Podcasts about usmca

In a world where trade wars and tariffs are making headlines, a leading economist shares his expertise on the complexities of the current situation. This episode delves into the intricacies of the US-Canada trade relationship, the impact of tariffs, and the potential consequences of a trade war. The conversation with E.J. Antony, a renowned economist from the Heritage Foundation, sheds light on the nuances of the current trade landscape. The speaker discusses the differences between a traditional trade war and the current situation with Canada, where the tariffs are more of a skirmish than a full-blown trade war. However, the potential consequences of a prolonged trade war are far-reaching, and the speaker highlights the importance of considering the long-term effects on the economy. The discussion also touches on the use of tariffs as a negotiating tool, the impact of the Iran war on the economy, and the importance of fair trade. The speaker shares his insights on the trade deficit, explaining that it's not necessarily a bad thing if it's financed correctly. He also emphasizes the need for a more thoughtful approach to tariffs, citing the example of the USMCA agreement and the potential consequences of pulling the rug out from under companies that have invested in becoming compliant. If you're interested in understanding the complexities of trade and tariffs, this episode is a must-listen. Join the speaker as he breaks down the key points and shares his expertise on the current trade landscape. Follow Carl Jackson:Facebook: https://www.facebook.com/carljacksonradioX/Twitter: https://twitter.com/carljacksonshowInstagram: https://www.instagram.com/thecarljacksonshowWebsite: http://www.TheCarlJacksonShow.comStore: https://CarlJacksonStore.comSee omnystudio.com/listener for privacy information.

In a world where trade wars and tariffs are making headlines, a leading economist shares his expertise on the complexities of the current situation. This episode delves into the intricacies of the US-Canada trade relationship, the impact of tariffs, and the potential consequences of a trade war. The conversation with E.J. Antony, a renowned economist from the Heritage Foundation, sheds light on the nuances of the current trade landscape. The speaker discusses the differences between a traditional trade war and the current situation with Canada, where the tariffs are more of a skirmish than a full-blown trade war. However, the potential consequences of a prolonged trade war are far-reaching, and the speaker highlights the importance of considering the long-term effects on the economy. The discussion also touches on the use of tariffs as a negotiating tool, the impact of the Iran war on the economy, and the importance of fair trade. The speaker shares his insights on the trade deficit, explaining that it's not necessarily a bad thing if it's financed correctly. He also emphasizes the need for a more thoughtful approach to tariffs, citing the example of the USMCA agreement and the potential consequences of pulling the rug out from under companies that have invested in becoming compliant. If you're interested in understanding the complexities of trade and tariffs, this episode is a must-listen. Join the speaker as he breaks down the key points and shares his expertise on the current trade landscape. Follow Carl Jackson:Facebook: https://www.facebook.com/carljacksonradioX/Twitter: https://twitter.com/carljacksonshowInstagram: https://www.instagram.com/thecarljacksonshowWebsite: http://www.TheCarlJacksonShow.comStore: https://CarlJacksonStore.comSee omnystudio.com/listener for privacy information.

This week, Scott sat down with his Lawfare colleagues Editor in Chief Benjamin Wittes, Public Service Fellow Julia Curlee, and Contributing Editor Alex Zerden to talk through the week's big news in national security, including:“Skynet's the Limit.” A Russian drone guided entirely by onboard artificial intelligence—with no human directing the final strike—appears to have killed three civilians at a gas station in Zaporizhzhia, Ukraine, on July 6, in what experts believe may be the first killings carried out by a fully autonomous Russian weapon. As both armies race toward greater battlefield autonomy—driven in part by electronic warfare that jams the radio links piloted drones rely on—the strike marks a threshold that arms-control experts have long warned about: machines, not people, deciding whom to kill. What do we make of this development, and what does it mean for the laws of war?“Rial Talk.” Earlier this week, Treasury Secretary Scott Bessent unveiled a new round of sanctions on Iran and what he called its “enablers,” branding the campaign “Operation Economic Outcast” and promising an “economic D-Day” aimed at severing every financial lifeline that sustains the regime. The measures target a global network of brokers, shadow-fleet vessels, and firms moving Iranian oil, along with Tehran's access to digital assets, gold, aviation, and shipping—though Bessent conspicuously held back the biggest penalties on some major trading partners like China, favoring “quiet diplomacy” instead. The announcement lands with Iran's currency at record lows and the U.S.-Iran war grinding into its sixth month after a ceasefire window lapsed. Is maximum economic pressure a substitute for military force—and will it actually work?“Sorry, Not Sorry.” Trade talks between Washington and Ottawa collapsed late last week, and at the stroke of midnight on Aug. 21st, President Trump's 50% tariffs on roughly $20 billion in Canadian goods—everything from hockey equipment and furniture to liquor and clothing—took effect. Prime Minister Mark Carney, who blamed the breakdown on last-minute “uneconomic” and “unfair” U.S. demands, vowed to match the tariffs “dollar for dollar” with his own duties on U.S. steel, dairy, appliances, and electronics starting September 8, and went so far as to say Canada is “at war” after being “attacked.” With the future of the USMCA free-trade pact suddenly in doubt, how did two of the world's closest trading partners get here, and where does the escalation go next?In object lessons, Ben is not giving away his shot to call out the Daily Caller on not delivering on its headline. Julia is reminding us of her love of all things Lawfare. Scott reminds us that the world may never be the same after seeing it through the eyes of a poet. And Alex is bobbing his head to his reimagining of Bombs Over Baghdad.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 his Lawfare colleagues Editor in Chief Benjamin Wittes, Public Service Fellow Julia Curlee, and Contributing Editor Alex Zerden to talk through the week's big news in national security, including:“Skynet's the Limit.” A Russian drone guided entirely by onboard artificial intelligence—with no human directing the final strike—appears to have killed three civilians at a gas station in Zaporizhzhia, Ukraine, on July 6, in what experts believe may be the first killings carried out by a fully autonomous Russian weapon. As both armies race toward greater battlefield autonomy—driven in part by electronic warfare that jams the radio links piloted drones rely on—the strike marks a threshold that arms-control experts have long warned about: machines, not people, deciding whom to kill. What do we make of this development, and what does it mean for the laws of war?“Rial Talk.” Earlier this week, Treasury Secretary Scott Bessent unveiled a new round of sanctions on Iran and what he called its “enablers,” branding the campaign “Operation Economic Outcast” and promising an “economic D-Day” aimed at severing every financial lifeline that sustains the regime. The measures target a global network of brokers, shadow-fleet vessels, and firms moving Iranian oil, along with Tehran's access to digital assets, gold, aviation, and shipping—though Bessent conspicuously held back the biggest penalties on some major trading partners like China, favoring “quiet diplomacy” instead. The announcement lands with Iran's currency at record lows and the U.S.-Iran war grinding into its sixth month after a ceasefire window lapsed. Is maximum economic pressure a substitute for military force—and will it actually work?“Sorry, Not Sorry.” Trade talks between Washington and Ottawa collapsed late last week, and at the stroke of midnight on Aug. 21st, President Trump's 50% tariffs on roughly $20 billion in Canadian goods—everything from hockey equipment and furniture to liquor and clothing—took effect. Prime Minister Mark Carney, who blamed the breakdown on last-minute “uneconomic” and “unfair” U.S. demands, vowed to match the tariffs “dollar for dollar” with his own duties on U.S. steel, dairy, appliances, and electronics starting September 8, and went so far as to say Canada is “at war” after being “attacked.” With the future of the USMCA free-trade pact suddenly in doubt, how did two of the world's closest trading partners get here, and where does the escalation go next?In object lessons, Ben is not giving away his shot to call out the Daily Caller on not delivering on its headline. Julia is reminding us of her love of all things Lawfare. Scott reminds us that the world may never be the same after seeing it through the eyes of a poet. And Alex is bobbing his head to his reimagining of Bombs Over Baghdad.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.

The United States imposed 50 percent tariffs on more than 550 categories of Canadian goods on Saturday, under Section 338 of the Tariff Act of 1930. Those tariffs apply even to goods that would otherwise qualify under the USMCA. Energy, potash and certain critical minerals were carved out.On Monday the President announced that tariffs on Canadian cars, trucks, automotive parts and steel will rise to 50 percent on January 1, 2027, double the current rate. Canada has said it will respond dollar for dollar beginning September 8. Ontario Premier Doug Ford has said everything is on the table, including electricity exports and critical minerals.This episode is not primarily about Donald Trump. It is about how a country sitting on oil, natural gas, uranium, potash, nickel, timber, hydroelectricity, critical minerals, farmland and fresh water ended up in a position where one announcement from Washington can put entire industries into crisis.Trump did not create that vulnerability. He found it.Let's connect!- - - - - - - - - - -Buy me a coffee! -Kelsi SherenDO NO HARM? How the Healthcare Industry Legalized Murder.  BUY HERELet's connect!Youtube: YoutubeSubstack:  SubstackRumble -RumbleInstagram -  Instagram

Mike Lomas and Glenn Wiggle open with a look at market stability and the quiet that has followed cuts to organizations they argue were funding street unrest, including commentary on fraud charges tied to Black Lives Matter leadership. The conversation turns to research integrity, with Glenn walking through recent guilty pleas from a vaccine researcher and a former senior advisor to Dr. Fauci, and the hosts arguing that funding structures create incentives to shape findings in both public health and climate science. They discuss the New York Times finally acknowledging the lab leak theory, and press the case for accountability over pandemic school closures and business shutdowns. From there, the hosts critique what they describe as misplaced public sympathy for criminal defendants, citing a viral video and a Texas sentencing case. The back half centers on trade, with clips from Prime Minister Mark Carney's White House meeting prompting a debate over reciprocal tariffs, the shift from NAFTA to USMCA, and the decline of private sector unions. Mike shares a client story about a Lockport manufacturer that grew from ten employees to a hundred after General Motors moved sourcing stateside. The episode closes with Trump's remarks on South Korean defense payments, Treasury action against Iranian money laundering, concerns about federal spending and the national debt, and a lighter Rochester-area story about a children's lemonade stand run by local teachers.00:00:00 Quiet Markets and the Money Behind the Riots00:02:50 Research Fraud and Conflicts of Interest in Science00:04:48 Fauci, COVID Accountability, and Guilty Pleas00:07:53 Lab Leak Origins and the New York Times Op-Ed00:10:33 Misplaced Sympathy, Social Media, and Soft Sentencing00:19:44 Canada Tariffs and the Carney White House Meeting00:23:34 From NAFTA to USMCA and the Decline of Private Unions00:29:04 How Tariffs Grew a Lockport Manufacturer00:33:41 South Korea Defense Payments and Iranian Money Laundering00:42:07 A Rochester Lemonade Stand and a Misspelled Sign

This week we talk about borders, trade wars, and belligerence.We also discuss Trump's tariffs, inflation, and nationalism.Recommended Book: Vulture Capitalism by Grace BlakeleyTranscriptThe US and Canada share the longest international border in the world, totaling more than 5,500 miles, or nearly 8,900 km. The specific details of this border have changed over the decades, but the current delineation was largely in place following the San Juan Islands water arbitration of 1872, which brought a 12-year joint military standoff between the US and Great Britain, known as the Pig War, to an end, and fed into a 1908 legal framework that relied on modern mapping of the entire frontier, which led to the precise cartography of the current international border between the US and Canada.Since then, after some issues with gold rush-era land rights were figured out in Alaska, and some treaties were signed regarding the disarmament of the Great Lakes, things have been pretty calm along this massive border. Trade hasn't always been the most efficient and free—the early 20th century in particular was pretty fraught in this regard, as Anti-Americanism raged through Canada. That led to a dismissal of a proposed lowering of trade barriers by the Canadian Liberal government in 1911, anti-American sentiment flogged by the Conservatives, who rode their slogan, “No truck or trade with the Yankees,” to a Canadian nationalism-powered victory.After the US entered WWI and the Allies tallied a victory, though, the US and Canada exchanged their first ambassadors, Warren Harding became the first US President to make an official visit the confederated Canada, visiting Vancouver in 1923, and things between these two countries were looking pretty good until 1930, when the US passed the Smoot-Hawley Tariff Act, which was a protectionist trade act that, among other things, raised tariffs on incoming Canadian goods in order to protect competing American business interests; making the local offerings artificially more competitive than the stuff coming in from Canada, basically.The Canadian government hit back with their own higher tariffs and shifted more of their trade to other Commonwealth nations, which led to a decrease in trade between the US and Canada of about 75%; and this was happening during the Great Depression, which is why that Act was enacted, the US government was hoping to bolster their own economy, but instead of helping, it furthered those economic difficulties, because of that drop in trade and international custom—Smoot-Hawley is generally considered to have been an incredibly bad economic move, and US President Hoover signed it against the advice of senior economists, because it seemed politically expedient, US businesses were clamoring for advantages because they thought it would help them, but instead it worsened the Great Depression, and this Act is now taught as a cautionary example of why protectionist trade policies, while appealing in a nationalist sense, tend to be pretty bad, almost always, economically.US-Canadian relations improved a bit in the WWII-era, and into the early decades of the Cold War. By the late-1960s, the US had become Canada's largest export market, and that's why Nixon's 1971 decision to enact a 10% tariff on all imports, including those from Canada, hit the Canadian economy so hard. Overall US-Canadian relations soured during Nixon's time in the White House, in part because the Canadian government pivoted toward Europe, rather than kowtowing to the US' economic demands, and Nixon's belligerence in the face of that pivot didn't help matters.When US President Carter stepped into office, however, things improved for a while, and though there were serious bouts of stagflation in both nations through his time in the White House, American investment in Canada increased, and relations continued to be friendly leading into the 1990s, at which point the North American Free Trade Agreement, or NAFTA was signed, in 1994. NAFTA created a common market in North America, between the US, Canada, and Mexico, and that meant the $19 trillion or so in trade between the 470 million people or so living in North America by 2014, would be entirely or almost entirely without barriers, no tariffs or very small, focused tariffs.Though imperfect by many measures, NAFTA is generally considered to have been a major success, at least in terms of raw economic productivity in North America. And in 2020, is was replaced by the USMCA, the United States-Mexico-Canada Agreement, which is often called NAFTA 2.0, which is in many ways just a modernization of NAFTA that updates many of the earlier provisions and focuses more on digital trade and intellectual property than its precursor.In July of 2026, however, the US government announced that it would not be renewing the USMCA, after Canada asked the US and Mexico to renew it for another 16 years. The pact remains in effect until it expires in 2036, though it can also be renegotiated or replaced before that. The US Trump administration pointed at rising trade deficits between the US and both Mexico and Canada as the rationale for not renewing it, and at loopholes in the agreement that allowed other nations, like China, to send car components to Mexico and then essentially get Chinese vehicles into North American markets, benefitting from the agreement despite not being a signatory of it.What I'd like to talk about today is a new trade scuffle between the US and Canadian governments, and what it might mean for the two nations in the coming years if said scuffle becomes a more persistent trade war.—In July of 2026, US President Trump threatened to invoke a provision of the Smoot-Hawley Tariff Act, that Act from 1930, the Great Depression, which was previously unused, to impose additional tariffs on Canada, despite the continued existence of the USMCA trade agreement.Stepping back a bit, in his second administration, Trump has unilaterally imposed all kinds of tariffs on pretty much everybody, arguing that those tariffs would bring in more money and thus allow him to lower taxes on the wealthy and on businesses while still bringing in enough to reduce the federal deficit. This claim wasn't backed by economists and the deficit has continued to increase at a record rate under his administration, but he's continued to try this approach and make these claims, regardless.The Supreme Court eventually stepped in to limit Trump's ability to impose tariffs in early 2026, saying that the Presidency doesn't have the power to create a bunch of tariffs and impose them on everyone, even when he points at the International Emergency Economic Powers Act as justification. That halting of Trump's tariffs seem to have helped temper inflation in the US a bit, but now Trump is now taking another approach to try to accomplish the same, invoking this 1930, Great Depression-era act to try to give himself broad tariff-applying powers, once more, despite that Supreme Court decision.As I mentioned in the intro, the application of Smoot-Hawley tariffs worsened the Great Depression, as the US applied all these tariffs on foreign goods to try to give its own industries an advantage, and that led to counter-tariffs from most of its targets. Within a few years, the people behind those tariffs were booted from office, and the bad taste it left in the US government's mouth is part of what led to the wave of trade liberalization that happened post-WWII—everyone was done with the heavily tariffed trade environment because it kind of sucked for everyone, so free trade was the name of the game for decades.Now at the time, even though the tariffs had a net-negative impact on the US, they didn't exactly crush the US because international trade only made up about 10% of the US economy back then. Today, about 25-27% of US GDP relies on international trade. So still not a majority by any means, and the global average is about 63%, so the US is more capable of undertaking this sort of trade barrier strategy than many other nations, but that's still a pretty substantial chunk of economic activity in the US that's impacted by such efforts.This declaration by Trump that he would be using this old Tariff act to apply new tariffs on Canadian goods arrived after trade negotiations between the US and Canada fell apart, reportedly mere minutes before a deadline, with both sides claiming to the press that the other side attempted to make a last-minute change that was untenable.After Trump announced that additional 50% tariff on certain goods, the Canadian Prime Minister Mark Carney announce that he would be matching those tariffs, dollar for dollar—a move that's likely to hurt Canada more than the US, though many US industries, including those that are already hurting because of resource shortages that have been amplified by Trump's war with Iran and the consequent shut-down of the Strait of Hormuz, not to mention all the uncertainties that have arisen because of his other tariff threats, those industries and businesses will suffer more than most; the US auto industry, for instance, relies on goods that pass back and forth across the Canadian border several times before eventually ending up in US-made automobiles. The US construction industry is likewise reliant on Canadian lumber products.It seems like Canada has generally tried to work with the US government to come to a mutually beneficial and appealing compromise, but when that happens, the US then pushes for more, then blames Canada for fighting back when the US attempts to punish them for not just giving in. And this is something the Trump administration, and Trump himself, have become fairly notorious for, so it's a decent assumption, even though we don't know all the details here, yet, that this is what happened in this case, too.And as a result, it sounds like the US will apply 50% tariffs on about $20 billion worth of Canadian goods coming into the US, including things like honey, seeds, and agricultural products, and some types of furniture, clothing, and fabric.About 72% of all Canadian exports went to the US in 2025, and many of those exports, the ones to which this new tariff will be applied, will now be more expensive, because these costs are almost always passed on to the end-consumer, not just eaten by the business, which in some cases wouldn't be able to afford to eat those higher costs and stay in business. This is part of why these sorts of tariffs often increase inflation rates.Both sides of this conflict have publicly committed to not back down, and there's political hay to be made in sticking with that sentiment; the US is not terribly popular in Canada, or in many allied countries, right now, due to the antagonistic stance the Trump administration has taken toward those relations, so the Canadian government might actually benefit from taking a hard line against the US, here. Likewise, Trump's supporters might rally around his bullying of a neighboring nation, especially if the administration can successfully frame this as an effort to reduce the deficit or support US businesses, protecting them from foreign competitors are are unfairly competing.There's still a fair bit of fog of war on all of this, and we'll know a lot more within the next few weeks, both in terms of the details of what happened, and in terms of what's likely to happen next. Right now, though, it would seem that we could be headed for a new trade war between two of the world's most deeply intertwined wealthy economies, and that could lead to a lot of global economic disruptions as some of that trade is rerouted, and as inflation continues to spiral.Show Noteshttps://apnews.com/article/trump-tariffs-canada-us-trade-war-293908564c7a381ea58a61db6e9a8517https://apnews.com/article/canada-us-trade-tariffs-trump-857ef76b20a766e370d70176135b678ehttps://apnews.com/article/canada-us-trade-war-trump-carney-tariffs-4d18583fe52134ca8550652ad9772d2chttps://www.nytimes.com/2026/08/22/business/economy-trade-war-us-canada.htmlhttps://www.axios.com/2026/02/20/trump-tariffs-supreme-court-illegalhttps://access.heinonline.com/HOL/LandingPagehttps://en.wikipedia.org/wiki/North_American_Free_Trade_Agreementdoi.org/10.1017%2FS0022050700019549https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Acthttps://en.wikipedia.org/wiki/Canada%E2%80%93United_States_trade_relationshttps://www.axios.com/2026/08/22/us-canada-tariffs-trade-trump-carneyhttps://www.npr.org/2026/08/22/nx-s1-5941584/us-canada-tariffshttps://apnews.com/article/canada-us-trade-tariffs-trump-857ef76b20a766e370d70176135b678ehttps://www.bbc.com/news/articles/cvgvyy4x2mvohttps://www.nytimes.com/2026/08/22/world/canada/carney-trump-canada-tariffs.html This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

President Trump holds off taxing more imports, including hockey sticks and building materials, saying an agreement is near. But what about his USMCA trade deal? Plus, he extends a Jones Act waiver, letting U.S. fuel be shipped freely to California. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we kick things off with an alarming wave of high-tech cargo theft that's costing the freight industry a staggering fortune. Cargo thieves have stolen nearly $111 million in data center freight since early June, with individual cases ranging from $2 million to a jaw-dropping $38 million. In a disturbing new tactic, criminals deliberately crashed into security escorts protecting high-value technology shipments, then continued driving with the loads in what experts call the "bump-and-run" method. Next, we discuss a massive fraud case unfolding in Georgia where the FBI is urgently seeking truck drivers nationwide who may be victims in a 54-count tax fraud indictment. Federal prosecutors charged 62-year-old Diane Marie Poe, owner of Genuine Financial Services in Walton County, with 32 counts of bank fraud and 14 payroll-related tax offenses. Prosecutors accuse Poe of keeping money that customers provided for estimated tax obligations instead of delivering promised services, with at least 26 identified clients working as self-employed truck drivers who relied on her company for bookkeeping and tax preparation. Finally, we head south to examine how Mexico's heavy-duty truck production surged 51.8% in July as tariff tensions continue to simmer. Mexico's National Association of Bus, Truck and Tractor-Trailer Producers reported that manufacturers produced 14,675 heavy-duty vehicles during July, while exports climbed 66.7% year over year to 13,117 units. With a staggering 92.4% of Mexico's truck and bus exports through July shipped to the United States, ANPACT officials are urging policymakers to preserve the USMCA's core principles and renewing their call for changes to Section 232 tariffs. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

*Texas corn harvest is moving forward, but the condition of the crop is going down.   *Farmer sentiment improved in July.  *The Texas Animal Health Commission published a list of certified screwworm inspectors.   *Capitol Hill has long been a tough place for agricultural advocacy.  *Beef export values were up in June.  *The USMCA review continues.  *Alfalfa fields are an oasis in the West Texas desert landscape.  *Elastic resistance band training is used on horses.  

A.M. Edition for Aug. 13. A Journal investigation finds that thousands of North Korean operatives have landed jobs at American companies and are funneling millions of dollars back to the regime. Plus, big businesses like Apple and FedEx start reeling in hundreds of millions in tariff refunds. And the WSJ's Stu Woo details how American chatbots are towing Beijing's party line. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With 300 truckloads of vegetables crossing the border daily, Richard Lee, executive director of the Ontario Greenhouse Vegetable Growers, outlines why protecting stable access to U.S. consumers directly supports affordable, year-round produce for Canadians.See omnystudio.com/listener for privacy information.

Soybeans and wheat led the grains lower Tuesday as traders squared up positions ahead of Wednesday's August WASDE report, while corn held within a penny and cattle and hogs finished mixed. Jacob Burks of AgMarket.net joins Jesse to recap the trade — from the corn yield debate (188 last year vs. an expected ~182 this year) and a wet August forecast weighing on beans, to China's soybean purchase pace ahead of a proposed Trump-Xi meeting, Kansas' smallest winter wheat harvest in nearly 70 years, sluggish pork exports, and a cattle market that feels like it wants to go lower. Also in Segment Two, we talk more broadly about the economy, inflation, USMCA and more with Ben Johnston, COO of Kapitus. He joins us for a big picture look at the overall economy and what it means for agriculture on today's show.

This week's Open Mic guest is Colin Woodall, CEO of the National Cattlemen's Beef Association. While cattle producers have seen excellent financial returns over the past several months, producers face the challenge of maintaining an infrastructure equipped for industry growth. Woodall says herd health is a primary concern for producers, and his group supports USDA efforts to protect the U.S. herd from New World screwworm. He also discusses USMCA, ag labor needs, and MCOOL in the Senate Ag Committee's farm bill draft.

Guest Alejandro Martinez, National Food and Consumer Union, joins to discuss ongoing US and Mexico relations. Discussion of the USMCA, trade between the two nations, battling cartels, ,and building up the workforce in the nation.  Guest Drew Allen, Drew Allen Show Podcast, joins to discuss upcoming midterm season. Discussion of radicalism in the democrat party, lack of GOP voter engagement, and predictions for midterms. Breaking news of former NBA star announcing becoming a prospect for WNBA draft. 

In this episode, Founder and Chief Trade Strategist of TradeMoves LLC, Shawn Jarosz, joins the podcast to share the newest tariff updates and what they mean for the packaging and processing industry. From evolving U.S. trade policy and USMCA negotiations to the latest developments with Canada and China, she explains what manufacturers should expect and how PMMI is helping the industry navigate a rapidly changing trade landscape.See more innovation in packaging and processing at PACK EXPO International than anywhere else! It's the show that defines where the industry is headed, with the solutions that define where your business can go. Discover state-of-the-art packaging technology, processing equipment, new materials, sustainable solutions, supply chain resources and more. You'll walk away with innovative solutions to challenges, big and small. Register at packexpointernational.com.Register for PACK EXPO International today!

How will USMCA's annual review cycles impact Mexico and Canada. Todd Martinez and Josh Grundleger join Shelly Shetty to explore key pressure points, sticking points on autos, and what a good deal looks like. Part two of two.

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It's EV News Briefly for Friday 31 July 2026, everything you need to know in less than 5 minutes if you haven't got time for the full show.Patreon supporters fund this show, get the episodes ad free, as soon as they're ready and are part of the EV News Daily Community. You can be like them by clicking here: https://www.patreon.com/EVNewsDailyMERCEDES LAUNCHES ELECTRIC GLA FIRSTMercedes unveiled the all-electric GLA in Warsaw, breaking from its usual pattern by launching three battery-electric versions first in November, with hybrids following in early 2027. Built on the 800-volt MMA platform, the GLA offers up to 657 km WLTP range, 320 kW charging, and starts at €48,599 as Mercedes' cheapest electric SUV.FERRARI LUCE BEATS 2026 SALES TARGETFerrari's electric Luce hit its 2026 sales target of nearly 500 units within two months of its May launch, despite public backlash, an 8% share price drop, and the departure of marketing chief Enrico Galliera. Demand proved strongest in China, where its 88-unit allocation sold out at roughly $589,000, with Ferrari targeting 2,500 total Luce sales by 2030.RENAULT PROFITS BEAT ON EVS AND CUTSRenault posted a 5.2% operating margin and 9.5% revenue growth in the first half of 2026, beating forecasts through cost cuts and a stronger EV lineup, outperforming Audi and Mercedes-Benz margins for the period. CEO Francois Provost is pushing cheaper EVs like the €19,490 Twingo and €25,000 R5 to defend market share against BYD, Opel and Citroën, while targeting €400 in annual per-vehicle cost savings.WALMART BUILDS OUT US FAST CHARGINGWalmart has opened about 46 high-speed public charging stations with 380 cords across roughly 326 of its 4,600 US stores, ranking second only to Tesla in network expansion during the second quarter. The retailer is leaning on its vast footprint—90% of Americans live within 10 miles of a store—to combine charging dwell time with shopping, potentially lifting store sales by about 5%.CANADA'S FAST CHARGERS OUTPACE DEMANDCanada's DC fast-charger utilization fell to just 9.5% in Q2 2026, down from 11.3% in Q1 and well below the 15-20% operators typically need to break even, trailing the US average of 15.8%. Paren's data, covering nearly 10,000 ports, shows profitability is highly site-specific, prompting calls for demand-led charger siting and better reliability.FORMER VW ENGINEERS CHARGED OVER RIVIAN DEAL TRADESProsecutors charged former Volkswagen engineers Michael Stamp and Michael Plank with insider trading ahead of VW's $5 billion Rivian joint venture announcement in June 2024, which sent Rivian shares up 23%. Stamp allegedly made $250,000 and Plank $50,000, with Plank also accused of tipping a family member who made $12,000, while incriminating searches about insider trading laws feature in the case.IONIQ 3 OPENS UK AND EUROPE ORDERSHyundai's new IONIQ 3 electric hatchback has drawn more customer interest than any previous Hyundai launch, debuting at Goodwood with UK pricing expected under £25,000 and offering up to 308 miles of range from a 61 kWh battery. Built on the E-GMP platform for the European market, the compact IONIQ 3 is not planned for a US launch.KIA COMMITS $649 MILLION TO MEXICO EVSKia will invest $649 million in its Pesquería, Mexico plant to begin producing the EV3 compact SUV starting August 4, marking its first EV production in the country. The move, tied to Mexico's Plan México initiative, is expected to create 500 jobs this year and 1,500 by 2030, while helping Kia navigate USMCA trade rules and tariffs.V2G COULD DWARF MANAGED CHARGING VALUEA General Motors-commissioned E3 study found vehicle-to-grid technology could deliver five to 15 times more value per EV than one-way managed charging, totaling roughly $7 billion nationwide by 2030, with the strongest returns in California, ERCOT, and the Pacific Northwest. GM already has 250,000 bidirectional-capable vehicles on the road and is pushing utilities to speed up V2G tariffs and approvals, including a plan to use 52,000 vehicles to balance PG&E's grid by 2030.SC01 SET FOR UK ARRIVAL IN 2027Small Sports Car Company will bring its China-built SC01 lightweight electric sportscar to the UK, featuring 429 bhp, a 1,365 kg curb weight, a 2.9-second 0-62 mph time, and a 500 km CLTC range. UK demonstration cars arrive in Q4 2026, with right-hand-drive customer cars following from April 2027, though pricing has not yet been announced.

With election day 2026 just over three months away, lawmakers in Washington are facing the end of the runway for passing legislation they can take home to their districts before November. Farm state legislators in particular would like to finally have a completed Farm Bill to show for their efforts over the last 18 months, but the possibility of passing farm legislation in both houses and getting it to the President's desk in time is growing more unlikely with each passing day. And yet, hope springs eternal, and we have our very own, brand new DTN Ag Policy Editor Jake Zajkowski bringing us the latest on the efforts in D.C. He's here to tell us about current Farm Bill work and what to expect in the weeks ahead, but he'll also give us an update about the ongoing USDA reorganization, and how it might go on to impact farmers as harvest approaches. He'll then talk to us about the current trade picture, from USMCA reauthorization to the latest tariff announcement, and clue us in to happenings around farm aid, labor, and MAHA. We'll wrap up with a look ahead at what the outcome of the November midterms could mean for ag policy in the lame duck session. This episode was recorded on July 31, 2026. See DTN newsroom's coverage on the Senate farm bill markup on dtnpf.com. 

A year of making international trade make sense—one Taylor Swift song at a time. Host: Cindy Allen Published: July 31, 2026 Length: ~16:19 Presented by: Global Training Center Summary One year ago, Cindy's Version debuted with a simple mission: make international trade news easier to understand—one Taylor Swift song at a time. In this anniversary episode, Cindy celebrates the milestone while tackling another week packed with major developments impacting importers, customs brokers, and global supply chains. Using Taylor Swift's "...Ready For It?" as the theme, Cindy explores the latest discussions surrounding de minimis changes, duty enforcement, USMCA negotiations, new pharmaceutical Section 232 tariffs, and CBP's continued focus on trade enforcement. More importantly, she explains why companies should stop reacting to trade actions and instead prepare for them through proactive planning. The episode's biggest takeaway isn't tied to any single tariff announcement. It's about building an organizational playbook that brings together compliance, finance, legal, procurement, sales, and executive leadership before the next trade action arrives. With regulatory changes becoming more frequent and enforcement continuing to increase, preparation has become one of the most valuable competitive advantages a company can have. Whether you're an importer, customs broker, compliance professional, or executive responsible for global supply chains, this anniversary episode offers practical guidance for staying ready in today's constantly evolving trade environment. This Week in Trade • CBP receives extensive feedback on proposed de minimis changes and postal parity concerns. • CBP announces more than $1 billion recovered through Enforce and Protect Act (EAPA) duty evasion investigations. • USMCA negotiations continue amid reported disagreements surrounding Sections 232 and 301 tariffs. • New Section 232 requirements for patented pharmaceuticals introduce additional reporting responsibilities for importers and customs brokers. Main Topic / Discussion International trade has entered an era where regulatory changes occur regularly rather than occasionally. Cindy explains why companies should move beyond reacting to each announcement and instead establish a repeatable response process. Rather than focusing solely on individual tariff actions, organizations should develop a cross-functional trade playbook that identifies affected products, evaluates financial exposure, assesses contractual obligations, communicates with suppliers and customers, and enables leadership to make informed decisions quickly. Preparation—not prediction—is becoming the defining characteristic of successful trade compliance programs. Key Takeaways • Trade enforcement continues to accelerate, making strong compliance programs more valuable than ever. • High-quality supply chain data is essential for responding quickly to new trade actions. • Cross-functional planning involving finance, legal, procurement, sales, and compliance should be documented before regulatory changes occur. • Companies that develop repeatable trade response playbooks will be better positioned to navigate future tariffs and enforcement actions. Resources & Mentions • Global Training Center — https://www.globaltrainingcenter.com?utm_source=SimplyTradePodcast • Trade Force Multiplier - https://www.linkedin.com/company/trade-force-multiplier-llc/?utm_source=SimplyTradePodcast • Consumer Product Safety Commission (CPSC) • USMCA • Section 232 Tariffs • Enforce and Protect Act (EAPA) Credits Host Cindy Allen https://www.linkedin.com/in/cindy-allen-a3188210/ Guest(s) N/A Producer Lalo Solorzano https://www.linkedin.com/in/lalosolorzano/?utm_source=SimplyTradePodcast

This week, host Lane Nordlund sits down with National Potato Council Vice President of Legislative Affairs Dean Gibson and NPC CEO Kam Quarles to analyze pressing issues facing U.S. potato growers as July 2026 comes to a close. The group reviews current growing conditions in Idaho and across the West, examining how hot summer weather, wildfire smoke, and tightening water supplies impact local operations. Kam and Dean recap the successful NPC Summer Meeting in Detroit, held jointly with Potatoes USA, and outline critical policy discussions underway in Washington, D.C. The conversation covers key federal topics, including the upcoming Senate Farm Bill markup, specialty crop economic relief, USMCA trade protections, and agricultural labor reform. Key Highlights:2026 Crop and Harvest Outlook: Dean shares updates on western growing conditions, regional water scarcity, and the start of the 2026 crop harvest. Detroit Summer Meeting Recap: They reflect on strong industry turnout, collaboration with Potatoes USA, and key business discussions in Motor City. Senate Farm Bill Developments: Kam analyzes the path forward for a bipartisan Farm Bill, contrasting agricultural production spending with federal nutrition programs. Specialty Crop Relief: The panel addresses rising input costs, depressed commodity returns, and the ongoing push for targeted federal disaster and economic assistance. Trade and Labor Priorities: Kam and Dean discuss the upcoming review of the U.S.-Mexico-Canada Agreement (USMCA) and advocate for practical labor solutions for farm operations and packing sheds. 

What the USMCA's move to annual review cycles means for North America. Todd Martinez and Josh Grundleger join Shelly Shetty to unpack what changed on July 1st, Fitch's baseline scenario, and the risks ahead. Part one of two.

Evan Ellis notes President Claudia Sheinbaum has seen success in reducing homicides and cooperating on border security, but deep-seated corruption persists. The USMCA's future is uncertain, with the Trump administration using ongoing negotiations as leverage. Additionally, China is quietly expanding its presence in Mexico's telecom and automotive sectors. Sheinbaum must navigate a delicate balance: pursuing economic diversification and relationships with China without jeopardizing critical access to the US market. (8)1930 TOKYO

SCHEDULE FOR THE JOHN BATCHELOR SHOW, 7-29-26.1885  CHILE STEEL SIDED WARSHIPRebecca Grant and Gordon Chang report China is escalating provocations against the Philippines and Japan, including dangerous maneuvers near Second Thomas Shoal and firing missiles from submarines. Grant highlights the US Navy's preparedness to defend allies, noting a "red line" if Filipino sailors are killed. Despite China's permanent presence, the US maintains dominance through carrier strike groups and superior undersea warfare. The lack of operational officers on China's Central Military Commission suggests potential command risks. (1)Rick Fisher and Gordon Chang discuss reports that China is transferring hundreds of advanced QW-12 and FN-16 man-portable air-defense systems (MANPADS) to Iran via Hong Kong intermediaries. Fisher warns this poses a significant threat to US aircraft in the Strait of Hormuz. Chang advocates for reimposing sanctions on Hong Kong. The transfer, which China denies, represents a major escalation and highlights China's ongoing role in arming US adversaries like North Korea and Pakistan. (2)Charles Burton and Gordon Chang note Xi Jinping broke tradition by skipping the 50th anniversary of the devastating Tangshan earthquake, sending a surrogate instead. Burton suggests this absence may signal political instability or paranoia regarding his domestic standing. The earthquake historically symbolizes a loss of the "mandate of heaven." Furthermore, vacancies on the Central Military Commission and the mysterious death of former Premier Li Keqiangindicate profound internal disarray and a lack of clear succession. (3)Charles Burton and Gordon Chang discuss how trade tensions and rhetoric from the US have led to increased disdain among Canadians toward their neighbor. Burton discusses a poll showing Canadians view China more favorably than the US due to perceived economic threats from American tariffs. While the integrated North American market remains strong, Canadian provincial governments are reportedly restricting US alcohol sales. There are even suggestions that Canada should adopt "resistance" strategies similar to Ukraine. (4)Evan Ellis reports Keiko Fujimori has been inaugurated as Peru's president, appointing a respected center-right cabinet focused on fiscal discipline and US alignment. However, she faces challenges from endemic insecurity, corruption, and significant Chinese investment. Meanwhile, the influence of Cuba remains a concern across Latin America, with accusations of espionage and interference in democratic processes. Díaz-Canel's regime is under pressure from the Trump administration, potentially facing coercive negotiations or military action. (5)Evan Ellis previews Brazil's upcoming October election, which pits the leftist Lula da Silva against Flavio Bolsonaro, son of the former president. While Lula currently leads in polls, his Workers' Party background and ties to the São Paulo Forum raise concerns about radicalism and increased engagement with China. Ellis warns that a Lula victory could lead Brazil into a recession and a state-centric social policy, potentially settling political scores while lacking necessary financial resources. (6)Evan Ellis surveys shifting political landscapes: Javier Milei is rallying support for the Bolsonaros in Brazil, highlighting a new era of cross-border political interference. In Colombia, President-elect Abelardo de la Espriella is signaling a pro-US shift by cutting ties with Cuba and Nicaragua. Conversely, Venezuela remains in a "holding pattern" under Delcy Rodríguez. Despite reports of crumbling oil infrastructure, major investment is unlikely until a legitimate government is established to address the nation's $240 billion debt. (7)Evan Ellis notes President Claudia Sheinbaum has seen success in reducing homicides and cooperating on border security, but deep-seated corruption persists. The USMCA's future is uncertain, with the Trump administration using ongoing negotiations as leverage. Additionally, China is quietly expanding its presence in Mexico's telecom and automotive sectors. Sheinbaum must navigate a delicate balance: pursuing economic diversification and relationships with China without jeopardizing critical access to the US market. (8)Michael Bernstam reports Ukrainian drone strikes on Russian refineries have severely pinched Moscow's fuel production, forcing it to import refined products from India. Bernstam argues that the conflicts in Ukraine and the Middle East have merged into a singular global energy crisis. With critical chokepoints like the Strait of Hormuz and the Red Sea threatened, a quarter of the world's oil supply is endangered. As governmental reserves dwindle, the US has become a primary exporter. (9)Michael Bernstam notes official statistics reveal the Russian economy has entered a state of stagnation, with GDP growth at a mere 0.2% for the first half of 2026. While weapons production remains high, the civilian economy—including agriculture and construction—is in recession. Bernstam notes that "perceived inflation" for Russian consumers is roughly 15%, significantly higher than official reports. Reckless interest rate cuts have further invited inflation, signaling a deepening commercial and fiscal crisis. (10)Sadanand Dhume observes that despite having a vast pool of engineers and data, India lags behind the US and China in developing frontier AI models. Dhume discusses the "winner-take-all" fear versus the belief that AI technology will eventually diffuse globally. While the Indian government is investing in semiconductors, many IT sector jobs in coding and back-office support are threatened by automation. The debate continues over whether India can successfully reap benefits without being a front-runner. (11)Sadanand Dhume examines India's "reservations" system, a rigid quota-based affirmative action program facing intense criticism for undermining university competitiveness. Originally intended to redress historical caste-based wrongs, quotas have expanded to cover roughly 60% of medical school seats. Dhume notes that while merit-based systems in Chinaprovide a brutal but efficient benchmark, Indian political parties fear touching the quota system would be "electoral suicide." This policy has entrenched caste identities. (12)General Blaine Holt analyzes reports of China supplying advanced shoulder-launched missiles (MANPADS) to Iran via Hong Kong and Pakistan, signaling a major geopolitical shift. Holt explains that while these weapons threaten low-flying aircraft, the supply chain is vulnerable to intelligence interdiction. Holt observes that recent Iranian escalations in Iraq and the Gulf suggest a fragmented leadership in disarray rather than a cohesive strategy. The US and Saudi Arabiaare actively striking Iranian-backed militias. (13)Mary Anastasia O'Grady reports that following a narrow election victory, center-right businessman Abelardo de la Espriella faces fierce opposition from outgoing President Gustavo Petro. Petro, a former M19 terrorist, has refused to recognize the results, alleging fraud and foreign interference. De la Espriella plans to take a hard line against illegal armed groups like the ELN and FARC. To build support, he intends to hold his inauguration at a military garrison, signaling a commitment to restoring national security. (14)Bob Zimmerman reports SpaceX's 13th Starship Super Heavy launch was a major success, demonstrating the reliability of Raptor 3 engines and the thermal protection system. Zimmerman highlights the shift toward a "capitalism model," where private companies manage missions for NASA. Meanwhile, a schizophrenic GAO report on NASA's workforce reductions suggests that budget cuts have not significantly impacted major projects, despite agency officials' claims that funding decreases are "disastrous." (15)Bob Zimmerman notes the Deep Space Network facility in Spain narrowly avoided destruction by wildfires, highlighting the fragility of planetary communication nodes. Beyond Earth, astronomers have observed a precipitous drop in star formation within the Andromeda galaxy as it moves toward an eventual collision with the Milky Way. Additionally, NASA's Dragonfly mission to Titan faces potential power shortages from its nuclear sources. Despite these risks, commercial space continues to expand into private stations. (16)Corrections applied: Rick Fisher (transcribed as "Fischer" in segment 2 — matching the spelling from your earlier batch), Delcy Rodríguez, Díaz-Canel, and São Paulo Forum with accents. Also standardized "man-pads" to MANPADS and hyphenated the QW-12/FN-16 designations. Stray double commas from the source cleaned throughout.5

As foreign leaders criticize the Trump administration's latest wave of tariffs targeting 60 economies, questions remain over their economic impact and potential pushback on Capitol Hill. U.S. Trade Representative Jamieson Greer explains how Section 301 authority is being used to combat forced labor practices, level the playing field for American workers, and navigate USMCA talks with Mexico.  Plus, Ambassador Greer weighs in on the Federal Reserve's upcoming rate decision, manufacturing job trends, and what new trade investigations could mean for future tariffs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Steve Dennis and Michael LeBlanc open episode 308 with a check on Steve's number one prediction for 2026 — uncertainty reigns supreme — and it's holding up. The flat 10% global tariff is gone, replaced by a 10–12.5% range on nearly all U.S. imports, with steeper rates for Canada and Brazil. The new forced-labor justification behind the increases strikes Steve and Michael as ridiculous and unlikely to survive a court challenge. The retail numbers look better than the tariff logic. June retail sales rose 5.7% year over year, led by sporting goods (a World Cup bump) and electronics. Grocery managed just 1%. Steve walks through why: dollars flat, units falling, prices 33% above pre-COVID levels, food bank use climbing on both sides of the border. Albertsons is the clearest case — sales nearly flat, guidance cut, stock down 20% in a day. Then, recorded live in the pop-up studio at the CommerceNext Growth Show in New York, Ulta Beauty Chief Retail Officer Amiee Bayer-Thomas argues stores are queen. Thirty years into a career she calls a lattice rather than a ladder — seven roles at Ulta alone, including chief supply chain officer through 2020 — she now owns everything from site selection and store design to services, asset protection, eventing, and the omni guest journey. Stores, she says, are experiential hubs delivering "beautytainment" through 60,000 associates across 1,500 locations. The numbers: 47 million loyalty members, 95% of whom shopped in-store last year. A NielsenIQ study of Gen Alpha found the most AI-engaged shoppers still pick stores over apps, 57% versus 36%. Amiee's take on AI: it's an "and," not an "or." Technology can flag a replenishment; only an associate reads the confusion on a guest's face in the skincare aisle. Omni guests visit and spend three times more. She previews a Times Square flagship alongside outlet and small-format stores, plus an eventing calendar headed toward 140,000 events this year. In the news, Wayfair is expanding its store footprint. Shein is heading toward a Hong Kong listing at roughly half its 2022 valuation. Also on the radar: fuel costs rising again as back-to-school and holiday approach, and U.S. population growth of 0.25% turning retail into a fight over share. About UsSteve Dennis is a strategic advisor and keynote speaker focused on growth and innovation, who has also been named one of the world's top retail influencers. He is the bestselling author of two books: Leaders Leap: Transforming Your Company at the Speed of Disruption and Remarkable Retail: How To Win & Keep Customers in the Age of Disruption. Steve regularly shares his insights in his role as a Forbes senior retail contributor and on social media.Michael LeBlanc is a senior retail advisor, keynote speaker and media entrepreneur. Michael has delivered keynotes, hosted fire-side discussions hosted senior retail executive on-stage in 1:1 interviews worldwide. Michael produces and hosts a network of leading retail trade podcasts, including The Remarkable Retail Podcast, The Voice of Retail, The Food Professor, The FEED powered by Loblaw and the Global eCommerce Leaders podcast. He has been recognized by the NRF as a global Top Retail Voice for 2025 and 2026 and continues to be a ReThink Retail Top Retail Expert for the fifth year in a row.

Evan Ellis examines Mexico's economy, increasingly integrated into the American market and moving beyond oil into diverse manufacturing sectors. Despite Trump administration objections to the USMCA, the treaty includes provisions requiring a ten-year exit process. Current negotiations reflect tensions over Chinese inputs, automotive tariffs, and labor standards. President Claudia Sheinbaum manages these diplomatic challenges while cooperating with the US on extradition, drug lab seizures, and stemming illegal immigration through Mexican territory. (1)1900 MEXICO

SCHEDULE FOR THE JBS, 7-23-20261950 ONTARIO WILDFIREEvan Ellis examines Mexico's economy, increasingly integrated into the American market and moving beyond oil into diverse manufacturing sectors. Despite Trump administration objections to the USMCA, the treaty includes provisions requiring a ten-year exit process. Current negotiations reflect tensions over Chinese inputs, automotive tariffs, and labor standards. President Claudia Sheinbaum manages these diplomatic challenges while cooperating with the US on extradition, drug lab seizures, and stemming illegal immigration through Mexican territory. (1)Evan Ellis reports Cuba faces a severe humanitarian crisis with failing electricity, yet the communist regime maintains tight control. A recent State Department report labels Cuba the "capital of 21st-century communism," citing its subversion of Latin American democracies and involvement in left-wing political terrorism. Meanwhile, in Nicaragua, Daniel Ortega and Rosario Murillo have officially abolished future elections, claiming the opposition seeks to "capture power" through voting. This moves the country toward becoming a "hermit kingdom." (2)Evan Ellis notes former Honduran President Juan Orlando Hernández returned to Honduras following a pardon by President Trump, despite previous US convictions for cocaine trafficking. In Venezuela, the US has collected over $13 billion in oil revenue, yet economic recovery remains muted following recent earthquakes. The lack of transparency regarding these funds raises concerns about their management under the Rodríguez regime. Simultaneously, Colombia's new leader faces the challenge of dismantling entrenched cocaine cartels. (3)Evan Ellis surveys Brazil's high-stakes election, with Lula da Silva currently leading Flavio Bolsonaro in polling. New 25% US tariffs threaten nearly 26% of Brazil's exports, totaling $15 billion in goods. Tensions rise as the Supreme Courtblocks high-profile visitors like Argentina's Javier Milei from meeting the elder Bolsonaro. Many Brazilians believe the elder Bolsonaro's influence triggered these punitive trade measures, while the military remains the largest force in South America. (4)Kaitlyn Tiffany recounts how, following JFK's assassination, Lyndon Johnson convened the Warren Commission to consolidate intelligence from the FBI, CIA, and Dallas police. The commission included controversial figures like Allen Dulles and Gerald Ford, the latter of whom clandestinely back-channeled with the FBI. Chief Justice Earl Warren was reluctant to serve, fearing the political nature of the committee and its impact on the American image. Critically, the commission lacked its own independent investigative staff. (5)Kaitlyn Tiffany describes how FBI Director J. Edgar Hoover quickly established the "lone gunman" theory, asserting Lee Harvey Oswald fired three shots from the Texas School Book Depository. However, Shirley Martin, a grieving Oklahoma housewife, began independently investigating the case and badgering the FBI with tips. Her relentless correspondence frustrated Hoover, who viewed her as a nuisance to the bureau's formal investigation. Martin interviewed overlooked witnesses in Dallas and became a key critic of the official narrative. (6)Kaitlyn Tiffany profiles Sylvia Meagher, a World Health Organization secretary who became obsessed with the disorganization of the Warren Commission's evidence. Drawing on professional experience, she created a comprehensive index for the commission's twenty-six volumes of supplementary materials. Meagher was particularly suspicious of Dallas security lapses, having witnessed heads of state protected at the UN. She joined other women, including wealthy soprano Maggie Field, in scrutinizing photographic evidence and government claims. (7)Kaitlyn Tiffany describes the 1965 gathering of independent researchers known as "warologists" at Sylvia Meagher's apartment to discuss missing pieces of the JFK investigation. While they allied with lawyer Mark Lane, they grew frustrated with his territorial and inaccurate behavior. The group was also wary of Marguerite Oswald, who insisted on her son's innocence but was demanding and unpredictable. They focused on inconsistencies in eyewitness testimony and the implausible "magic bullet" theory. (8)Kaitlyn Tiffany notes that by 1966, the media labeled these researchers as "housewives" to dismiss their work, describing them as a "keening pack of speculators." Central to their dissent was the "magic bullet" theory, which claimed a single pristine projectile caused multiple wounds in both JFK and Governor Connally. Dissenters highlighted the bullet's lack of deformation and the FBI's initial reports of a non-exiting back wound. They also investigated the Grassy Knoll for additional shooters. (9)Kaitlyn Tiffany recounts District Attorney Jim Garrison's 1967 high-profile investigation into a New Orleans-based conspiracy to kill the president. He targeted Clay Shaw, alleging a mysterious, powerful figure orchestrated the plot. While some researchers supported Garrison for his willingness to investigate, others like Sylvia Meagher felt he was reckless with facts and self-serving. The investigation ultimately failed with a not-guilty verdict, causing a permanent rift within the community of critics. (10)Kaitlyn Tiffany relates how personal tragedy struck Shirley Martin when her daughter died in a car accident, effectively ending her research. In 1977, the House Select Committee on Assassinations reopened the case, initially concluding a fourth shot from the Grassy Knoll indicated a "probable conspiracy." This finding was based on a police motorcycle radio recording analyzed by scientists. However, later analysis revealed the recording was made after the shooting, causing the conspiracy evidence to crumble. (11)Kaitlyn Tiffany tours modern-day Dallas, a strange mix of somber memorials and pop-culture commercialization of the assassination. Visitors can tour Ruth Paine's house or the rooming house where Oswald lived, which plays As the World Turns on a loop. While some local businesses sell "magic bullet coffee," the Sixth Floor Museum provides a staged look at the sniper's perch. Extensive archives of the critics' work are preserved at Hood College and the Mary Ferrell Foundation. (12)Anatol Lieven warns the wars in Ukraine and the Middle East are converging into a global energy crisis, with refined oil products like diesel in short supply. Ukrainian drone attacks have severely damaged Russia's refining capacity, while US refineries struggle to keep pace. Leadership instability in Kyiv, including the dismissal of the defense minister, further complicates the war effort. Meanwhile, Houthi threats against Saudi tankers jeopardize the world's ability to secure reliable oil exports. (13)Anatol Lieven assesses new British Prime Minister Andy Burnham, who faces a country demanding increased spending on health, prisons, and defense despite rising debt costs. While popular for his management of Manchester's transport system, he must navigate radical tax proposals targeting millionaires to raise revenue. Burnham is under pressure to resolve the "net zero" debate and potentially expand North Sea fracking to lower energy prices. He remains wary of reopening the divisive Brexit debate. (14)Anatoly Zak recounts the July 1976 Soviet launch of the Salyut 5 mission, a secret military reconnaissance project camouflaged as civilian research. The mission, dubbed the "Keystone Cosmonauts," was plagued by accidents, including a truck blocking a fuel train and a failed automated docking system. Onboard, the crew faced extreme stress, power failures, and a mysterious illness that incapacitated one cosmonaut. These failures forced an emergency landing and a premature end to the expedition. (15)Anatoly Zak reports Roscosmos is currently developing the Russian Orbital Station (ROS) to replace its segment of the International Space Station after retirement. This modular station is intended to test hardware for future lunar exploration, including a habitat module similar to the American Gateway project. Russia still hopes for potential international cooperation with NASA and the ESA in lunar orbit. The ROS will typically host two to three cosmonauts for long-term deep space validation missions. (16)Corrections applied, pending your confirmation for the log: Kaitlyn Tiffany (transcribed as "Caitlin" — the Atlanticwriter), Anatoly Zak (transcribed as "Anatoli" — his own byline spelling at RussianSpaceWeb), and Allen Dulles in segment 5 (transcribed as "Alan").

Host: Cindy Allen Published: July 24, 2026 Length: Not provided Presented by: Global Training Center Summary In this episode of Simply Trade: Cindy's Version, Cindy Allen returns after a two-week break to unpack one of the most operationally challenging tariff transitions of 2026. Using Taylor Swift's “Sad, Beautiful, Tragic” as the lens, she explores a trade environment defined by abrupt deadlines, overlapping authorities, and relationships that may be moving beyond their free-trade era. Cindy explains the transition from the temporary Section 122 duty to new Section 301 tariffs tied to how 60 economies address forced-labor imports. She examines the 10% and 12.5% tariff structures, the treatment of most-favored-nation duties for certain countries, general and country-specific exclusions, Section 232 carve-outs, and the importance of proper tariff stacking. The official action became applicable to most covered entries beginning July 24, 2026. The episode also looks ahead to Section 338 tariffs on selected Canadian products, continuing IEEPA refund activity, potential court challenges, and the uncertain future of USMCA. For importers, customs brokers, programmers, and trade teams, Cindy's message is practical: review every tariff number, examine every applicable annex, document the analysis, and give implementation partners some grace. This Week in Trade • The temporary Section 122 tariff ended as the new Section 301 forced-labor tariff regime took effect. • Section 301 treatment now varies by country, with 10% or 12.5% rates and special MFN calculations for certain trading partners. • General, country-specific, use-specific, and Section 232 exemptions make product-level classification and origin reviews essential. • Section 338 tariffs of 50% on selected Canadian products are scheduled to take effect on August 19, 2026. Main Topic / Discussion A Layered Section 301 Implementation Cindy breaks down the new Section 301 duties imposed in connection with foreign forced-labor import prohibitions. The headline rate is only the beginning: importers must determine the correct country treatment, whether the rate is additive or calculated net of MFN duties, and whether the product qualifies for a general or country-specific exemption. Classification, Exemptions, and Tariff Stacking The extensive annexes require careful HTS classification and product review. Exemptions include certain raw materials, products that could cause economy-wide disruption, goods unavailable in sufficient quantities from domestic or alternative sources, and products already covered by Section 232. Cindy also emphasizes the importance of following CBP's reporting sequence so each trade remedy appears on the correct tariff-stacking level. Errors in sequencing or combining duties can create problems during refund, reconciliation, protest, or liquidation activity. Canada and Section 338 New Section 338 tariffs add another layer to the changing U.S.–Canada relationship. Cindy considers whether the measures will remain negotiating leverage or take effect as scheduled—and what they could signal for the future of USMCA. The “Sad, Beautiful, Tragic” Connection Taylor Swift's song becomes a metaphor for trade relationships, predictable implementation, and a free-trade environment that may be slipping away. Cindy closes by acknowledging that international trade has entered a fundamentally different era—one requiring closer review, faster adaptation, and stronger coordination across compliance teams. Key Takeaways • Do not assume every country receives the same Section 301 treatment. Confirm the country of origin, HTS classification, applicable rate, MFN interaction, and corresponding annex. • Review both the general exclusions and every applicable country- or use-specific exclusion before determining duty liability. • Validate tariff stacking and entry-line reporting with your customs broker and software provider to reduce refund, reconciliation, and liquidation problems. • Assess exposure to the upcoming Section 338 tariffs on Canadian products now, rather than waiting until the scheduled August 19 effective date. Resources & Mentions • Global Training Center • USTR Final Section 301 Action on Forced-Labor Import Prohibitions • CBP Trade Remedies • CBP IEEPA Duty Refund Information • White House Fact Sheet: Additional Tariffs on Canada Credits Host: Cindy Allen Guest(s): N/A Producer: Lalo Solorzano

Host: Cindy Allen and Pete Mento Published: July 23, 2026 Length: 41:32 Presented by: Global Training Center Summary Trade enforcement is entering a new phase—and importers, customs brokers, executives, and board members may all be in the line of sight. Cindy Allen and Pete Mento unpack the Department of Justice Trade Fraud Task Force's announcement that it surpassed $1 billion in civil and criminal recoveries, penalties, forfeitures, and publicly charged losses in less than one year. They explore what that milestone signals for companies that still treat customs compliance as a back-office responsibility. The conversation moves from CBP Forms 28 and 29 to the government's expanding ability to combine entry, manifest, and supply-chain data with AI-driven analysis. Cindy and Pete debate whether targeting intelligence should be shared with customs brokers and importers, how companies should approach data collaboration, and why “we've always done it this way” is becoming an increasingly dangerous compliance strategy. They also examine the USMCA annual review cycle, possible changes involving regional value content and Chinese-origin inputs, forced-labor enforcement, manufacturing policy, and the consumer behavior shaping global sourcing. Along the way, a Piggly Wiggly shame board, Bob Newhart's apartment, and the toilet-paper aisle become memorable lessons about accountability, consumption, and the true cost of inexpensive goods. This Week in Trade • The DOJ Trade Fraud Task Force surpasses $1 billion in recoveries and charged losses • Cindy's read on the growing significance of CBP Form 29 Notices of Action • AI, anomaly detection, and government supply-chain mapping • The USMCA annual review cycle and potential changes to regional content rules Main Topic / Discussion This episode explores the transition from trade facilitation and informed compliance to a far more aggressive enforcement environment. Enforcement and accountability Cindy and Pete discuss the potential exposure facing importers, customs brokers, executives, CEOs, and board members. Compliance decisions that were once treated as operational details may now create civil, criminal, financial, and reputational consequences. Data, AI, and early warning The hosts examine how CBP can use entry, manifest, supplier, and historical data to identify anomalies. They debate whether the government should share more targeting intelligence so customs brokers and importers can identify problems before an entry is filed. USMCA, sourcing, and consumers The discussion expands to the USMCA annual review process, possible Chinese-content restrictions, regional value content calculations, forced-labor enforcement, domestic manufacturing, and whether American consumers are prepared to accept higher prices or fewer choices in exchange for more ethical and regionalized supply chains. Key Takeaways • Trade compliance is no longer solely the responsibility of the customs or logistics department; executives and board members need visibility into material customs risks and compliance decisions. • CBP Forms 28 and 29 should be treated as warning signals that may justify a broader review of products, suppliers, valuation, classification, origin, and previous entries. • Importers and brokers should use data proactively to identify anomalies, understand enforcement patterns, map deeper-tier suppliers, and address risk before filing. • The USMCA review process, forced-labor enforcement, and possible changes to regional content requirements could reshape sourcing and manufacturing decisions throughout North America. Resources & Mentions • Global Training Center • DOJ: Trade Fraud Task Force Surpasses $1 Billion in Recoveries and Charged Losses • CBP Form 28 — Request for Information • CBP ACE Portal Guidance for Forms 28 and 29 • USTR: Statement on the 2026 USMCA Joint Review Credits Host: Cindy Allen Pete Mento Producer: Mara Marquez

Today's Headlines: Kash Patel scheduled a trip to Russia in October with no disclosed agenda or meeting list, which is a perfectly normal thing for the FBI director to do while leading an agency that investigates Russian interference. In tariff news, Trump dropped new tariffs on Canada — specifically cars, alcohol, cheese, and hockey sticks — on products covered by the USMCA trade deal he negotiated himself in 2020 and called "the best deal ever," though they don't kick in for 30 days so this is probably a stunt. Meanwhile, the cyclospora lettuce saga got weirder when the FDA announced the positive test on Taylor Farms lettuce was a "false positive" — conveniently after Taylor Farms donated a million dollars to Trump's super PAC in 2025, six days after the FDA delayed food traceability rules that would have applied to companies like Taylor Farms, and one day after Taylor Farms executives met with senior FDA officials before issuing their voluntary recall and blaming Taco Bell, so the whole thing smells like something other than lettuce. On ICE, the FBI will no longer investigate confrontations between ICE agents and civilians — essentially eliminating the only oversight ICE was ever exposed to — with responsibility for investigating ICE now falling to ICE itself, and traffic stops resuming less than 24 hours after DHS said they'd stop them. On a related press freedom note, the DOJ subpoenaed phone records of multiple New York Times journalists, at least two of their spouses, and one of their mothers, dating back to January 1st — long before their reporting on Trump's Qatari jet. A judge temporarily blocked the Paramount-Warner Brothers merger for two weeks, siding with 12 state attorneys general on antitrust grounds, which means Bari Weiss running CNN is on hold until at least August 3rd. On the election beat, Lindsey Graham's sister Darline — sworn in less than two weeks after her brother died — announced on Sean Hannity that she's running for the full six-year term, citing "inner peace," which is one way to process grief. And finally, on a genuinely positive note, Senator Andy Kim introduced MediKIDS, legislation that would automatically enroll every child at birth in health insurance through age 26, covering 4.4 million uninsured kids. Resources/Articles mentioned: AP News: Trump imposes 50% tariffs on Canadian goods, citing disputes over autos, alcohol and cheese Reuters: US FDA says false-positive lettuce test doesn't change Taylor Farms cyclospora probe NYT: Federal Agents Were Told FBI Will No Longer Investigate ICE Confrontations NYT: Trump Administration Sought Phone Records of Times Journalists and Their Relatives NBC NEws: Judge pauses Paramount-Warner merger Politico: Sen. Darline Graham will run for full term to replace brother Lindsey Politico: FBI Director Kash Patel plans Russia trip 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

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On July 1, the U.S. government declined to renew the U.S.-Mexico-Canada Agreement (USMCA)—but that's not the end for the region's free trade agreement. Kari Heerman spoke with Christopher Sands and Duncan Wood about what went wrong, what went right, and what comes next for North American economic relations. Episode transcript and show notes. Follow The Current and all Brookings podcasts on Apple, Spotify, or wherever you get your podcasts. Send feedback email to podcasts@brookings.edu.

On this episode of The Buzz, powered by Zebra Technologies, hosts Scott Luton and special guest co-host Amber Salley are joined by Rich Carey of MFG.inc to break down the biggest headlines shaping global supply chain. From the future of the USMCA and the health of U.S. manufacturing to separating AI hype from real-world value, this conversation delivers practical insights for supply chain leaders navigating constant change. What does the latest manufacturing data really tell us? Is AI bringing meaningful transformation to supply chains or just creating more noise? And how can organizations build resilient operations while developing stronger leaders? Scott, Amber, and Rich tackle these questions by exploring North American trade policy, manufacturing growth fueled by AI infrastructure investments, energy challenges, and the realities of autonomous supply chains. Rich also shares actionable leadership lessons from decades of operational excellence work, emphasizing servant leadership, trust, quick wins, and developing frontline leaders who can successfully lead change. If you're looking for practical strategies, not just buzzwords, this episode is packed with valuable takeaways. Key Takeaways Why the annual review of the USMCA matters for supply chain planning and business certainty. What recent U.S. manufacturing data reveals about growth, hiring, and AI-driven demand. The difference between real AI applications and the growing "AI noise" across the supply chain industry. Why autonomous supply chains still face significant hurdles around data, governance, and decision-making. How servant leadership, trust, and quick wins accelerate successful operational transformation. Why investing in frontline leaders is one of the most effective ways to improve manufacturing performance. Whether you're leading supply chain strategy, manufacturing operations, procurement, or digital transformation, this episode provides thoughtful perspectives on today's biggest industry trends while offering practical leadership advice you can apply immediately. You'll leave with a clearer understanding of where the industry is headed and how great leadership remains the competitive advantage that technology alone can't replace. Additional Links & Resources: Zebra: https://www.zebra.com/machinevision With That Said: https://bit.ly/WTS-12-July-2026 USMCA: Retail, manufacturing and apparel groups call for preservation: https://bit.ly/USMCA-Annual-Review US factory activity eases off four-year high; input prices remain elevated: https://reut.rs/3SNyfPv Turning Supply Chain Volatility into Competitive Advantage with o9 Solutions: https://bit.ly/SCN-At-Gartner-2026 The Autonomous Supply Chain: Why We're Not There Yet (And What It Will Actually Take): https://bit.ly/Amber-Salley-AutonomousEra From Planning to Decision Making: https://bit.ly/From-Planning-to-Decision-Making Mfg.inc: https://mfg.inc/ Connect with Rich on LinkedIn: https://www.linkedin.com/in/richcary/ Connect with Amber on LinkedIn: https://www.linkedin.com/in/ambersalley/ Upcoming Live Programming:  https://supplychainnow.com/upcoming-live-programming/ Supply Chain Now Resource Hub: https://supplychainnow.com/resource-hub/ Learn more about our hosts: https://supplychainnow.com/about Learn more about Supply Chain Now: https://supplychainnow.com Watch and listen to more Supply Chain Now episodes here: https://supplychainnow.com/program/supply-chain-now   Subscribe to Supply Chain Now on your favorite platform: https://supplychainnow.com/join   Work with us! Download Supply Chain Now's NEW Media Kit: https://bit.ly/3XH6OVk WEBINAR- The Future of Supply Chains: Where Talent Meets Technology: https://bit.ly/4uUuxkc WEBINAR- Peak Reality Check: What Shippers, Analysts, and AI Models Are Predicting for 2026: https://bit.ly/4aTlsRv WEBINAR- From Volume to Resilience: How Automotive Supply Chains Are Adapting to a New Market Reality: https://bit.ly/4f6SUGA WEBINAR- The Automotive Industry's Next Digital Breakthrough: https://bit.ly/4vhUwT4 WEBINAR- From Disruption to Stability: Building Resilient Logistics Solutions in a Rapidly Changing Global Market: https://bit.ly/3TguZMt This episode was hosted by Scott Luton and Amber Salley, and produced by Trisha Cortes, Joshua Miranda, and Amanda Luton. For additional information, please visit our dedicated episode page at: https://supplychainnow.com/buzz-manufacturing-momentum-ai-reality-leadership-lasts-1610 The content in this episode, including all audio, videos, visuals, and graphics, is the property of Supply Chain Now and is protected by copyright law. Unauthorized use, reproduction, distribution, modification, or re-uploading of this content in any form is strictly prohibited without explicit written permission from Supply Chain Now.For licensing inquiries or permissions, please contact us at production@supplychainnow.com© 2026 Supply Chain Now. All rights reserved. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Work permits for TPS holders from Haiti, Syria, and five other countries expire July 17th and 24th — dates that have already shifted twice. Plenty of shows are re-litigating the Supreme Court's ruling. We're asking a harder question: what actually happens right now to the workers and businesses caught in the middle?Luis Zaldivar, Business Engagement Director at the American Business Immigration Coalition, joins host Lauren Clarke to put faces on the numbers: the CNAs who've cared for the same nursing home residents for years, the construction site managers, the restaurant operators — many of them here for decades. Luis explains why "just hire someone else" doesn't work in a 4% unemployment economy, what happens to senior care prices and capacity when a workforce vanishes in weeks, and the family decisions playing out behind closed doors: the house, the kids, the country they'd be returning to. He also lays out the surprising flip side of the Court's ruling — DHS now has full authority to extend these permits on its own, no Congress required — and the three steps every employer should take this month.Plus, News Nerd-in-Chief Rob Taylor covers the USMCA non-renewal and what it means for TN visas, new USCIS E-Verify and I-9 guidance for TPS workers, consular appointment suspensions in Abu Dhabi and Dubai, fee increases in Australia and Japan, and South Korea's newly permanent digital nomad visa.Resource Links: https://abic.us/GUEST: Luis Zaldivar, Business Engagement Director, American Business Immigration Coalition (ABIC)HOST: Lauren ClarkeNEWS NERD: Rob Taylor PRODUCER: Adam BelmarINTERVIEW RECORD: Wednesday 7/15/26 @ 17:00 ET

The White House wants to renegotiate trade terms with Canada and Mexico, creating uncertainty for businesses, including auto makers. Plus, the Gordie Howe Bridge is finally set to open in Detroit, though a crony political intervention was no help. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ann Coulter. Beating the Anchor Baby Ruling with Roger Severino Beating the Anchor Baby Ruling w/ Roger Severino. UNSAFE with Ann Coulter Watch this video at- https://youtu.be/vlPxB4IPRWs?si=toAPwCef81ddqAWl Ann Coulter 2.86K subscribers Jul 10, 2026 UNSAFE w/ Ann Coulter - live on 07/09/2026 Ann Coulter opens with an urgent call for Donald Trump to veto the housing bill and its expansion of Section 8 housing, walking through what Section 8 did to Ferguson, Missouri, the landlords who profit, and Jared Kushner's Section 8 millions. She covers Graham Platner ending his Maine Senate campaign after his Reddit post mocking a wounded Purple Heart soldier, the rape revelation and the Totenkopf tattoo; Finland's Supreme Court convicting MP Päivi Räsänen over a 2004 church pamphlet on Christian teaching (and Rod Dreher's report that she can't transit Heathrow); Google AI falsely claiming New York Times coverage of the case; the cyclospora parasite outbreak and America's dependence on Mexican produce under NAFTA and USMCA; and The Atlantic's numbers on the death of reading, from the National Endowment for the Arts surveys to the reversing Flynn effect. Then the Heritage Foundation's Roger Severino — Project 2025 drafter, former head of civil rights at HHS, husband of Carrie Severino — details the plan JD Vance boosted for fighting the Supreme Court's anchor-baby ruling: closing the 14th Amendment territories loophole behind Chinese birth tourism in the Northern Mariana Islands and Guam, declaring birth-tourist parents persona non grata for life unless they renounce their child's citizenship, expedited deportation for the parents, requiring hospitals to report citizenship status of parents, making illegal-alien parents pay public school tuition to challenge Plyler v. Doe, and using tax law against returning anchor-baby 'sleepers' — the Al Capone treatment. Topics: housing bill, Section 8, Ferguson, Graham Platner, Maine Senate race, Päivi Räsänen, Finland hate speech, Google AI, cyclospora, Mexican produce, NAFTA, reading decline, Flynn effect, Roger Severino, Heritage Foundation, Project 2025, anchor babies, birthright citizenship, 14th Amendment, birth tourism, Northern Mariana Islands, Plyler v. Doe, deportation, JD Vance Watch live on Rumble: https://rumble.com/c/AnnCoulter TikTok:   / realanncoulter   X (formerly Twitter): https://x.com/anncoulter Substack: https://anncoulter.substack.com/

The USMCA review is underway, with implications beyond tariffs. Our Head of U.S. Public Policy Research Ariana Salvatore breaks down the key issues shaping the road ahead.Read more insights from Morgan Stanley.----- Transcript -----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of U.S. Public Policy at Morgan Stanley Research.Today, I'll be talking about the USMCA review – what happened on July 1st, what it means for North American trade, and how investors should be thinking about the road ahead. It's Friday, July 10th at 10am in New York. Last week, the six-year review deadline for the USMCA came and went. And as we'd anticipated, the U.S. declined to extend the agreement for another sixteen-year term. U.S. Trade Representative Greer stated that the U.S. did not agree to renew the USMCA in its current form, pointing to shortcomings and trade deficits with both Canada and Mexico, much of which echoed his testimony in front of Congress in December of last year. So, what happens next? This decision triggers an annual review process that could continue until the agreement's scheduled expiration in 2036. So, that means effectively the new deadline for negotiations is now July of 2027. And if we get to that point and see a similar outcome, this procedure repeats until the deal is terminated in 2036. Now, importantly, the agreement itself remains fully in force during this period. The current tariff regime, rules of origin, investment protections, and dispute settlement mechanisms are all unaffected for now. That's actually in line with the expectation that we laid out earlier this year. In short, we anticipated an outcome in which negotiations stall and the deal moves to annual reviews. We thought that was becoming more likely than an ambitious expansion of the agreement in its current form. That being said, there are some important implications of this outcome. First, we think North American trade is being reshaped by a transition from a rules-based framework – where tariff schedules and preferential access anchored trade decisions – toward a more discretionary, sector-specific approach tied to industrial policy objectives. That, of course, increases uncertainty around exemptions, sector treatment, and consequently investment decisions for corporates. Second, we think two bilateral deals may not be off the table. While it's still our base case that the trilateral framework remains intact, reporting seems to suggest that negotiations are progressing much more substantively with Mexico than with Canada. A third round of U.S.-Mexico negotiations is scheduled for the week of July 20th, while substantive text-based negotiations between Canada and the U.S. have not yet begun. That asymmetry could mean that bilateral issues between the U.S. and Mexico are resolved more easily, while outstanding frictions like Canada's dairy market quota system could prove to be an overhang in those bilateral talks. Third, the structural divergence between Mexico and Canada is accelerating, which is something my colleagues have highlighted in their recent work. If we think about Canada's manufacturing export base – autos, metals, machinery, energy, and transportation equipment – that actually overlaps with the areas that the U.S. government is increasingly defining as strategic. And therefore, necessitating more government involvement through, in things like Section 232 tariffs. Canada accounts for only a negligible share of U.S. imports across computers, semiconductors, communications equipment, and advanced electronics. Those are actually the sectors where Mexico has become deeply integrated, particularly through assembly and re-export activity linked to AI servers, electronics, and industrial hardware. Mexico now supplies roughly 35 percent of U.S. IT hardware imports and nearly 50 percent of U.S. server imports. And the North in particular has emerged as a vital interconnection hub between Latin America and the U.S. That's been driven by nearshoring trends, AI adoption, and multi-cloud strategies, as my colleagues Nik Lippmann and Fernando Sedano highlight. That means the scope and the objectives of the bilateral talks between the U.S. and Mexico and the U.S. and Canada may diverge even more from here. So where does that leave us? The USMCA is still intact, but the annual review process means North American trade policy is now a recurring negotiation, not yet a settled framework. And that will likely remain the case if policymakers agree next July to punt the issue yet another year. The primary risk, in our view, stems less from the possibility of a full USMCA collapse and more from the prolonged uncertainty around implementation details, sector-specific trade measures, and Section 232 tariffs. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Bolivia's Instability and US-Mexico Trade Leverage. Evan Ellis. Bolivia remains on "borrowed time" as Evo Moralesleads blockades from his coca-growing stronghold. Simultaneously, the U.S. uses the USMCA's renewal uncertainty as leverage to ensure Mexico's cooperation on migration and drugs. This strategy risks long-term investment but forces immediate strategic compliance from the Mexican administration. (7)

Bolivia's Instability and US-Mexico Trade Leverage. Evan Ellis. Bolivia remains on "borrowed time" as Evo Moralesleads blockades from his coca-growing stronghold. Simultaneously, the U.S. uses the USMCA's renewal uncertainty as leverage to ensure Mexico's cooperation on migration and drugs. This strategy risks long-term investment but forces immediate strategic compliance from the Mexican administration. (7)1904

SCHEDULE THE JOHN BATCHELOR SHOW, 7-8-20261966 SWEDEN Chaos in the Strait of Hormuz and Global Alignments. Gordon Chang and Kamran Bokhari. The Strait of Hormuz memorandum of understanding has collapsed, leading the U.S. to end the ceasefire with Iran. Iran is attempting to divide international allies by courting India and Pakistan. Pakistan balances a mediating role against domestic economic instability, while India shifts toward a burden-sharing role in the Indo-Pacific. (1) Chinese Missile Provocations and the Undersea Power Struggle. Gordon Chang and Rebecca Grant. Chinalaunched a long-range missile over sovereign territories toward Fiji, an aggressive move coinciding with major NATO and RIMPAC events. The test signals China's intent to expand its nuclear triad despite its currently "noisy" submarine technology. The U.S. maintains its undersea dominance through advanced programs like the Columbia-class boomer and unmanned Orca systems. (2) Religious Persecution and the Rise of Underground Christianity in China. Gordon Chang and Piero Tozzi. Pastor Ezra Jin's release highlights the CCP's continued persecution of underground churches that refuse to answer to the state. Despite intense Sinicization and arrests of figures like Jimmy Lai, Christianity is flourishing in China as a witness for human dignity. Totalitarian control efforts have created an enemy in an underground congregation potentially numbering over 100 million. (3) PLA Purges and Xi Jinping's Power Consolidation. Gordon Chang and Piero Tozzi. Xi Jinping's provocative missile launches are linked to internal instability and purges within the Central Military Commission. By creating international tension, Xi forces competing party factions to rally behind his leadership. While he controls the propaganda and state security apparatus, his control over the People's Liberation Army remains incomplete. (4) Venezuela's Humanitarian Crisis and US Diplomatic Pragmatism. Evan Ellis. Twin earthquakes in Venezuelahave left thousands dead and missing, with the Maduro regime's response marked by corruption and inefficiency. The U.S. continues to work with regime "thugs" for stability and oil access while preventing the democratically elected leader, María Corina Machado, from returning to aid her country. (5) Electoral Shifts Toward U.S. Cooperation in Peru and Colombia. Evan Ellis. Keiko Fujimori in Peru and Abelardo de la Espriella in Colombia have secured victories, pledging to join U.S.-led regional security coalitions. Both leaders inherit nations plagued by record-high coca production and expanded criminal groups. Their success is viewed as critical for regional stability and counter-cartel efforts in the Americas. (6) Bolivia's Instability and US-Mexico Trade Leverage. Evan Ellis. Bolivia remains on "borrowed time" as Evo Morales leads blockades from his coca-growing stronghold. Simultaneously, the U.S. uses the USMCA's renewal uncertainty as leverage to ensure Mexico's cooperation on migration and drugs. This strategy risks long-term investment but forces immediate strategic compliance from the Mexican administration. (7) Cuba's Grid Collapse and Caribbean Regional Integration. Evan Ellis. Cuba's recurring blackouts highlight a crumbling infrastructure and the failure of economic reforms to appease U.S. sanctions. While the U.S. applies individual sanctions on leaders, CARICOM is expanding its regional influence, recently bringing Martinique in as an associate member to bolster Caribbean governance and maritime security. (8) Russia's Energy Chokepoint and the Shifting Global Oil Map. Michael Bernstam. Ukrainian drone strikes on major Russian refineries have triggered a severe fuel crisis, forcing export bans on diesel and gasoline. Meanwhile, Gulf states are building massive pipelines to bypass the Strait of Hormuz. These developments are neutralizing Iran's "golden weapon" and shifting global oil transit maps away from traditional naval chokepoints. (9) The Strategic Impact of the Drone War on Russia. Michael Bernstam. Ukrainian drones have achieved what sanctions could not, choking Russia's fuel supply and forcing it to sell oil at massive discounts to China and India. This new form of decentralized drone warfare has made fuel supplies the primary vulnerability of the Russianeconomy. Modern nations, including Taiwan, are now observing these lessons in resource warfare. (10) The Capitalism Model and Monetization of the Space Sector. Bob Zimmerman. Wall Street has embraced commercial space, with private companies like Catalyst performing satellite servicing missions once reserved for government agencies. The U.S. Space Force now buys rapid-launch capabilities from the private sector for orbital reconnaissance. India is also transitioning its space program toward this capitalist model to increase efficiency. (11) Asteroid Probes and Scientific Cosmological Anomalies. Bob Zimmerman. Missions are targeting asteroids like the potentially dangerous Apophis, with a fleet of probes planning a 2029 flyby. Meanwhile, the Euclid telescope has detected ancient quasars that challenge Big Bang timelines. Additional anomalies in Galaxy Centaurus A and unpredictable sunspot activity suggest current cosmological models remain incomplete. (12) European Heat Waves and Shifting Commodity Markets. Simon Constable. Extreme heat is becoming the norm in Europe, driving demand for air conditioning and pressuring electrical infrastructure. Commodity prices show mixed signals; oil and gas have risen due to Middle East tensions, while industrial metals like copper decline. In Britain, Andy Burnham is positioned as a likely future prime leader. (13) The Invisible Power of Global Data Centers. Simon Constable. Data centers represent the digital future, with Virginia housing the world's highest concentration for the federal government. Despite accounting for over 4% of U.S. electricity usage, a quiz reveals that a quarter of Americans know nothing about these facilities. The U.K.holds the second-highest number of data centers globally. (14) The Sino-American Lunar Race for Permanent Presence. Rick Fisher and Doug Messier. China aims for a permanent lunar presence at the South Pole to potentially deny access to other powers. NASA is countering with a civilian coalition of private partners like SpaceX to develop sustainable infrastructure for future Mars missions. China's architecture mimics Soviet systems, while NASA's Starship requires complex orbital refueling to reach the moon. (15) Risk Aversion and Logistical Timelines for Moon Landings. Rick Fisher and Doug Messier. The Chinesespace program is highly risk-averse to protect the Communist Party's legitimacy. While NASA is "game on," it faces challenges with the Starship lander, which reportedly requires at least 15 refueling launches per mission. China hopes for a manned landing by 2030, while NASA's 2028 timeline remains subject to potential delays. (16)

Mary Anastasia O'Grady. O'Grady explains that Trump's refusal to renew USMCA creates investor uncertainty but no immediate trade changes. She highlights the agreement's necessity for North American manufacturing and agricultural competitiveness against global economic rivals. (13)1920

SCHEDULE JBS, 7-6-2026.1950, THE 150TH ANNNIVERSARY USA. Bill Roggio. Roggio explains Pakistan's classification as a "friendly" nation by Iran, highlighting its role as a deceptive mediator. He cautions that Pakistan's military often undermines U.S. interests to maintain its own regional influence. (1) Bill Roggio. Roggio emphasizes that Hezbollah's core goal remains Israel's destruction, rendering diplomatic ceasefires ineffective. He also warns that Syria's leader is a savvy jihadist who effectively manipulates Western perceptions while remaining a dangerous neighbor. (2) Ernesto Araújo and Alejandro Peña Esclusa. Esclusa details the Venezuelan regime's negligent earthquake response, focusing on hiding illicit assets rather than saving lives. Araújo argues the U.S. must do more to dismantle the criminal network currently governing the country. (3) Ernesto Araújo and Alejandro Peña Esclusa. Esclusa details how narco-trafficking infected the São Paulo Forum, causing leftist leaders to reject democratic losses. Araújo argues regional stability requires a dedicated alliance to eradicate the link between communism and organized crime. (4) Samuel Benner. Benner views the resignation of a Hamas official as a cosmetic tactic to maintain control over Gaza. Despite military setbacks, Hamas continues recruiting youth and manufacturing low-level explosives to remain a significant threat. (5) Samuel Benner. Benner discusses the immense difficulty of rebuilding Gaza while Hamas remains in power. He notes Hamas uses reconstruction as a political tool, often obstructing aid efforts to maintain its local authority and influence. (6) David Daoud. Daoud argues the Lebanese Armed Forces are unlikely to confront Hezbollah, potentially facilitating performative security checks. He stresses that Israel's primary objective in Lebanon is ensuring long-term security for its northern citizens. (7) David Daoud. Daoud critiques U.S. policy for treating Lebanon as a sovereign state, ignoring Hezbollah's deep social and political integration. He warns that the nation is a failed state, now entirely dominated by Iranianinfluence. (8) John Hardie. Hardie observes a more supportive U.S. stance toward Ukraine's long-range strikes. He suggests Putin is isolated, receiving flawed military reports from his generals, and continues to delay mobilization decisions despite a strategic stalemate. (9) Janatan Sayeh. Sayeh details how the Iranian regime used the Ayatollah's funeral to project false stability amidst paranoia. He reports increased internal repression and a shift in power toward the IRGC as clerics lose legitimacy. (10) Edmund Fitton-Brown. Fitton-Brown highlights the suspicious absence of Mojtaba Khamenei from his father's funeral, suggesting he is incapacitated. He also characterizes Iran's attempts to charge tolls in the Strait of Hormuz as blatant international gangsterism. (11) Edmund Fitton-Brown. Fitton-Brown describes Houthis as autonomous Iranian proxies testing regional blockades. He notes Oman serves as a critical, unpressured hub for smuggling weapons and illicit goods, enabling Houthis to recover from strikes. (12) Mary Anastasia O'Grady. O'Grady explains that Trump's refusal to renew USMCA creates investor uncertainty but no immediate trade changes. She highlights the agreement's necessity for North American manufacturing and agricultural competitiveness against global economic rivals. (13) Ahmad Sharawi. Sharawi discusses Syria's attempt to regain political influence in Lebanon without military intervention. He describes the newly formed Syrian parliament as a non-representative body designed solely to consolidate power under the current regime. (14) Bruce Bechtol. Bechtol analyzes the deepening military partnership between North Korea and Russia, driven by ammunition sales for the Ukraine war. This influx of cash allows North Korea to modernize its navy and build destroyers. (15) Alan Tonelson. Tonelson discusses Canada's attempt to pivot trade toward China, which has drawn U.S.criticism. He argues that the U.S. maintains the upper hand because of China's massive trade dependence and internal economic vulnerabilities. (16) Corrections applied: John Hardie (not "Hardy"), Janatan Sayeh (not "Sai"), Edmund Fitton-Brown (hyphenated), Mary Anastasia O'Grady (not "Grady"), Ahmad Sharawi (not "Akmed Sherari"), and Alan Tonelson (not "Tunnelsson").

Pennsylvania State Trooper Michael Pahira Jr. was tragically killed by an illegal alien truck driver — a preventable tragedy that exposes a massive, deadly problem on America's highways. Why is the GOP refusing to act? I'm joined by Shannon Everett, co-founder of American Truckers United, to expose the horrifying reality of the non-domiciled CDL crisis. Hundreds of thousands of illegal aliens are currently driving 80,000-pound commercial trucks across the country, exploiting freight brokers, setting up "No Name" LLCs, and replacing American workers under the USMCA. Despite a clear mandate, federal bills like Dalilah's Law are stalled and red states are failing to revoke reciprocity for these illicit licenses. Everett breaks down the exact federal and state action items needed to get illegal alien truck drivers off the roads immediately and restore safety to our highways.  Why is the easiest immigration problem to solve still being ignored? Learn more about your ad choices. Visit megaphone.fm/adchoices

Preview for Later Today: Alan Tonelson analyzes trade tensions between the US and Canada. He stresses that continental integration remains vital, noting that the USMCA protects most Canadian exports from tariffs despite political friction between Carney and Trump. (5)1900 OTTAWA

Mary O'Grady highlights how the USMCA makes North America globally competitive. By integrating markets and labor across the US, Mexico, and Canada, the region leverages comparative advantages essential for modern manufacturing and economic success. (4)1909 MEXICO

USMCA over, TDA members arrested, President takes the win, and team USA grit. Plus, the Message of the Day, on July 4th and the divided states of America. Learn more about your ad choices. Visit megaphone.fm/adchoices

SCHEDULE OF THE JOHN BATCHELOR SHOW, 7-1--2026.1804 GREENWICHRick Fisher discusses China's Tiangong space station, which is set to double in size by 2030 and host international partners. He highlights dual-use military concerns and potential plans for a lunar toll booth at the L2 Lagrange point to control access to the moon. (1)Jim Fanell explains China's "salami slicing" tactics in the maritime domain, using law enforcement vessels to claim sovereign jurisdiction over waters east of Taiwan. He recommends the U.S. counter these moves by sending an aircraft carrier strike group through the Taiwan Strait to assert international law. (2)Steve Yates analyzes China's Ethnic Unity Law, which codifies ethnonationalism and criminalizes the denial of Chinese identity even for those outside the PRC. The law targets Taiwanese identity and may lead to the extradition of critics, reflecting the CCP's focus on total ideological control. (3)Gordon Chang and Steve Yates discuss the alarm in Beijing after a small aircraft crashed into the CITIC Tower, highlighting vulnerabilities in China's air defenses near the leadership compound. The incident shattered the narrative of an impervious security state, raising fears that drones could easily strike the capital. (4)Bob Zimmerman discusses Rocket Lab's acquisition of Iridium for $8 billion, signaling a trend toward vertical integration. He also covers Blue Origin's investigation into a launchpad explosion and SpaceX's Star Mind data constellation, emphasizing the importance of corporate transparency and risk-taking in the space industry. (5)Bob Zimmerman reports that NASA Administrator Jared Isaacman is streamlining the Artemis program by focusing on a lunar base and leveraging private sector contracts for landers and infrastructure. Meanwhile, the Boeing Starlinerprogram is likely dead following poor performance and the Inspector General's recommendation to halt further funding. (6)Bob Zimmerman examines new spaceports in Sweden, Oman, and Australia, noting geographical and financial challenges. He criticizes India's ISRO for a lack of transparency regarding delays in the Gaganyaan manned mission and undisclosed rocket failures, warning that such secrecy breeds public distrust. (7)Bob Zimmerman reports research showing weightlessness harms reproduction in mice, suggesting humans will need artificial gravity for long-term missions. On Mars, Curiosity discovered unique polygon ridges, possibly indicating ancient water. Additionally, New Horizons confirmed the solar wind slows at the solar system's edge. (8)Professor Evan Ellis discusses the two massive earthquakes that struck Venezuela, causing widespread destruction due to corrupt building practices and neglected infrastructure. The U.S. military has deployed 900 personnel for relief as the illegitimate Rodriguez government struggles to provide an effective humanitarian response to the mounting tragedy. (9)Professor Evan Ellis analyzes the challenges facing President-elect Abelardo de la Espriella, who must reverse fiscal mismanagement while navigating a divided Congress. His administration plans a hardline stance against illegal armed groups like the ELN and FARC to restore state authority and encourage foreign investment in the mining and oil sectors. (10)Professor Evan Ellis reports that Keiko Fujimori is the declared victor in Peru's election, promising a pro-security, pro-U.S. agenda despite continued economic ties with China. Meanwhile, Bolivia remains unstable as President Rodrigo Paznavigates an economic crisis, currency devaluation, and ongoing pressure from former leader Evo Morales. (11)Professor Evan Ellis discusses the U.S. decision not to renew the USMCA, maintaining leverage over Mexico regarding security and immigration. In Argentina, a cabinet resignation due to corruption investigations highlights vulnerabilities for President Milei's administration despite his successful macroeconomic turnarounds and libertarian policies that have improved the country's financial standing. (12)Simon Constable reports on the breaking of a severe European heat wave and shifting commodity prices, with Brentcrude seeing a significant drop. In the UK, Andy Burnham is positioned as a potential new Prime Minister, though there are calls for a general election. (13)Michael Bernstam reports that Ukrainian drone strikes have taken 28% of Russian oil refineries out of commission, causing widespread fuel shortages and forcing Russia to import gasoline. Vladimir Putin admitted the situation is "difficult" as Crimea faces crises in fuel, food, and water due to severed supply routes. (14)Anne Stevenson-Yang describes the collapse of China's real estate market, where half-empty apartment towers in ghost cities now offer cheap rent to young workers. Municipalities are burdened with massive debt from failed development projects, and building maintenance is deteriorating as developers walk away. (15)Justin Leopold Cohen discusses the trilateral framework between Israel, Lebanon, and the U.S. that aims to disarm Hezbollah, though the group has rejected the terms. Despite reduced Iranian power, Hezbollah remains a heavily armed proxy, maintaining extensive tunnel networks and continuing clashes with the IDF along the border. (16)Each file is now a single paragraph, John — headlines and guest lines fully folded in, numbering intact at the tail. Let me know if anything needs another pass.

During President Donald Trump's first term, he touted the USMCA as the largest and most fair trade deal ever achieved. So why is he now talking about ‘terminating' it? Fact checking by Sierra Juarez.Your Next Listen — Are Trump's trade deals the real deal?Connect with The Indicator — Sign up for The Indicator's brand new newsletter— Buy the Planet Money book— Find our socials, YouTube and more!— For sponsor-free episodes, subscribe to NPR+See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy