Ep. 52 – WITA’s Friday Exchange: Return of the Tariff Hammer? Presidential Trade Power and the Graham Russia Sanctions Bill

07/17/2026

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WITA

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Former Trade Negotiators Discuss This Week’s Tariff Trade Developments.

No one understands the dynamics with key U.S. trading partners better than the people who led these kinds of difficult trade negotiations for the United States. Panelists will update our viewers on the trade policy announcements, what remains undone; and what are expected next steps in these trade negotiations.

In this week’s episode, our trade insiders dug into the “Graham Bill” – the bipartisan, bicameral Russia sanctions bill and its open-ended tariff authority. They debated its potential trade repercussions, whether tariffs or targeted export controls are the more effective tool, and whether placing tariffs on allies drives wedges rather than results. They also examined the administration’s broader push to reconstruct a tariff regime reminiscent of the IEEPA era, Brazil’s Section 301 case as a possible preview of what’s ahead, stalled negotiations with India, Vietnam’s own Section 301 investigation, and why trading partners may be slow-walking talks. The episode also returned to a broader question running through the discussion: will Congress take steps to reclaim its trade authority, or continue delegating authority to the Executive?

Featured Speakers: 

Blake Harden, Managing Director, Washington Council Ernst & Young; previously served as Trade Counsel on the House Ways & Means Committee; and in the office of the Chief Counsel at U.S. Customs and Border Protection

Mayur Patel, Partner, Hogan Lovells; former Chief International Trade Counsel, U.S. Senate Committee on Finance

Neena Shenai, Partner, International Trade Investment and Market Access, WilmerHale; former Trade Counsel, House Committee on Ways and Means

Moderator: Mike Smart, Managing Director, Rock Creek Global Advisors; former Director for International Trade and Investment, National Security Council, The White House; former Trade Counsel, Democratic Staff, U.S. Senate Committee on Finance