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  <title>The Big 3</title>

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  <copyright>© 2026 The Big 3</copyright>
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  <itunes:author>Coalition for a Prosperous America</itunes:author>
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  <description><![CDATA[<p>The Big 3 with CPA economists Mihir Torsekar and Andrew Rechenberg breaks down the three biggest stories shaping U.S. trade, industrial policy, and the American economy each week.&nbsp;</p><p><br></p><p>From tariffs, China, and supply chains to inflation, manufacturing, and economic security, Mihir and Andrew cut through the noise with sharp analysis to explain what’s really happening—and who it benefits. Focused on what matters for American workers and producers, The Big 3 connects the headlines to the deeper forces reshaping the U.S. economy—and what that means for the future of U.S. competitiveness.</p>]]></description>
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    <itunes:title>Metals, Medicine, and &quot;Liberation Day&quot; One Year Later</itunes:title>
    <title>Metals, Medicine, and &quot;Liberation Day&quot; One Year Later</title>
    <itunes:summary><![CDATA[On this week’s episode of The Big 3, CPA economists Mihir Torsekar and Andrew Rechenberg focused on a new metals proclamation, a pharmaceutical proclamation, and the one-year anniversary of President Trump's Liberation Day tariffs. The team explain why the new metals action is so significant: steel, aluminum, and copper tariffs will now apply to the full customs value of imported products rather than just the declared value of their metal content, a change aimed at stopping chronic undervalua...]]></itunes:summary>
    <description><![CDATA[<p>On this week’s episode of The Big 3, CPA economists Mihir Torsekar and Andrew Rechenberg focused on a new metals proclamation, a pharmaceutical proclamation, and the one-year anniversary of President Trump&apos;s Liberation Day tariffs. The team explain why the new metals action is so significant: steel, aluminum, and copper tariffs will now apply to the full customs value of imported products rather than just the declared value of their metal content, a change aimed at stopping chronic undervaluation and customs gaming. They also noted the new tiered structure and the need to keep exemptions narrow.<br/><br/>Second, the conversation turned to pharmaceuticals, where the administration made a positive national-security finding and imposed a 100% tariff on patented brand-name drugs and key inputs for companies without U.S. production plans, while creating lower tariff tiers for firms that invest onshore. The hosts welcomed the move but argued generics still need to be included, given their central role in U.S. healthcare.<br/><br/>Finally, they assessed Liberation Day one year on, arguing that the worst tariff predictions never materialized. Instead, they pointed to stronger durable goods orders, rising industrial production, sector-specific gains in metals and autos, and little evidence that tariffs are meaningfully driving inflation.</p><p><br/></p><p><br/></p>]]></description>
    <content:encoded><![CDATA[<p>On this week’s episode of The Big 3, CPA economists Mihir Torsekar and Andrew Rechenberg focused on a new metals proclamation, a pharmaceutical proclamation, and the one-year anniversary of President Trump&apos;s Liberation Day tariffs. The team explain why the new metals action is so significant: steel, aluminum, and copper tariffs will now apply to the full customs value of imported products rather than just the declared value of their metal content, a change aimed at stopping chronic undervaluation and customs gaming. They also noted the new tiered structure and the need to keep exemptions narrow.<br/><br/>Second, the conversation turned to pharmaceuticals, where the administration made a positive national-security finding and imposed a 100% tariff on patented brand-name drugs and key inputs for companies without U.S. production plans, while creating lower tariff tiers for firms that invest onshore. The hosts welcomed the move but argued generics still need to be included, given their central role in U.S. healthcare.<br/><br/>Finally, they assessed Liberation Day one year on, arguing that the worst tariff predictions never materialized. Instead, they pointed to stronger durable goods orders, rising industrial production, sector-specific gains in metals and autos, and little evidence that tariffs are meaningfully driving inflation.</p><p><br/></p><p><br/></p>]]></content:encoded>
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    <itunes:author>Coalition for a Prosperous America</itunes:author>
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    <pubDate>Fri, 10 Apr 2026 12:00:00 -0400</pubDate>
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    <itunes:duration>1357</itunes:duration>
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    <itunes:episode>2</itunes:episode>
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    <itunes:title>Wartime Footing: How the United States Can Reverse China&#39;s Dominance of Battery Minerals Processing</itunes:title>
    <title>Wartime Footing: How the United States Can Reverse China&#39;s Dominance of Battery Minerals Processing</title>
    <itunes:summary><![CDATA[THIS WEEK'S EPISODE OF "THE BIG 3" focused on the national security risks of America’s dependence on China for critical minerals processing, especially in the lead-acid battery supply chain.  CPA senior economists Mihir Torsekar and Andrew Rechenberg were joined by retired Major General Bill Crane and retired Rear Admiral Peter Brown to discuss CPA’s new report with the Responsible Battery Coalition on how the United States can reverse China’s dominance in minerals processing.  The conversati...]]></itunes:summary>
    <description><![CDATA[<p><b>THIS WEEK&apos;S EPISODE OF &quot;THE BIG 3&quot;</b> focused on the national security risks of America’s dependence on China for critical minerals processing, especially in the lead-acid battery supply chain.<br/><br/>CPA senior economists Mihir Torsekar and Andrew Rechenberg were joined by retired Major General Bill Crane and retired Rear Admiral Peter Brown to discuss <a href='https://prosperousamerica.org/new-cpa-responsible-battery-coalition-report-warns-chinas-dominance-of-battery-processing-is-a-threat-to-u-s-national-security/'>CPA’s new report with the Responsible Battery Coalition</a> on how the United States can reverse China’s dominance in minerals processing.<br/><br/>The conversation first explored why lead-acid batteries remain indispensable to the American economy and military readiness, powering everything from trucks and hospitals to telecom systems and defense infrastructure.<br/><br/>The second segment examined the strategic vulnerability created by China’s control over antimony processing, ports, shipping, and industrial inputs, with guests warning that America has offshored not just production, but surge capacity in the event of conflict.<br/><br/>The final segment turned to policy solutions, including Project Vault, tariffs, domestic stockpiling, maritime capacity, and the importance of extending the 45X tax credit to encourage onshore processing and manufacturing.<br/><br/><b>The message was clear:</b> <em>Economic security and national security are inseparable, and rebuilding America’s industrial base is essential not only for today’s competitiveness, but for future generations.</em></p>]]></description>
    <content:encoded><![CDATA[<p><b>THIS WEEK&apos;S EPISODE OF &quot;THE BIG 3&quot;</b> focused on the national security risks of America’s dependence on China for critical minerals processing, especially in the lead-acid battery supply chain.<br/><br/>CPA senior economists Mihir Torsekar and Andrew Rechenberg were joined by retired Major General Bill Crane and retired Rear Admiral Peter Brown to discuss <a href='https://prosperousamerica.org/new-cpa-responsible-battery-coalition-report-warns-chinas-dominance-of-battery-processing-is-a-threat-to-u-s-national-security/'>CPA’s new report with the Responsible Battery Coalition</a> on how the United States can reverse China’s dominance in minerals processing.<br/><br/>The conversation first explored why lead-acid batteries remain indispensable to the American economy and military readiness, powering everything from trucks and hospitals to telecom systems and defense infrastructure.<br/><br/>The second segment examined the strategic vulnerability created by China’s control over antimony processing, ports, shipping, and industrial inputs, with guests warning that America has offshored not just production, but surge capacity in the event of conflict.<br/><br/>The final segment turned to policy solutions, including Project Vault, tariffs, domestic stockpiling, maritime capacity, and the importance of extending the 45X tax credit to encourage onshore processing and manufacturing.<br/><br/><b>The message was clear:</b> <em>Economic security and national security are inseparable, and rebuilding America’s industrial base is essential not only for today’s competitiveness, but for future generations.</em></p>]]></content:encoded>
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    <itunes:author>Coalition for a Prosperous America</itunes:author>
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    <pubDate>Fri, 27 Mar 2026 13:00:00 -0400</pubDate>
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    <itunes:duration>2524</itunes:duration>
    <itunes:keywords>antimony, batteries, chemicals, China, Chinese Communist Party, cobalt, critical minerals, Critical Minerals Leadership Roundtable, data centers, Department of Defense, department of war, economic report, Economic Research, economic security, economy, exp</itunes:keywords>
    <itunes:season>1</itunes:season>
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