“The economic costs were beginning to become much more obvious—not just in terms of the market volatility, but potential shortages, inflation, the rare earths restrictions that the Chinese imposed. Those were going to bite soon.” On May 12, the White House announced a 90-day pause in the trade war between the United States and China and a significant reduction in tariffs following talks in Geneva. However, the impacts of the tariffs are already being felt by American consumers.

Scott Kennedy, senior adviser and director of the CSIS Trustee Chair in Chinese Business and Economics, and Philip Luck, director of the CSIS Economics Program and Scholl Chair in International Business, join the podcast to discuss the suspension in trade measures and what might come next.