The tit-for-tat tariff escalations between the US and China are on pause, no less than quickly. But when the world’s two largest economies don’t make progress by July, they may return with a vengeance. How can the 2 events make progress? And what does China truly need from the US? Soumaya Keynes speaks to Jay Shambaugh to search out out. Shambaugh was the US Treasury’s undersecretary for worldwide affairs beneath Joe Biden. In different phrases, he was accountable for the US’s financial relationship with China. He and Soumaya focus on how the Trump administration may negotiate with China, and the way interwoven commerce coverage and nationwide safety have turn into.
Additional studying:
Will Trump’s tariff climbdown save the US from recession?
The markets are declaring tariff victory too soon
US-China trade war is pushing Asian nations to pick sides, ministers warn
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Introduced by Soumaya Keynes. Produced by Mischa Frankl-Duval. Flo Phillips is the chief producer. Authentic music and sound design by Breen Turner. The FT’s appearing co-head of audio is Manuela Saragosa.
