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Derisky Business

Derisky Business

By: Center for a New American Security
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About this listen

 “Derisky Business” is a show that explores economic security issues within the broader national security and foreign policy landscape. Hosts Emily Kilcrease and Geoffrey Gertz dive into the weeds on issues like export controls, tariffs, and trade, linking these issues to broader debates on how to advance U.S. global economic leadership during times of geopolitical turbulence. Listen for new episodes bi-weekly, and check out other podcasts from the Center for a New American Security at cnas.org/connect/podcasts. This podcast is supported in part by Amazon and by general support to the CNAS Energy, Economics & Security Program.Copyright 2024 All rights reserved. Economics
Episodes
  • Selling H20 Chips to China Will Come at a Cost, with Liza Tobin

    Selling H20 Chips to China Will Come at a Cost, with Liza Tobin
    Aug 13 2025

    We interrupt our summer break to provide quick reactions to news this week that the Trump administration will begin allowing Nvidia and AMD to sell certain advanced semiconductors to China - so long as those companies agree to pay a commission fee to the U.S. government. While Emily is on vacation, Geoff is joined by CNAS Adjunct Senior Fellow and Managing Director of Garnaut Global Liza Tobin to dig into how we got to this point, if this arrangement is even legal, and what it means for the future of U.S.-China tech competition.

    Matt Pottinger and Liza Tobin, “Trump Just Handed China the Tools to Beat America in AI”, The Free Press, August 11, 2025

    Chris Miller, “China has its own concerns about Nvidia H20 chips”, Financial Times, August 11, 2025

    Charles Rollet, “China's military tried to buy Nvidia chips for AI servers and a robot dog”, Business Insider, August 1, 2025
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    44 mins
  • Game Over? How the United States Could Have Won the Trade Wars

    Game Over? How the United States Could Have Won the Trade Wars
    Aug 6 2025

    Emily and Geoff break their summer hiatus to launch a new CNAS report detailing insights from a trade wargame that examined how foreign governments might respond to a dramatic increase in U.S. tariffs. For this live event they are joined by trade experts Wendy Cutler, Meredith Lilly, and Thorsten Benner to discuss the report and catch up on the real-world trade wars. Derisky Business will return to regular programming in the fall.

    Emily Kilcrease and Geoffrey Gertz, Game Over? How the United States Could Have Won the Trade Wars
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    1 hr and 6 mins
  • Happy Summer from Derisky Business!

    Happy Summer from Derisky Business!
    Jul 10 2025

    While Derisky Business goes on summer break, revisit your favorite episodes of the podcast and dive into the Summer Reading List, featuring book recommendations from previous podcast guests and work from CNAS experts. Emily and Geoff will be back in the fall to catch up on all the economic security happenings.

    Read the list here!

    https://www.cnas.org/publications/commentary/happy-summer-from-derisky-business
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    2 mins
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