The Evening: External Revenue Service, Trudeau Promises Retaliation, Garth Hudson, and More

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Good Evening,

It's Tuesday, January 21st.

External Revenue Service

President Trump has promised to generate a “massive” amount of revenue with tariffs on foreign products, an amount so big that the president said he would create a new agency—the External Revenue Service—to handle collecting the money, as the NYT reports

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Trudeau Promises Retaliation

Canadian Prime Minister Justin Trudeau warned President Trump that his renewed pledge to impose a 25% tariff on all Canadian imports, reiterating on Tuesday his willingness to retaliate forcefully against U.S. tariffs—perhaps matching with dollar-for-dollar Canadian tariffs—and to provide financial support to households and businesses to deal with the consequences, as the WSJ reports

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Israeli Military Chief Resigns; Truce Holds

Israel’s top military chief announced that he will resign in March, marking the highest-level departure in response to the Hamas attacks of Oct. 7, 2023, and coinciding with the start of a fragile ceasefire with Hamas in Gaza, as The Washington Post reports

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Executive Education

Expand your professional horizons with the CSIS Accelerator Series

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. Work alongside CSIS policy experts and top industry leadership coaches to develop leadership, management, communication, and other professional skills needed to excel in today’s global landscape.

Audio Briefs

CSIS now offers audio versions of our latest analysis. Listen to the latest Critical Questions by CSIS's Jon B. Alterman, "Israel and Hamas Reach a Ceasefire

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In That Number

18,000

​​18,000 people have been forced to flee their homes in Colombia amid fierce clashes between two rival armed groups on the border with Venezuela.

Source: NYT

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Critical Quote

“Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens. It will be massive amounts of money pouring into our Treasury coming from foreign sources.”

—President Donald Trump

iDeas Lab

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China’s manufacturing boom

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has fueled decades of export-oriented economic growth, undercutting foreign competitors and contributing to a growing appetite for tariffs in the United States and Europe.

The Andreas C. Dracopoulos iDeas Lab at CSIS enhances our research with the latest in cutting-edge web technologies, design, and multimedia.

Optics

(Photo credit: Gavril Grigorov/Pool/AFP/Getty Images.) Russian President Vladimir Putin holds a video call with Chinese President Xi Jinping at the Novo-Ogaryovo state residence outside Moscow on January 21, 2025.

Recommended Reading

“Israel and Hamas Reach a Ceasefire

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” by CSIS’s Jon B. Alterman.

This Town Tomorrow

At 11:00 a.m.

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, the CSIS Korea Chair hosts a new episode of “The Impossible State Live Podcast” on what comes next for the Korean Peninsula under the second Trump administration.

Later, at 2:00 p.m.

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, the CSIS Energy Security and Climate Change Program holds a panel discussion on the key takeaways of the IEEJ 2025 Outlook.

Earlier, at 10:00 a.m.

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, Brookings discusses how the United States can prepare for domestic climate migration and primary climate change governance.

Video

U.S. Congressman Michael McCaul (R-TX) joins Pacific Policy Pulse to discuss his trip to Australia, the congressional legislative agenda for 2025, and why he's reading Arthur Herman's Freedom's Forge. Watch the full video here.

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Podcasts

Julian Pecquet, United States correspondent for the Africa Report, joins CSIS's Mvemba Phezo Dizolele to examine the complexities of U.S.-Africa relations amid pressing geopolitical challenges and a transition to a new U.S. administration.

Listen on Spotify

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& Apple Podcasts

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Smiles

The last surviving member of one of the most important groups in rock history has died at 87. Garth Hudson, The Band’s keyboard genius will forever be remembered for the signature sonic architecture that he contributed to The Band’s iconic sound. Hudson was a classically trained musician, and when he first joined The Hawks, the precursor to The Band, he did so on one famous condition—that the other members of the group pay him $10 per week for “music lessons,” in order to justify joining a rock and roll band to his parents.



Hudson helped shape timeless songs like “Up on Cripple Creek,” but if you want a sense of his sheer wizardry, watch this famous clip of “The Genetic Method/Chest Fever

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” from the Scorsese film “The Last Waltz.”

I invite you to email me at [email protected]

mailto:[email protected]

and follow me on Twitter @handrewschwartz

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The Evening is my daily guide to key insights CSIS brings to the events of the day. It is composed by Lauren Adler, Ava Rose, and the External Relations team.

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