ministry of Commerce, featuring more than 100 dedicated events this year designed to help overseas suppliers connect with Chinese buyers and bring a wider range of high-quality foreign products and services into the Chinese market.商务部发起的“共享大市场·出口中国”活动进一步强化了这一趋势。该活动今年将举办100多场专项活动，旨在帮助海外供应商与中国采购商对接，将更多优质的外国产品和服务引入中国市场。Supachai Junkeiat, president of TCP China, the Thai conglomerate behind the energy drink brand Red Bull, said:"We have always been optimistic about the upgrade potential of China's supersized consumer market. Going forward, we will continue to closely track the country's consumption trends and leverage product innovation to precisely meet new demands for consumption upgrades."红牛能量饮料品牌所属的泰国天丝集团中国区总裁曾森鸿表示：“我们始终看好中国超大规模消费市场的升级潜力。未来，我们将继续紧密跟踪中国消费趋势，通过产品创新精准满足消费升级的新需求。”apparel /əˈpærəl/服装；衣着tranche /trɑːnʃ/（款项的）一部分；一期consumer goods trade-in program /kənˈsuːmər ɡʊdz ˈtreɪdˌɪn ˈproʊɡræm/消费品以旧换新政策 outpace /aʊtˈpeɪs/超过；胜过；比…更快conglomerate /kənˈɡlɑːmərət/企业集团；联合大企业

Executive Power: Did the Trump Administration have the power to impose global 10% tariffs after the Supreme Court invalidated its "Liberation Day" tariffs? - Argued: Fri, 10 Apr 2026 14:51:17 EDT

Vice President JD Vance warns Iran not to 'play' the U.S. ahead of talks in Pakistan to end the war. He says, 'If the Iranians are willing to negotiate in good faith, we're certainly willing to extend the open hand'; Iran's Parliament Speaker says Israel must stop bombing Lebanon before negotiations begin; former Vice President Kamala Harris says what she calls President Trump's 'war of choice' with Iran will cause long-term damage to the U.S. She also says she is considering running for president again in 2028; President Donald Trump's latest 10% global tariffs are challenged before the U.S. Court of International Trade. We will talk about it with Reuters reporter Dietrich Knauth (25); Top Senate Republicans meet with President Trump on a plan to fund immigration enforcement within the still-closed Department of Homeland Security with only Republican votes; California's Attorney General Rob Bonta announces a major operation to prosecute health care fraud; Artemis II moon mission crew returns to Earth tonight; former Rep. Eliot Engel (D-NY) has died. Learn more about your ad choices. Visit megaphone.fm/adchoices

VLOG April 10 Live Nation jury deliberations https://matthewrussellleeicp.substack.com/p/ticketmonster-with-the-jury-live Book 3/3 coming, 2: https://amazon.com/dp/B0GT798C16 Sean Combs appeal analysis; US Court of International Trade on new tariffs; @USUN inaction on real UN(SG) reform https://innercitypress.com/nextsgnot1grynspanicp040726.html

This Day in Legal History: Jackie Robinson Signs with DodgersOn April 10, 1947, Jackie Robinson signed his contract with the Brooklyn Dodgers, marking a pivotal moment in both sports and legal history. At the time, racial segregation was deeply entrenched in American society, including in professional athletics, where informal but rigid “color lines” excluded Black players. Robinson's signing, orchestrated by Dodgers executive Branch Rickey, directly challenged this exclusionary system. Although no court decision mandated integration in baseball, the move carried significant legal implications by undermining accepted norms of segregation.Robinson's entry into Major League Baseball occurred just years before landmark civil rights rulings, including Brown v. Board of Education, which declared racial segregation in public schools unconstitutional. His success on the field helped shift public opinion, demonstrating that integration was both possible and beneficial. This cultural shift played an indirect but meaningful role in supporting broader legal challenges to segregation. At the same time, Robinson faced hostility, threats, and discriminatory treatment, highlighting the gap between evolving social practices and existing legal protections.The federal legal framework addressing discrimination was still underdeveloped in 1947, with major statutes like the Civil Rights Act of 1964 nearly two decades away. Robinson's breakthrough contributed to the growing momentum for such legislation by exposing the injustice and inefficiency of segregated systems. His experience also illustrated the limits of private action in achieving equality without formal legal enforcement mechanisms. Over time, his role became part of a larger narrative demonstrating how social change can precede and influence legal reform.Robinson's signing stands as an example of how non-judicial actions can shape the development of law by altering public attitudes and expectations. It underscores the interplay between private institutions and constitutional principles, particularly in the realm of equal protection. The event remains a key reference point in discussions about the relationship between cultural progress and legal change in the United States.A California federal judge has ordered another evidentiary hearing in the ongoing dispute between Epic Games and Google over proposed changes to an antitrust injunction governing Android app distribution. U.S. District Judge James Donato expressed frustration that each revised proposal introduces new elements, warning the parties that the court will not continue reviewing endless iterations. The latest proposal follows Epic's earlier trial victory, where a jury found Google had monopolized the Android app marketplace.Although the companies claim their revised plan better aligns with the original injunction, the judge raised concerns about potential anticompetitive effects. In particular, he questioned Google's idea of a “registered app store” program, suggesting it might create barriers for rival app stores. He also flagged possible issues with fees that could undermine competition. As a result, the court will require more detailed explanations before deciding whether to approve the changes.The dispute stems from litigation filed in 2020 challenging restrictions that limited alternative app stores and required developers to use Google's billing system. After Epic's win, the court imposed an injunction requiring Google to open its platform to competitors. While the revised proposal keeps some pro-competition measures—such as allowing alternative billing and preventing exclusionary deals—it has drawn mixed reactions.Supporters argue the new terms still promote competition, but critics, including Microsoft and advocacy groups, say the changes weaken the original order. They highlight concerns about new fees and provisions that could make it harder for competitors to enter the market. Some also argue that shifting key terms into private agreements reduces judicial oversight. Judge Donato indicated this upcoming hearing will likely be the final step before a decision, emphasizing the need to resolve the matter without further revisions.‘Not Going To Keep Doing This,' Judge Warns Epic, Google - Law360The U.S. Department of Justice has launched an investigation into whether the National Football League is engaging in anticompetitive practices that could harm consumers. While the exact scope of the probe is unclear, it appears to focus on how the league distributes broadcasting rights for its games. Concerns have grown among regulators, lawmakers, and broadcasters about the increasing shift of sports content from free television to paid streaming platforms.Critics argue that this trend makes it harder and more expensive for fans to watch games, with some estimates suggesting it could cost over $1,500 annually to access all NFL broadcasts across multiple services. The NFL has defended itself by noting that most of its games are still available on free broadcast television, particularly in local markets. Meanwhile, the Federal Communications Commission has also begun reviewing the broader migration of live sports to subscription-based platforms.The issue has drawn political attention, including a request from Senator Mike Lee for federal agencies to examine whether the NFL's longstanding antitrust exemption should still apply. That exemption, established by a 1961 law, allows leagues to bundle and sell broadcasting rights collectively.US Justice Department opens probe into NFL over anticompetitive practices, source says | ReutersA federal judge in Washington, D.C. ruled that the U.S. Department of Defense failed to comply with a prior court order protecting journalists' access and reporting rights at the Pentagon. U.S. District Judge Paul L. Friedman found that the department's revised media policy effectively recreated the same unconstitutional restrictions it had already been ordered to remove. The dispute arose after The New York Times and reporter Julian Barnes challenged rules limiting journalists' ability to seek information from government sources.Although the Pentagon changed the wording of its policy, the judge said the new language still prohibited routine journalistic practices, such as requesting non-public information. He rejected the government's argument that the revisions fixed the issue, calling them a clear attempt to sidestep the court's ruling. The opinion also criticized a provision that presumed journalists acted improperly if they offered anonymity to sources, noting that this is a standard practice in reporting.The judge further found that the Pentagon undermined the order by restricting reporters' physical access, including closing a designated workspace and requiring constant escorts inside the building. He dismissed the government's security justification, stating that existing screening procedures were never removed and that the new limitations appeared designed to weaken press access.Ultimately, the court ordered the government to restore prior conditions and comply fully with its ruling. Judge Friedman emphasized that the policy violated First Amendment protections by chilling press freedom and limiting the flow of information to the public. He warned that suppressing political speech and controlling media access are hallmarks of authoritarian systems, underscoring the constitutional importance of an independent press.‘Mark Of Autocracy': Court Says Pentagon Defied Press Order - Law360US judge says Pentagon violated court order to restore press access | ReutersA U.S. trade court is considering whether President Donald Trump's 10% global tariff on imports is lawful. The tariffs, introduced in February, are being challenged by a coalition of 24 states and small businesses, who argue that the policy exceeds presidential authority and improperly bypasses Congress. The case is being heard by a three-judge panel at the U.S. Court of International Trade.The Trump administration defends the tariffs as a valid response to ongoing trade deficits, relying on Section 122 of the Trade Act of 1974. This provision allows temporary tariffs during serious balance-of-payments issues. However, the challengers argue that the law was intended for short-term economic emergencies, not persistent trade imbalances, and that the administration is stretching its meaning.The dispute comes shortly after the U.S. Supreme Court struck down many of Trump's earlier tariffs imposed under a different statute, ruling he had overstepped his authority. Plaintiffs claim the new tariffs are an attempt to work around that decision using a different legal justification.US trade court weighs legality of Trump 10% global tariff | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

April 8 is International Day for the Conservation of Rare Animals, a day dedicated to raising awareness about wildlife protection and promoting harmony between humans and nature. Raabia Hawa, Founder and Director of Ulinzi Africa Foundation in Kenya and Zhou Mi, Senior Research Fellow, Chinese Academy of International Trade and Economic Cooperation, provide insights into the successful and sustainable conservation cases that have made a real difference on the ground in Africa and China, as well as potential areas for deeper China-Africa collaboration in wildlife conservation.

The Guardian columnist speaks about why we need to tackle global food insecurity. Help support our independent journalism at theguardian.com/infocus

The US Supreme Court's rejection of the raft of US tariffs imposed in 2025 under the International Emergency Economic Powers Act (IEEPA) offers near-term relief for some exporters, but some sectors may still be in the crosshairs.   We discuss the prospect of refunds, the durability of restrictive trade frameworks, and how the US administration will likely tap other legal means achieve its trade agenda.   This comes amid upheaval from the Middle East conflict which is rippling across sectors and deepening the uncertainty.   Host: William Foster, Senior Vice President, Sovereign Risk, Moody's Ratings    Guests: Atsi Sheth, Chief Credit Officer, Moody's Ratings   Related Research:  Tariffs – Global – Trade deal commitments and new tariffs diminish effects of IEEPA ruling 3 March 2026 Tariffs – US – FAQ: Trade uncertainty will persist after Supreme Court rules on IEEPA tariffs 19 Feb 2026 Government Policy – US – Midterm dynamics and 'America First' agenda to shape credit in 2026 19 Feb 2026 Moody's Tariff Tracker   © 2026 Moody's Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody's information made available in this episode. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The US tariff landscape shifted again following the Supreme Court's decision invalidating tariffs imposed under the International Emergency Economic Powers Act (IEEPA). In this episode, we discuss what the ruling means for importers, including potential refunds, accounting and financial reporting considerations, compliance challenges, and the continued use of other tariff authorities. In this episode, we discuss:1:29 The current tariff landscape and the Supreme Court's IEEPA ruling6:57 Practical steps companies can take now8:56 Accounting for potential tariff refunds13:11 Operational, administrative, and compliance challenges17:42 Downstream accounting impacts for customers and suppliers20:50 New Section 122 tariffs and other tariff authorities still in effect25:27 Tariff mitigation strategies, including drawback and supply chain planningFor more, read our In depth, Accounting implications of tariffs. Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop. About our guestSharon Martin is a principal with PwC's Customs and International Trade practice with extensive experience advising clients on both trade compliance and strategic planning related projects. Sharon has worked with clients in a variety of industries providing strategic advice on customs advisory, risk mitigation, and duty planning.About our guest hostPat Durbin is a Deputy Chief Accountant in PwC's National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

STREAM THE MAKING OF THE JOHN BATCHELOR SHOW3-12-261910 BRUSSELS CITY HALL HOTEL DE VILLEThis transcript captures the preparatory and live segments of the *John Batchelor Show*, where the host and his guests navigate the complexities of modern technology and international trade. The discussion begins with an analysis of artificial intelligence, weighing its potential to boost productivity against concerns regarding reliability, job displacement, and the necessity of human oversight. The dialogue then transitions to the Trump administration's tariff policies, which guest Richard Epstein criticizes as economically damaging and legally problematic due to the procedural uncertainty they create for businesses. Woven throughout the exchange are reflections on geopolitical instability, specifically focusing on the escalating conflict in the Middle East and its impact on global supply chains. Ultimately, the source highlights a shared sense of technological and political turbulence that defines the contemporary era. (1)

The Trump Administration has told a federal judge that they can't refund the money it took illegally from the American people by taxing them illegally through unconstitutional tariffs because it will take 4 Million Hours to process the more than 53 million refunds totaling more than 170 billion dollars, and they just can't spare the personnel! Popok reports on what Judge Eaton in the Court of International Trade could order next, like forcing Trump to hire 4,000 people to work to get all the refunds returned in the next few months, as Trump tries to deny Americans their money until years after he leaves office. Check out The Popok Firm at: https://thepopokfirm.com Subscribe:  @LegalAFMTN  Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast Cult Conversations: The Influence Continuum with Dr. Steve Hassan: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show The Ken Harbaugh Show: https://meidasnews.com/tag/the-ken-harbaugh-show Majority 54: https://www.meidastouch.com/tag/majority-54 On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the Trade Guys, Bill and Scott dive into the impacts of the Iran Conflict on world trade, especially for energy markets. Bill then gives an update on the Court of International Trade's efforts to implement the Supreme Court's IEEPA decision. They conclude by unpacking an escalating trade war between Ecuador and Colombia. 

Linktree: ⁠⁠https://linktr.ee/Analytic⁠⁠Join The Normandy For Ad-Free NME, Additional Bonus Audio And Visual Content For All Things Nme+! Join Here:⁠⁠ ⁠⁠https://ow.ly/msoH50WCu0K⁠⁠The Nintendo Lawsuit Against U.S. Government Over Tariffs (2026) is heating up as Nintendo of America files suit on March 6, 2026, in the United States Court of International Trade. In this segment of Notorious Mass Effect, Analytic Dreamz dives into the high-profile case where Nintendo demands a full refund—with interest—of tariffs paid under now-invalidated policies imposed by the Trump administration starting February 1, 2025.The tariffs, enacted via executive orders under the International Emergency Economic Powers Act (IEEPA), targeted imports from numerous countries, including key Nintendo manufacturing hubs like Vietnam and Cambodia. The Supreme Court ruled on February 20, 2026, in Learning Resources, Inc. v. Trump that IEEPA does not authorize such tariffs, deeming them unlawful and triggering over 380 similar corporate lawsuits (with thousands more including prior cases) from companies like Costco, Toyota, and GoPro seeking refunds on billions collected—estimates range from $166 billion to over $200 billion in total duties.Nintendo claims substantial harm from these "unlawful trade measures," citing impacts like delayed U.S. pre-orders for the Nintendo Switch 2 (originally set to begin April 9, 2025, but postponed due to tariff uncertainty) and price hikes on the original Switch and some Switch 2 peripherals in 2025 to offset costs. The suit names agencies including the U.S. Department of the Treasury, Homeland Security, Customs and Border Protection (CBP), Commerce, and the U.S. Trade Representative, plus officials like Scott Bessent and Kristi Noem.Refunds face delays: CBP cites manpower shortages, outdated systems, and massive volume, though a new processing system is expected in about 45 days. A federal judge has ordered reimbursements to begin, but logistical hurdles persist amid broader industry fallout, including potential future pressures like global RAM shortages.Analytic Dreamz breaks down the timeline, Supreme Court ruling, Nintendo's financial arguments, and what refunds could mean for console pricing across gaming—potentially stabilizing or lowering costs for Switch 2, PlayStation, Xbox, and hardware in 2026–2027 if the wave of litigation succeeds.Support this podcast at — https://redcircle.com/analytic-dreamz-notorious-mass-effect/exclusive-contentPrivacy & Opt-Out: https://redcircle.com/privacy

This is a free preview of a paid episode. To hear more, visit www.serioustrouble.showThis week Ken and Josh discuss how The Trump Administration surprised observers by withdrawing its efforts to appeal its losses against all four law firms that challenged its legal orders against them. Then, it surprised observers again by changing its mind and asking to appeal the cases after all. We discuss why, whether you're allowed to do that, and what happens to the nine firms that didn't fight when the other firms win.We also look at a strange letter from the Department of Justice to state bar associations, telling them they'll have to pause investigations into DOJ lawyers, or else. It's unclear what authority DOJ thinks it has here, but they may be upset about a Florida Bar investigation into Lindsey Halligan. And we talk about news that DOJ tried to come up with a way to do a criminal prosecution related to President Biden's autopen, but didn't.That's for all listeners. Paying subscribers get a whole lot more this week:* You'd think, now that the IEEPA tariffs have been thrown out, customs would stop charging them to importers. You'd be wrong! The customs bureau keeps finalizing tariff payments including the now-barred IEEPA charges — in a filing issued after we taped, they argued their computers won't let them stop — but Judge Richard Eaton from the U.S. Court of International Trade has told them to cut the crap and refund taxpayers' money. Ken and I discuss how this episode might affect the next round of tariff litigation over the new legal authorities the administration is leaning on to replace IEEPA.* There's Administrative Procedure Act news! Judge Lewis Liman says the Trump Department of Transportation can't end New York's congestion pricing program, in an order that Ken calls “149 pages of pain.” One of the issues? As often happens with APA cases, the DOT said New York couldn't challenge its move because they hadn't actually imposed a “final” agency action. Unfortunately for DOT, President Trump last February tweeted a picture of himself wearing a crown and declaring “CONGESTION PRICING IS DEAD,” which sounded pretty final to Liman.* We have an update on West Virginia judges resisting the Trump administration on ICE.* We look at why Tom Goldstein couldn't save his own ass in court, discuss the superseding indictment with a whopping 39 defendants in the St. Paul ICE Church protest case, and we discuss the prosecution in Alabama of a woman who dressed up as a giant penis for a No Kings protest. Local prosecutors argue, among other claims, that she sought to mislead officers as to her identity by saying her name was “Antifa,” and that her huge penis costume was so distracting that it constituted a criminal traffic hazard.Upgrade your subscription to receive all of our episodes at serioustrouble.show.

Kemi Badenoch is the Conservative MP for North West Essex and the Leader of the Opposition. Since winning her seat in 2017, she has held cabinet positions as Minister of State for Equalities under Boris Johnson and Secretary of State for International Trade under Liz Truss and Rishi Sunak. She became leader of the Conservative Party in 2024 after Rishi Sunak's resignation and is the first black person to lead a political party in Britain. Her Nigerian parents came to Britain for medical treatment and Kemi was born in a private hospital in Wimbledon in January 1980. Her parents returned with their newborn daughter, and she was brought up in Nigeria in an affluent suburb of Lagos. After a series of military coups and economic downturns, her family, along with many other middle-class families in Nigeria saw their wealth decline and Kemi was sent to London to study for her A levels.Instead of following her parents into medicine, she chose to pursue Computer Systems Engineering and went to Sussex University. A well-paid career in IT followed and she joined the Conservative Party aged twenty-five where she also met her husband, Hamish. Her first attempt at becoming an MP was in 2010 in Dame Tessa Jowell's former constituency of Dulwich and West Norwood constituency in London. She finished third behind the Labour and Liberal Democrat candidates.In 2017, she was selected for the Saffron Walden seat and became an MP.She lives in London with her husband and three children and divides her time between Westminster and her constituency of North West Essex.DISC ONE: The Story of Tonight - Lin-Manuel Miranda, Okieriete Onaodowan, Daveed Diggs, Original Broadway Cast of Hamilton DISC TWO: Don't Stop 'Til You Get Enough - Michael Jackson DISC THREE: Wonderful World - Sam Cooke DISC FOUR: Be Still - Aled Jones and English Session Orchestra DISC FIVE: Everybody's Free (To Wear Sunscreen) - Baz Luhrmann DISC SIX: Love is All Around - Wet Wet Wet DISC SEVEN: Carry You Home – Alex Warren DISC EIGHT: Dear Theodosia - Leslie Odom Jr., Lin-Manuel Miranda BOOK CHOICE: Vanity Fair by William Makepeace Thackeray LUXURY ITEM: The Marvel Movie Collection with a solar-powered DVD player CASTAWAY'S FAVOURITE: Don't Stop 'Til You Get Enough - Michael Jackson Presenter: Lauren Laverne Producer: Sarah TaylorDesert Island Discs has cast many politicians away to the island over the years including Sir Keir Starmer, Nicola Sturgeon, Sir Vince Cable, Theresa May, Ed Miliband, Boris Johnson and Margaret Thatcher.