President Donald Trump has authorised a 90-day pause on reciprocal tariffs for all countries except for one, China. The president slapped a bespoke 145% tariff on Beijing, effectively ending trade between the world’s two largest economies. 

What does this new world order mean for the rest of us? Where will this tit-for-tat trade war end? Will there be any winners? Or could it escalate into something much worse?

On this episode of The Fourcast, Matt Frei is joined by Fiona Hill, who was senior director for European and Russian affairs on the US National Security Council during the first Trump presidency and is now a senior fellow in the Centre on the United States and Europe at the Brookings Institution.

Produced by Calum Fraser, Ka Yee Mak, Tom Gordon-Martin, Rob Thomson