In today's episode, we explore the recent de-escalation in the US-China trade war, with both nations agreeing to significant tariff reductions. We also delve into China's newly released white paper on national security, which outlines its strategic priorities and ambitions on the global stage. Join us as we discuss the economic and political implications of these developments with our correspondents.Sources:https://www.csis.org/analysis/understanding-temporary-de-escalation-us-china-trade-warhttps://www.oxfordeconomics.com/resource/us-china-tariff-deal-signifies-a-major-de-escalation/https://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/https://www.fitchratings.com/research/sovereigns/us-china-tariff-de-escalation-does-not-signal-trade-normalisation-13-05-2025https://www.advisorperspectives.com/commentaries/2025/05/16/us-china-trade-truce-impact-market-economic-viewshttps://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/https://budgetlab.yale.edu/research/state-us-tariffs-may-12-2025https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/https://budgetlab.yale.edu/research/state-us-tariffs-may-12-2025https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/https://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/https://economictimes.com/news/international/global-trends/china-us-agreed-to-establish-economic-and-trade-consultation-mechanism-chinese-vice-premier-he-lifeng/articleshow/121098504.cmshttps://english.www.gov.cn/news/202505/12/content_WS68212d5fc6d0868f4e8f2731.htmlhttps://www.youtube.com/watch?v=T0Pcu0krVKchttps://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/https://www.whitehouse.gov/articles/2025/05/u-s-announces-china-trade-deal-in-geneva/https://home.treasury.gov/news/press-releases/sb0132https://www.youtube.com/watch?v=J7ymkN3aoEMhttps://www.youtube.com/watch?v=R6v31DFVlkkhttps://english.www.gov.cn/news/202505/12/content_WS6821a417c6d0868f4e8f279b.htmlhttps://english.www.gov.cn/news/202505/12/content_WS6821a354c6d0868f4e8f279a.htmlhttps://behorizon.org/chinas-national-security-in-the-new-era-anxious-power-ambitious-vision/https://www.chinadaily.com.cn/a/202505/12/WS68219d5ca310a04af22becb1.htmlhttps://www.chinadailyasia.com/article/611516