The Trump Administration has thrown global financial markets into chaos with its massive but on-again, off-again tariffs against America's trading partners, both large and small. The White House has at times framed the tariffs as a revenue generation scheme, at other times framed them as an attempt to return manufacturing to the US, and at still other times has said they are an attempt to gain concessions from other countries on non-economic issues.

What are the goals of the tariffs, how has the administration calculated them, and what are their likely effects on global finance and trade? To answer these questions and others, Dr. Mark Duckenfield, Professor of International Economics at the US Army War College, joins host Bob Hamilton on Chain Reaction.

This week on Chain Reaction, we feature an installment of the Baltic Ways podcast. Host Indra Ekmanis welcomes back professors Margarita Šešelgytė (Vilnius University), Daunis Auers (University of Latvia), and Andres Kasekamp (University of Toronto) for a roundtable discussion on the first two months of Donald Trump’s second term and the US administration’s impact on the Baltic countries and broader Europe. This episode was recorded on March 14, 2025.

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Baltic Roundup | March 2025

A look back on the month’s major political, cultural, and economic events in Estonia, Latvia, and Lithuania.

Explore more from FPRI’s Baltic Initiative here.

Baltic Ways is a podcast from the Association for the Advancement of Baltic Studies, produced in partnership with the Baltic Initiative at the Foreign Policy Research Institute. The views and opinions expressed in this podcast are those of the authors and do not necessarily reflect the official policy or position of AABS or FPRI.

The two weeks after Donald Trump and Volodymyr Zelensky’s Oval Office clash have precipitated drastic shifts in transatlantic relations and the potential trajectory of Russia’s war in Ukraine. Now a possible ceasefire is on the horizon.

This week on the Bear Market Brief podcast, host Aaron Schwartzbaum and Maximilian Hess make sense of the Oval Office blow-up, discuss President Trump’s strategic aims, Russia’s goals, Europe’s response, the US-Ukraine minerals deal, and what might come next with Russia sanctions.

This episode was recorded on March 3, 2025.

For more about economic warfare in the 21st century, be sure to check out Max’s newsletter, Conflict and Credit.