President Trump has announced a 90-day pause on new tariffs for most countries and a steep increase to tariffs on China. The 125% tariff rate on China comes after China retaliated in an escalating trade war between the two largest economies in the world. For most other countries, a 10% tariff remains in place, but higher tariffs were paused just hours after they went into effect, causing global stock markets to shoot back up after a historic plunge. We speak with two economists, Nancy Qian and Joseph Stiglitz, about the “chaos” of the week since Trump’s initial ...
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