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Trade War And Peace

President Trump and Chinese President Xi Jinping agreed Saturday to a 90-day halt on new tariffs, hailed as a cease-fire in the countries' trade war.
Pablo Martinez Monsivais
/
AP

The U.S. and China have been escalating tariffs against each other for most of this year. Hundreds of billions of dollars worth of goods have been taxed and companies all over the world have been scrambling to adapt. The impact on the two largest economies in the world has been undeniable. But a dinner over the weekend between President Donald Trump and President Xi Jinping seemed to move toward a partial resolution. At least for now.

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Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money. She's also a correspondent for Planet Money, where she covers business and economics. In this role, Smith has followed economic stories down the muddy back roads of Oklahoma to buy 100 barrels of oil; she's traveled to Pune, India, to track down the man who pitched the country's dramatic currency devaluation to the prime minister; and she's spoken with a North Korean woman who made a small fortune smuggling artificial sweetener in from China.
Cardiff Garcia is a co-host of NPR's The Indicator from Planet Money podcast, along with Stacey Vanek Smith. He joined NPR in November 2017.