Foreign Press Podcast
What happens when one legal path to tariffs is closed—and another quickly opens? In this episode, AFPC-USA, in partnership with the Hinrich Foundation [https://www.hinrichfoundation.com/?utm_source=afpc&utm_medium=affiliate&utm_campaign=others-hf-homepage&utm_content=20260505-us-balance-of-payments-gamble-shackleford-podcast], sits down with Dawn Shackleford, president of Looking Glass Trade, LLC, to unpack how the Trump administration pivoted to Section 122 of the Trade Act of 1974 [https://www.hinrichfoundation.com/research/article/trade-governance/trump-asserts-trade-payments-problems?utm_source=afpc&utm_medium=affiliate&utm_campaign=article-shackleford-trump-payments-problem-imf&utm_content=20260505-us-balance-of-payments-gamble-shackleford-podcast] after the U.S. Supreme Court blocked its use of IEEPA to impose tariffs. Shackleford explains what Section 122 allows, why the administration settled on a 10% tariff, and what would be required to justify going higher. She also breaks down what a genuine balance-of-payments crisis actually looks like—and why international institutions like the IMF matter in determining whether trade restrictions are warranted. Hosted by veteran journalist Roseanne Gerin, this conversation offers a clear-eyed look at the legal, economic, and global stakes behind America’s evolving trade strategy. This podcast episode was produced in partnership with the Hinrich Foundation [https://www.hinrichfoundation.com/?utm_source=afpc&utm_medium=affiliate&utm_campaign=others-hf-homepage&utm_content=20260505-us-balance-of-payments-gamble-shackleford-podcast]. AFPC-USA is solely responsible for the content of this episode.
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