PODCAST · business
The Call by the Global Intelligence Desk
by The U.S. Chamber of Commerce Global Intelligence Desk
Hosted by Jay Sapsford, The Call delivers timely and incisive analysis to help businesses navigate risks and opportunities.
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Can the U.S. Grow Its Way Out of Debt?
Washington faces a daunting fiscal reality: a structural deficit or roughly $2 trillion, a rising debt burden and a political system deeply divided over how to address either. But former Federal Reserve Vice Chair Randal Quarles sees another path: growth. Faster productivity gains, smarter regulation, greater investment and a more dynamic private sector can expand the economy, strengthen the fiscal picture and help the United States manage its debt burden without waiting for a grand political bargain that may never come. He joins Jay to discuss this message that has particular resonance, not only for business, but also as the B20 prepares to meet in Washington this November around a Growth Agenda focused on unlocking investment, raising productivity and strengthening the conditions for private-sector-led growth.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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How Has Geopolitics Re-framed Global Business?
For decades, companies operated on a global playing field optimized for efficiency, scale, and the search for low-cost, high-quality inputs across borders. But the playing field has shifted, and boardrooms are ever more concerned with supply-chain vulnerability, industrial policy, and national security concerns. Corporate priorities now include resilience alongside efficiency - diversified sourcing, larger inventories, alternative suppliers and production locations.As our first guest of the fall season, Joshua Walker joins The Call just weeks after taking the helm of the Chamber's International Affairs Division - and weeks before the Chamber hosts the B20 in November. We asked Joshua how national security concerns are shifting priorities across countries and regions, and what those shifts mean for business leaders navigating a more strategic and less predictable global economy.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Is Ukraine Rewriting the Business of Defense?
For decades, defense acquisition followed a familiar path: develop, test, procure, then deploy. Ukraine has turned that model on its head, deploying systems into combat, refining through operational experience, returning to the field rapidly with improvements compressing development cycles from years to weeks. UFORCE, led by our guest today, entrepreneur and CEO Oleg Rogynskyy, is now bringing that approach to allied militaries in the West, reflecting a broader shift in how military capability is created. The young company has attracted significant attention from Western governments, defense partners, and investors, helping establish UFORCE as one of Europe's fastest-rising defense technology companies. He talks with host Jay Sapsford about his approach and how the Ukrainian model of stimulating defense innovation is changing the face of the battlefield.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Is This The End of Easy Money?
On Tuesday July 28th, the Federal Reserve began its two-day policy meeting, ahead of Wednesday's announcement on the benchmark interest rate that shape borrowing costs for businesses around the world. Six months ago, our guest Richard Clarida expected two or three rate cuts this year. Today, he says the inflation fight isn't over. The market debate has shifted from "When will the Fed cut?" to "Could the next move eventually be a rate hike - if not this week, then in the months ahead?" An even bigger question goes beyond this week's decision. Public debt is climbing around the world. Inflation remains stubborn. And Fed Chair Kevin Warsh has signaled his determination to shrink the Fed's balance sheet. Together, those forces raise the prospect of structurally higher interest rates - and a higher cost of capital - for businesses everywhere. So we ask former fed vice chair Clarida Is This the End of Easy Money?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Can Business Help Reshape The Global Economy?
The global trading system is being rewritten in real time. In the old model, success meant finding the lowest-cost producer. In the new one, resilience, security, and trusted partners increasingly compete with efficiency as the organizing principle of trade. Few people have witnessed that shift more closely than former Congressman Kevin Brady. Over 26 years in Congress, Brady became one of America's leading advocates for free trade, helped pass 13 trade agreements, and authored the 2017 tax law. Today, as the U.S. Chamber's sherpa to the B20, he sits at one of the key intersections between government policy and the priorities of global business. He joins us to discuss whether trade policy has fundamentally changed and what role business should play in shaping what comes next. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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85
Can Global Sports Revive American Soft Power?
On Sunday, July 19, the global soccer tournament final will be played in New Jersey. The event will cap 104 matches over 39 days, spanning 16 cities across three North American countries and drawing the largest crowds in the tournament's history. By many accounts, the tournament has been one of the most powerful exercises in soft power in recent memory, with the 2028 Los Angeles Olympics soon to follow. Beyond soccer, global sports continue to deepen their international reach. England's Premier League, fueled by growing American ownership and investment, has become a major commercial force in the U.S., while the NBA and NFL continue to expand their own global ambitions. All of this, however, arrives at a moment of uncertainty, when tariffs, wars, and strategic rivalry dominate the headlines. We explore how major sporting events can help shape investment, influence national brands, strengthen commercial ties, contribute to growth - and at times, succeed where politics cannot. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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84
Can AI deter war?
For 75 years, NATO's central mission has been deterrence: convincing adversaries that the cost of conflict outweighs any possible gain. Next week, as Alliance leaders gather in Ankara to reinforce that commitment, they face a new question. Can deterrence survive the age of artificial intelligence?Shield AI – a fast-growing defense startup - was founded on the simple proposition that the greatest victory requires no war. Some argue compressed decisions of automated warfare could lower the threshold for confrontation. But our guest, President and Co-founder Brandon Tseng, sees the AI arms race as strengthening defense posture - and actually reducing the risk of war.Either way, Shield AI illustrates not only the security challenge, but an example of industry disruption, and one of the great industrial opportunities of our time.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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83
Who Will Pay To Overturn China's Monopolies?
China spent decades tightening its vice grip on the industrial ecosystems crucial to an era of electrification, artificial intelligence, and advanced manufacturing. The allies of the West are scrambling to respond, but they face a challenge: building alternatives to China's rare earth dominance requires crossing what is known as the "Valley of Death," the gap between a promising opportunity and the billions of dollars in patient capital needed to build at scale.USA Rare Earth CEO Barbara Humpton believes she has found a way across. Her company is reviving a model, one with significant historical precedent, that combines public financing, private capital, and the power of allied partnerships while leaving governance firmly in private hands. If successful, it could become a blueprint not only for rare earths, but for a broader effort to reduce dependence on China in industries critical to America's security.The challenge boils down to a central question: Who will finance the end of China's rare earth monopoly?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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82
Has China Overplayed Its Hand With Critical Minerals?
China mines, refines, and manufactures most of the world's rare earths, and the magnets inside electric vehicles, fighter jets, wind turbines, and AI data centers. That gives it enormous leverage. After a fragile U.S.-China truce, tensions have eased, but the deal expires in November, and Beijing is already squeezing Japan. Our guest, Dr. Gracelin Baskaran - a frequent witness before Congress - argues that by wielding its dominance so openly, China may have overplayed its hand, spooking the world into building alternatives to the products it dominates. At this week's G7 summit, Western leaders pledged to cut reliance on any single supplier to 60% by 2030. Others say China's grip is as tight as ever, and the West's scramble is noise. For any business that relies on these materials, the stakes in the debate shapes pricing, supply security, and strategy for the next decade. It all turns on one question: has China overplayed its hand in critical minerals? -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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81
What Does the New Federal Reserve Mean for Business?
The Federal Open Market Committee, the rate-setting body at our central bank, recently convened with Kevin Warsh as the new Chairman. He takes the helm as U.S. inflation is running between 3-to-4% and Washington is running annual deficits just shy of $2 trillion. Abroad, the Fed has become something akin to the world’s lender of last resort, offering emergency dollar liquidity to foreign central banks. The demands, at home and abroad, raise questions about Fed independence, a principle promoted by both Warsh and his former colleague - and our guest on today - Thomas Hoenig, who has long argued that the Fed has drifted from a guardian of price stability into a provider of liquidity for both Washington and the global financial system.We focus on the stakes in whether the ‘New Fed’ will find a way to resist the pressure of recent years to open the taps and instead, to establish more independence. For businesses, the outcome of this challenge will determine bond yields, the costs of capital and how much we all pay in interest. So we ask: What does the new Fed mean for business?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Has the U.S. Overused Sanctions?
“Since 2000, the number of sanctioned individuals and entities worldwide has increased tenfold. Tariffs and trade barriers have quintupled globally…more than 90 percent of advanced economies now screen foreign investment in sensitive sectors, up from less than one-third a decade ago.”The author of those lines in Foreign Affairs, sanctions expert Daleep Singh, today issues a warning with implications for multinationals. Economic coercion is needed, but overuse can fracture markets, fuel rivalries, and cause instability. When the dollar looks like a weapon, the world builds around it. Trade relations splinter. Allies drift apart on enforcement. Singh joined Jay Sapford to discuss, among other things:, whether has America overused the tools in its economic arsenal. Singh lays out what the answer means for companies caught in the compliance crossfire, and for the line between defending national security and eroding the very system that gives sanctions their bite.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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79
Is the Rule of Law Becoming a Core Business Risk?
The Rule of Law shapes where companies invest, how they manage risk, whether contracts are enforced, intellectual property is protected, and whether a business can execute long-term business planning. On June 11, our Coalition for the Rule of Law will release the 6th Edition of its Global Rule of Law Dashboard, which scores 149 countries across five conditions that shape commercial confidence. Among the big findings: Transparency improved, but stability, accountability, and predictability have all declined. So, the rulebook looks great - until you need it to work. The Chamber's Neil Herrington helps us unpack the data and offer members a foretaste ahead of the official release where conditions are improving, where they are not, and what this means for companies operating across borders.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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78
Will the Future of Warfare Still Depend on Humans?
In April, Ukrainian President Volodymyr Zelenskyy announced his forces captured Russian positions using only ground robots and drones. No infantry. No losses. Kyiv’s success, however, disguises the role of human capital behind the machinery deployed in these attacks, and countless others. The next military advantage may belong not to the country with the flashiest drone, but to the country that best combines machines with people — coders with soldiers, manufacturers with operators, engineers with commanders, private-sector innovation with public-sector urgency. The stakes reach right to the heart of American business: Drone warfare is not just a defense story. It is a supply-chain story, a manufacturing story, a software story, an energy story, and a China story.Our guest Eliot Cohen, author of the new book "The Strategist: How to think about war & politics" has spent his career on the questions that matter when the character of war changes: why armies win, why they lose, and how leaders make the decisions that decide wars. Jay Sapsford puts those questions to him now at a time when the soldier on the front line may no longer be a person at all.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Are We Ready for an Era of Higher Interest Rates?
The world is aging. For our lifetimes, that has meant low interest rates, as limited demand, high savings and a flexible global workforce created favorable conditions for easy money. Our guest today, Manoj Pradhan, founder of Talking Heads Macro, argues that over time, aging will result in something completely different: higher wages for a shrinking workforce, more retirement benefits, more public debt – and higher interest rates to attract enough investors to fund it all. Pradhan says Japan is going through that transition right now. If he is right, it will mean a tougher funding environment for business. Higher rates makes corporate debt more expensive to service, forcing companies to rethink capital allocation, pricing, labor, and supply chains.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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76
Can the U.S. counter China’s state-driven economy?
The rivalry between Washington and Beijing has entered a less predictable phase. Tariffs are no longer simply bargaining tools but structural features of the relationship. Export controls and investment restrictions are accelerating a technological split. China’s industrial overcapacity is forcing governments and companies alike into tough choices over supply chains, market access and national security, and the question becomes how the United States effectively competes with an aggressively state-sponsored economy.After this week’s well-timed conference, Presidents Trump and Xi will meet at a moment when the costs of miscalculation are rising: Can this summit produce guardrails that matter—or will it simply mark the next turn in a more confrontational cycle? And what should business leaders be watching in the days immediately following the meeting? The U.S. Chamber's own Jeremie Waterman joins Jay Sapsford live from the Chamber's own conference on China to discuss these vital issues.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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75
Can the U.S. and China reset?
Washington and Beijing are engaged in a far-reaching rivalry, spanning trade, capital, development finance, and supply chains—ultimately shaping the global economy. For countries and companies alike, the task is increasingly to navigate between these two centers of gravity.As global tensions threaten growth, however, our attention turns to the upcoming U.S.-China summit and whether Presidents Trump and Xi could possibly stabilize ties and reassert some measure of cooperation. Hurdles to such an alignment include the trade dispute, the digital rivalry, the Taiwan question, and the war in Iran. And yet, the search for common ground will be a recurring theme this year as the U.S. hosts the G20 and the U.S. Chamber hosts the B20 – critical venues for coordinating the world’s bid for growth. So as the advance teams in Beijing prepare the red carpets, we ask David Malpass, renowned economic diplomat: Can the U.S. and China reset?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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74
Should the U.S. Treasury Be an Agency of National Security?
The U.S. Treasury has announced that it will release what it describes as the “financial equivalent,” of a military campaign on Iran, threatening to cut off any bank, company, or country that continues doing business with the U.S. adversary. Warning letters have already landed on the desks of financial institutions across three continents. The move is an example of ‘economic warfare,’ in which the tools of commerce and trade are used as leverage over those running afoul of U.S. and its allies. For global businesses, this means operating legally under another country’s law is no longer sufficient legal protection. Our guest Juan Zarate, former Deputy National Security Advisor, spent a decade inside the machine by building the sanctions architecture at OFAC, establishing the Office of Terrorism and Financial Intelligence, and leading the global effort to seize Saddam Hussein’s assets. However, he warns guest host Masha Angelova that this powerful tool of statecraft also provides incentives for U.S. rivals to work outside the system, a movement that is growing. Raising the question: Should the U.S. Treasury be an agency of national security? -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Are We Ready for a New Age of Cyber Threats?
A new age of cybersecurity threats has arrived.Two weeks ago, the world learned about an unprecedented new AI capability that will change the cyber landscape. Anthropic developed Mythos, a powerful corporate security tool specially designed for coding and enterprise defense. But mindful of possible misuse, the tool was released under code named "Project Glasswing" to a handful of trusted users.That capability may be getting out into the world sooner rather than later. Bloomberg is reporting the powerful new tool has been used by a "private online forum," without authorization. Other media outlets are chasing. Anthropic says it is investigatingAre we prepared for this new era? What does this mean for all of us? U.S. Chamber CTO Bill Jewell joins Jay Sapsford for this timely, important discussion, with some advice for how companies can protect against these threats today and in the future.The developments of the past two weeks underscore the risks as these powerful new tools enter the workplace and add urgency to understanding their implications for enterprise security, governance, and responsible adoption. This isn’t just a conversation for this or that silo but has implications across the operation.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Can Diplomacy Resolve the Iran Crisis?
Talks in Islamabad have collapsed. A U.S. naval blockade of Iranian ports is now underway. The Strait of Hormuz, through which passes roughly a fifth of the world's seaborne energy, remains effectively closed, triggering what some have called the largest oil supply disruption in history. Hanging in the balance are the world’s economic growth prospects.Can diplomacy find an answer?Ambassador Dennis Ross is one of America's most experienced diplomats, having served across Democratic and Republican administrations alike. Host Jay Sapsford asks him to tap years of experience in the Middle East and help us understand why Iran has proven so resilient, and what pathways remain open for Washington as the conflict turns to a standoff.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Has the Seizure of Russian Assets Undermined the Dollar?
Immediately after Russia invaded Ukraine in 2022, the U.S. and its allies froze roughly $300 billion in Russian central bank reserves. The move shocked the world, signaling that assets – dollar assets – can be seized, setting a frightening precedent for anyone worried about falling out of line with Washington. Joining Jay Sapsford in a special in-person episode live from the U.S. Chamber building in Washington are Josh Lipsky from the Atlantic Council and Edward Fishman from the Council of Foreign Relations.Our guest Lipsky says we have been living with the repercussions ever since, with implications for cross-border payments, digital assets and a growing distrust of the dollar as world currency: “Every time a country builds a new payment system to work around the dollar, you can trace the decision back to this day.”Fishman sees the move as a major step toward ‘economic warfare,’ in which countries leverage geography (Iran with Hormuz) or crucial resources (China with rare earths) to vie with rival and pursue interests. As Fishman describes it, the ultimate chokepoint has been the dollar and the U.S. role in cross-border settlements.All of which raises questions about whether the growing use of sanctions has kicked-started an effort to find a tech-based alternative to the greenback. Or put more simply: Has the seizure of Russian assets undermined the dollar?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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Can the Panama Canal Handle the Iran Fallout?
Ricaurte Vásquez Morales, Administrator of the Panama Canal Authority, the man responsible for a waterway offering many shippers an alternative to the Strait of Hormuz, joins Jay Sapsford to discuss global trade, energy, and strategic infrastructure.The Panama Canal already carries 5% of the world's maritime trade and 40% of all U.S. container traffic. Now, the short-cut between the Pacific and Atlantic oceans faces growing demand after the Iran conflict has forced a real-time rerouting of global shipping. And that surge comes just as Panama was already under intense public scrutiny.Mr. Morales’ team had just addressed a water shortage crisis when a fight broke out between the U.S. and China – its two largest customers - over who operates the terminals on either side of the waterway. Now, the authority is pushing an ambitious expansion to boost its water supply, expand container capacity, and build a new energy pipeline.Morales speaks to what all of this means for the companies that move goods through a consequential 50-mile stretch of water, and what business leaders should expect from one of the world's busiest chokepoints.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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What Does the Iran Crisis Mean for U.S.-China Ties?
The Trump-Xi summit was supposed to take place in the days ahead. It's been delayed -- and sidelined -- by the war in Iran war, which has blocked the Strait of Hormuz, rattled oil markets, raised the risks of inflation and forced a reassessment of a slew of assumptions about the state of play between powers great, medium and small.The under-appreciated player in this global contest is China, hugely dependent on Middle East energy, even as it negotiates trade ties to the U.S. For business leaders, the Iran conflict compounds the high levels of uncertainty that already haunted the relationship between Beijing and Washington, and the world’s two largest economies.Our guest, Robert "Bob" Hormats, Visiting Lecturer at Yale and Former United States Under Secretary of State for Economic Growth, Energy, and the Environment, having advised Henry Kissinger on the original opening to China, has engaged with Beijing at the highest levels across five decades, and as such, is one of the world’s most seasoned voices on the U.S.-China relationship in the world. He discusses this turbulent situation with host Jay Sapsford and gives his take on what happens next.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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How will the Iran War impact global trade?
A few weeks into the War with Iran, it is clear the conflict will hit more than the market for crude. The blockage of the Strait of Hormuz has significant implications for the price – and availability – of petroleum intensive products affecting agriculture, logistics, manufacturing, defense and a slew of other core industries. Scott Lincicome, Vice President of General Economics at the Cato Institute, one of the most cited voices in the national debate over U.S. trade policy, joins host Jay Sapsford to discuss recent moves to ease both Russian sanctions and the Jones Act. They also talk about what the war – and its focus on Hormuz, a vital chokepoint - says about our highly interdependent global economy. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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What drives the ‘New Space Race?’
Jim Bridenstine, Managing Partner of the Artemis Group, former NASA Administrator, former U.S. Representative (R-OK), and a leading voice in American space policy, joins our guest host for this episode, Neil Bradley, the U.S. Chamber’s Executive Vice President, Chief Policy Officer and Head of Strategic Advocacy, to discuss the new space rce.As early as April, the U.S. will launch Artemis II, its first manned space flight in half a century. The planned launch comes amid a new rivalry that echoes the Cold War contest with the USSR. This time, however, the race is with China, with immediate national security implications. And the U.S. is relying more heavily on venture capital and private business. So we will launch the discussion with this frame: What drives the ‘New Space Race?’Bridenstine and Bradley break down the convergence of the China rivalry, military space dominance, satellite technology, and commercial expansion, and what it means for companies operating in defense, telecommunications, logistics, and beyond.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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66
Who Runs Iran After the Crisis?
Suzanne Maloney, Vice President and Director of Foreign Policy at the Brookings Institution and one of Washington’s leading experts on Iran joins host Jay Sapsford for a conversation on Iran, escalation risk, and regional business implications The death of Ayatollah Ali Khamenei has thrown Iran into its most consequential leadership crisis since 1979, with succession questions now emerging under intense pressure, and amid a relentless attack by U.S. and Israeli forces that shows little sign of abating. Much of Iran’s leadership was the target of a successful attack, posing a challenge to anybody running operations across the dynamic markets of the Middle East: Who will run Iran after the crisis? Is this a decapitation strike or nation building? And what are the scenarios affecting business, growth and investment?Maloney breaks down the most plausible paths from here, what the succession mechanics mean in practice, where escalation risk is highest, and the signposts that matter most for business leaders trying to plan through volatility. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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65
Will The Ukraine War Ever End?
Four years in, another round of U.S.-brokered talks have reached no breakthrough. Russia continues to make incremental gains in the east, Ukraine’s energy grid can meet only 60 percent of demand, and Trump is pressing Kyiv for concessions ahead of a June deadline.Ukraine, however, has emerged as a leading innovator in drone and digital warfare, while Russia is increasingly reliant on what Kendall-Taylor calls the “axis of upheaval”: deepening military cooperation among Russia, China, Iran, and North Korea, with significant implications for a shifting global order.Former senior CIA analyst Andrea Kendall-Taylor, Senior Fellow and Director of the Transatlantic Security Program at the Center for a New American Security (CNAS) joins Jay Sapsford to discuss the vital question: How long will the war in Ukraine last, and what will be its lasting impact on the global world order?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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64
Can the Defense Industrial Base Meet the Moment?
Mark Esper, former U.S. Secretary of Defense and now a Managing Partner at Red Cell Partners, joins us to examine the implications, risks and opportunities amid the expanding defense spending commitments across the world. The war in Ukraine has reshuffled the deck. The conflict underscores a shift in battlefield logistics, driving an unprecedented pairing of technology with kinetic capabilities across land, sea, air and space. This, combined with U.S. pushing Europe to increase its share of the collective defense burden, is driving defense commitments to unprecedented levels.It is a global phenomenon, with geopolitical tensions driving spending across regions. But for the defense industry, the greatest challenge may lie in the transatlantic relationship. Mark discusses with Jay Sapsford whether execution can match the ambitions, and whether this becomes a short surge or a durable project that reshapes industrial policy, budgets, and supply chains for the next decade. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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63
Is Venezuela a Precedent for Iran?
The U.S. incursion into Venezuela, and the deposition of President Maduro while leaving his government in place, sets a new model for a U.S. grappling with hostile governments. It leaves in place an existing governance structure and avoids the chaos of Iraq after the U.S. invasion. Now, many wonder whether Venezuela is a template, a model that might be applied to other hotspots such as Iran, another oil rich nation facing popular uprising stemming from significant economic mismanagement. And as an armada of U.S. war ships presses into Iranian waters, Elliott Abrams, Senior Fellow for Middle Eastern Studies at the Council on Foreign Relations and former U.S. Special Representative for Venezuela and Iran, joins Jay Sapsford to discuss the pressing question: Is Venezuela a precedent for Iran? -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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62
Should The Weak Dollar Worry Us?
The dollar has been volatile and weak, falling by double digits over the past year. Equities are strong, rising to valuations that some see as unsustainable. Prices of key metals and materials – gold, copper - are gyrating amid shortages, while yawning deficits are driving sovereign debt, both in the U.S. and abroad, to levels unseen since World War Two.All of which begs us to ask: Are global markets flashing warning signs?Tim Adams, former Under Secretary of the U.S. Treasury for International Affairs, and current President & CEO of the Institute of International Finance, joins us to discuss this vital topic. Few people can match Tim Adams’s insights into capital flows, sovereign risk, and the costs of erratic policies. He tells us what he’s hearing from institutions, what signals he’s watching, what this moment means for business leaders making decisions on how best to navigate the volatility.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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61
What Will Be The U.S. Role In The Next Global Paradigm?
What will be the U.S. role in the next global paradigm? We invited Robert O’Brien, former National Security Advisor during Trump’s first term, to help us define U.S. success amid a landscape that is shifting, often because of changes emanating from Washington. We delve into the National Security Strategy, the administration’s vision for alliances and trade, and how it sees the global interests of the world’s leading economic power. Most importantly, at a time when the U.S. policy shifts happen faster than planning cycles, we ask the former advisor to help us identify which signals matter the most for business.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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60
Why Was Everyone Wrong About Oil Demand?
For years, policy planners have operated on a green assumption: oil demand would eventually de-couple from economic growth. Electric vehicles, cheaper batteries, solar, wind -- all would combine to reduce demand and put us on a long glide path away from crude. Some even put a date on it: 2030 as the moment oil demand would “peak.”So, is the ‘Peak Oil’ thesis still a thing? Robert McNally, President of Rapidan Energy Group and former White House energy adviser, joins host Jay Sapsford to bring his stellar predictive track record to this question, arguing fossil fuel demand could well be stronger than anticipated, while supply will be tough to grow, given the politics and the risk of geopolitical disruption. The upshot: A future in which oil – and energy – is structurally tight. In some cases, very tight.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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59
The Truth Behind China's Export Boom
China enters 2026 targeting 5% growth. But behind the numbers, it grapples with weak domestic demand, a property hangover, high local government debt, and growing external pressure on trade and technology. Beijing’s answer is increasingly framed around expanding ‘new economy’ investments in advanced manufacturing and clean tech. Will that be enough for China to achieve its growth targets?Probably not, says Dan Rosen, co-founder of the Rhodium Group. He joins Jay Sapsford to discuss how these new strategic investments yield too little to compensate for the property bust or declining returns on infrastructure. That, in turn, leaves Beijing even more reliant on exports than ever before, with significant implications for the rest of the world. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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58
Can Europe Rise to the Challenge?
Amid a dramatically shifting global environment, Europe enters 2026 with pressure coming from every direction: security threats from Russia, economic threats from China, political fragmentation, a lagging digital sector, energy insufficiency, rapid aging, surging public debt, and a stagnant economy suffocating in red tape. The stakes for business will be significant, given the trade flows across the Atlantic, by some measures the biggest bilateral economic relationship in the world. U.S. demands over Greenland are the latest sign Europe can no longer rely on the United States for the balance of its hard security while focusing on ever more generous social programs. But what is Europe’s path to revival? Can it rise to the challenge? Featuring the U.S. Chamber's Senior Vice President, Europe, Marjorie Chorlins.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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57
What Washington's 2026 Policy Shifts Mean for Business
Washington policymakers will again navigate a dramatically shifting playing field in 2026, not least because of the midterm elections in November. We can think of no better guide than our very own Neil Bradley to help us understand not only the stakes of the election, but what to expect across the issues that matter most for business. In this conversation, amid the continued uncertainty, we step back and ask: What will the world actually see out of Washington in 2026, and what does it mean for companies making long-term decisions today? We explore the outlook for tariffs and investment policy, the direction of U.S. leadership and alliances, the evolving debate over AI and innovation, and how domestic policy choices (from deregulation to immigration and tax policy) could shape competitiveness in the year ahead. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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56
Are We Ready For "The Brave Old World?"
Beata Javorcik, Chief Economist of the European Bank for Reconstruction & Development is the lead author of the EBRD’s landmark new report, “Brave Old World,” which lays out one of the defining long-term challenges of our time: the demographic reversal. Populations are aging, fertility rates are falling, and fiscal systems, whether in high-income economies or the global south, are coming under strain. This week on The Call for our final episode of the year, Jay Sapsford asks Beata how governments can manage this transition, what an economy built on a shrinking workforce means for growth, how developed and emerging markets should prepare differently, and whether expectations for technology to fill the widening gap are realistic. As Javorcik notes in the report, “Meeting this challenge will require courage.”-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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55
How Best to Meet the China Challenge with Rahm Emanuel
America’s alliances - and the businesses that bind those partnerships - are recovering from the strain of this year’s trade tensions. Amid the rise of China, uncertainties remain over how best to pursue our immediate economic goals while also pursing less tangible, long-term strategic interests. Jay Sapsford asks Ambassador Rahm Emanuel: As alliances evolve, can Washington and its friends effectively deter Beijing? -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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54
Is Slow Port Traffic a Red Flag?
Traffic at America’s ports is one of the most underappreciated indicators of economic prospects - and at the Port of Los Angeles, the nation’s largest, traffic is slowing. That begs a question: Is the slowing port traffic a red flag? Few people see real-time demand, supply chain stress, and geopolitical pressure points as clearly as Gene Seroka, Executive Director of the Port of Los Angeles. Jay Sapsford talks with Gene about what the slowdown means for trade and growth.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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53
How do we square China’s economic malaise with its industrial might?
Seven years ago, economists at Capital Economics, an independent macro-economic consultancy, issued a paper entitled The Coming Slowdown in China. At a time when much of the world was convinced China would overtake the U.S., they argued that tailwinds were already turning into headwinds. Our guest on this episode of The Call is Mark Williams, Chief Asia Economist at Capital Economics, and co-author of the firm’s provocative report. We ask Williams to revisit his firm’s thesis today, seven years on, against a very different backdrop, including an escalating U.S.-China rivalry amid sluggish growth.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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52
What is the U.S. Role in a Chaotic New Era?
Adam Posen, in the most recent issue of Foreign Affairs, published a stark argument that has generated buzz here in DC: The U.S., in his telling, has leveraged its role as a ‘global insurer’ underwriting the risks of the world’s economic system, to extract ever richer premiums from allies, demanding more and more as the price of U.S.-led security. At a time when the world was already undergoing significant changes, Posen joins the Call to raise significant questions about the role of the U.S. in the years ahead: What will be the U.S. role in a chaotic new era? Will it continue to offer security and a financial haven? Or is the U.S. now a source of turmoil, leveraging uncertainty for economic gain?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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51
Is Innovation the New Battlefield?
From autonomous systems to AI-driven targeting, warfare is being redefined by innovation. This week’s guest, former Defense Under-Secretary Michèle Flournoy, argues that America’s ability to deter and win wars, now, depends less on troop strength and more on its capacity to out-innovate its rivals through cutting-edge research, skilled talent, and fast investment. She will outline how deterrence is shifting as defense innovation accelerates worldwide, and allies modernize their military -- and what policy changes, industrial partnerships, and investment priorities should come next.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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50
What Will Shape the 'New Normal' U.S.-China Ties?
With the U.S. and Chinese leaders meeting on the sidelines of APEC this week, the stakes are high: renewed tariff threats, tighter tech and minerals controls, allies under pressure to align, and a security backdrop that refuses to stay quiet. Supply chains, investment plans, and boardroom risk maps all hang in the balance. The question on our mind this week: Can Trump and Xi Find a New Normal? The Chamber's own Charles Freeman joins The Call to explore what a “new normal” could look like: What are the needs of each side? Is there space for deal-making? Might we see more escalation of trade tensions?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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49
Is Japan Ready for President Trump’s Asia Tour?
Japan has made history by electing Sanae Takaichi as its first female prime minister, but her Liberal Democratic Party was forced to shift rightward after centrists lost the premiership. Having just secured Japan’s top post, Takaichi has only days to prepare to meet with President Trump and will have to navigate a slew of difficult issues with a famously unpredictable U.S. leader. David Boling, former Hill staffer, USTR trade negotiator, and currently Director, Japan and Asian Trade at Eurasia Group, helps us unpack a full Japan-U.S. agenda: Japanese defense spending, policy coordination with an increasingly assertive China, and – above all - Japan’s promised investments in the U.S. resulting from recent trade deal signed by Takaichi’s predecessor.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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48
Is America's Global Leadership at Risk?
As the dust of the IMF Annual Meetings settles, the world is now defined by uncertainty. The weaponization of trade, the steep price of resilience, and debt levels set to reach 100% of global GDP by 2030 – all combine for difficult terrain to navigate. This brings forward our question: Who leads in a fragmented world? Robert Zoellick, Chairman of Americas, at Temasek, Singapore’s Sovereign Wealth Fund, former President of the World Bank, U.S. Trade Representative, and Deputy Secretary of State, joins The Call to unpack the next phase of our increasingly fragmented global economy and what it means for business strategy, resilience, and U.S. leadership. -The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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47
Can the Global Economy Retain its Resilience? Live from IMF
Pierre-Olivier Gourinchas joins the Call live from the IMF meetings in Washington., which is happening amid surging public debt levels, growing trade restrictions, and technological advances that promise to reshape labor and productivity.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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46
What are the Risks of a Fragmented World?
Gita Gopinath joins The Call just days before the IMF Annual Meetings, at a moment when the question for governments and businesses alike is clear: Can the global economy grow in a fragmented world? With debt levels surging, trade disputes escalating, and AI transforming labor markets, the stakes for CEOs and policymakers have rarely been higher.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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45
Should Argentina scrap the peso and adopt the U.S. dollar?
Absolutely not, says this says this week’s guest. Mark Sobel, U.S. Chairman at OMFIF and former U.S. representative to the IMF, explained, “dollarization is not the answer. What Argentina needs is a flexible exchange rate, not a trap with no exit.” Sobel joins Jay Sapsford to explore why Argentina keeps stumbling into crisis, the risks of Washington’s latest bailout, and why the peso still matters for the country’s future.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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44
What If The War in Ukraine Doesn't End?
The UN General Assembly is convening next week, for the fourth time since Russia’s invasion of Ukraine—and once again, the war will be high on the agenda. As the conflict nears its fourth year with no end in sight, the war is contributing to a global military build up, which reached a record $2.7 trillion in 2024, a surge not seen since the Cold War. John Lough, Head of Foreign Policy at the New Eurasian Strategies Centre, joins this week’s episode as the conflict extends into a grinding war of attrition: disrupting Europe’s security order, straining defense stockpiles, reshaping trade and energy flows while its sparking debate among allies over how to support the resistance. For those of us on the Chamber’s Global Intelligence Desk, the central question is no longer about how this war ends, but rather, what if it drags on for years to come? What are the costs of an open-ended conflict for Ukraine, Europe, and the global economy?-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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43
The Fed’s Tightrope - Can It Revive Growth?
With markets bracing for the Fed’s rate decision today, former Cleveland Fed President & CEO Loretta Mester joins Jay Sapsford on this week’s episode to weigh the risks: insurance cuts vs. the danger of reigniting inflation.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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42
Is Copper the Next Geopolitical Battleground?
Jeffrey Currie, Chief Strategy Officer of Carlyle’s Energy Pathways, joins the Call to unpack copper’s price whiplash, the coming U.S. tariffs, and why this ancient metal’s resurgence has become a heated subject matter in corporate boardrooms. Currie, widely known for calling copper the “new oil”, will explain its surging demand, driven by its growing role in semiconductors and EVs, in AI plans and data centers, electrical grids, and arms manufacturing. Meeting that demand won’t be easy. New mining projects face hurdles, ore grades are declining, and bottlenecks in refining and smelting persist. Meanwhile, news of tariffs on some copper imports, but not others, underscores the complicated strategic role of this commodity. Currie, who has warned of underinvestment in the physical economy, will break down what’s real, what’s policy-driven, and where copper fits into the roiling national security debate over the cost and supply of crucial commodities. As he puts it, “Wars are won with supply chains and capital.”-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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41
Can the U.S. Maintain a Chip Industry Edge?
John Neuffer, President & CEO of the Semiconductor Industry Association, joins host Jay Sapsford to provide the broad context of the cross-border tensions for perhaps the world’s most innovative sector, a $600 billion chips industry that supplies the brains embedded in everything from computers and cars to cell phones and refrigerators.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn: / global-intelligence-desk
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ABOUT THIS SHOW
Hosted by Jay Sapsford, The Call delivers timely and incisive analysis to help businesses navigate risks and opportunities.
HOSTED BY
The U.S. Chamber of Commerce Global Intelligence Desk
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