The Truth About Tariffs: Targeted vs. Across-the-Board Tariffs Explained

In this episode of Rethinking Trade, Lori speaks with digital governance expert Dr. Kristina Irion and Rethink Trade research director Daniel Rangel about a key issue resurfacing in Brussels: The Trump administration's joint push with Big Tech to use trade rules to limit how democracies regulate data, privacy, and algorithmic oversight. Although recorded earlier this year, the conversation is newly relevant as Commerce Secretary Lutnick and USTR Greer signal openness to tying U.S. tariff decisions to EU digital policy concessions — the same agenda now back on the transatlantic negotiating table.

China’s devastating new move to cut off global access to rare-earth minerals could be cataclysmic — shutting down manufacturing of core sectors across the U.S. economy.In this episode of Rethinking Trade, Lori Wallach speaks with Rush Doshi — former National Security Council Director for China and Taiwan and Director of the China Strategy Initiative at the Council on Foreign Relations — about why the tentative one-year pause reported Sunday does not remove the underlying risk, but confirms how much leverage China has consolidated.Rush explains the urgent actions needed immediately to limit U.S. vulnerabilities, and discusses with Lori how we got into this dire situation — with China’s current rare-earths near-monopoly creating a chokepoint over basic inputs that keep the modern economy running.

China just announced new export controls on rare earths — the subset of critical minerals used to make high-power magnets essential for EVs, defense tech, and nearly every modern electronic device.Lori Wallach breaks down why China’s grip on rare earths processing has become a global choke point 15 years in the making — and what this latest move signals for supply chains, allies, and U.S. leverage going forward.Don't forget to also check out Katie Hettinga's write-up on Substack.

In this episode of Rethinking Trade: Did the dangerous de minimis trade loophole finally get closed for goods from China on May 2? Woohoo – tariff-dodging is now forbidden. But the Trump administration’s wavier of a longstanding customs enforcement rule might make the change harder to enforce.   Lori will explain what it means for the import inspectionsneeded to catch fentanyl-laced fake pills and why we now need the administration to publish importer requirements and close down the loophole for imports from other countries.   

Lori Wallach breaks down the confusion, the consequences, and what’s coming next on the Trump administration's actions on China, the 90-day pause, and more.

Confused about the tariffs that just went into effect?It's hard not to be, given how they are being discussed in the media. But before we all conclude the sky is falling, please listen to the latest episode of our Rethinking Trade podcast.(And yes, we’re back from hiatus!)Lori covers just what we need to know about the 25% tariffs on Mexico and Canada, the additional 20% tariffs onChina, and Trump’s reversal on allowing de minimis shipments from China, Mexico and Canada to evade these very tariffs as well as inspection.And she explains how all of this could impact you... even as things keep changing. 

This new episode of the Rethinking Trade podcast is a little different. It’s about tariffs, an issue that’s critical to get smart about now… At a recent live panel with Congressmembers Debbie Dingell (D-Mich) and Rep. Chris Deluzio (D-PA) and our labor friends, Lori led a discussion about why much of the conventional wisdom on tariffs is wrong.   Like, if you are for enforceable labor standards in trade agreements or climate Carbon Border Adjustment Mechanisms, you are FOR tariffs.   And tariffs do NOT necessarily increase consumer prices. But price-gouging corporations like to use tariffs as an excuse to raise prices. And, yup, that story you hear over and over on tariff raising washing machine prices is wrong.

This new Rethinking Trade podcast episode is not a break from election anxiety, but can help explain the current situation…     Lori talks with Dan Kaufman about his recent New York Times Magazine story, "How NAFTA Broke American Politics." It examines the long-lasting impacts of the trade agreement on U.S. communities and politics nationwide.    Lori and Dan do a deep dive into Kaufman’s recent October article. Listen now for conversation about the human and political cost of NAFTA, particularly in Wisconsin, and the broader impact on American workers and our politics.    Dan Kaufman is a contributing writer for The New York Times Magazine and author of the acclaimed book The Fall of Wisconsin about the labor revolution spurred by ring attacks on union rights there. 

The imitable Zephyr Teachout wrote a fantastic piece that everyone seems to be reading about why tariffs and the trade issue play such an outsized role in elections and how Trump has set a tariff trap to try to ensnare the Democrats. In our latest episode of the Rethinking Trade podcast, Lori Wallach sits down with the renowned Fordham law professor. The discussion is especially interesting because Zephyr ran for Congress in a swing district in 2016 and saw her lead — along with Hillary Clinton's — disappear as Trump realized the power of the trade attack. Even if you don’t have time to read the piece (and you should, and we have it on our website) this short, but powerful conversation is fascinating.

In this episode of Rethinking Trade, Lori Wallach breaks down the facts about tariffs—how they work, who pays them, and their impact on consumer prices. With tariffs back in the news, Lori explains the difference between targeted tariffs and across the board tariffs. Tune in NOW to get the full picture.