Duty falls: US and China reach a deal

责任降临:美中达成协议

The Intelligence from The Economist

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2025-05-12

21 分钟
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Tariffs against China were the centrepiece of Donald Trump's “Liberation Day” trade plans. Our correspondent explains the significance of a new 90-day hiatus. Will Ukraine and Russia come to the negotiating table this week (7:51)? Why new techniques to compress the contrast between loud and quiet music could be damaging our hearing (15:35). And help us improve the show by taking this survey.  Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+
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  • The Economist Hello and welcome to The Intelligence from The Economist.

  • I'm your host, Rosie Bloor.

  • Every weekday we provide a fresh perspective on the events shaping your world.

  • After a flurry of leaders visited Kyiv this weekend, Zelensky has laid down the gauntlet.

  • The question is whether Putin will take up his offer for talks in person in Istanbul on Thursday.

  • And the contrast between the quiet and loud parts of a piece of music help keep us listening.

  • But clever audio producers have found a way to manipulate that difference.

  • Now, scientists think this technique could be affecting our hearing.

  • First up, though.

  • This morning, another colossal reversal.

  • China, first row.

  • China, 67%.

  • That's tariffs charged to the USA, including currency manipulation and trade barriers.

  • Trump's tariffs against China were the centerpiece of his grand Liberation Day trade plans.

  • and on both sides duties had been ratcheting up and up.

  • But this weekend, after negotiations in Geneva,

  • the two countries agreed to substantially cut their respective import tariffs for 90 days.

  • Both sides on the reciprocal tariffs will move their tariffs down 115%.

  • We had very robust discussions.

  • Both sides showed great respect.