The Intelligence from The Economist Duty falls: US and China reach a deal
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May 12, 2025 
Simon Cox, the China economics editor at The Economist, and Oliver Carroll, a foreign correspondent based in Kyiv, discuss significant shifts in US-China trade relations, focusing on a new 90-day tariff hiatus. They delve into the impact of this agreement on global economic dynamics and explore the complexities of ongoing Ukraine-Russia negotiations. Additionally, the conversation touches on how audio compression technology could detrimentally affect hearing, incorporating humor and intriguing studies along the way.
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US-China Tariff Truce
- The US and China agreed to cut massive reciprocal tariffs from 125% to 10% for 90 days.
- This major tariff rollback signals a temporary truce in the trade war with benefits for both economies.
Tariff Cuts Benefit Both Sides
- Cutting tariffs is a mutual benefit, not a concession to China.
- This tariff reduction benefits American consumers by lowering prices on goods.
Zelensky's Bold Peace Challenge
- European leaders made a strong show of unity in Kyiv to pressure Russia towards peace talks.
- Zelensky cleverly challenged Putin to meet for talks contingent on a ceasefire, navigating diplomatic complexity.