This episode explores the escalating trade war between the U.S. and China, focusing on the impact of President Trump's substantial tariffs on Chinese exports. Against the backdrop of reciprocal tariff increases reaching triple digits, the episode features an interview with NPR's John Rewitsch in Beijing, detailing the rapid escalation of tariffs and the resulting uncertainty in the market. More significantly, the discussion highlights China's recent decision to halt its tit-for-tat tariff increases, signaling a potential shift in strategy while maintaining a firm stance on protecting its interests. For instance, the impact on businesses and consumers is illustrated through the experiences of a businesswoman in Yiwu and the concerns expressed by American CEOs during earnings calls. The episode also delves into the Trump administration's efforts to deport foreign nationals legally in the U.S., using the case of Mahmoud Khalil as a focal point, highlighting legal challenges and concerns about due process. What this means for the future of US-China trade relations and the broader implications for immigration policy remains uncertain, with experts expressing concerns about the potential for further economic pain and the erosion of civil liberties.
