trade war

A cooperative relationship with China has been a pillar of U.S. foreign policy for more than half a century. So why does the Trump administration think it’s time for a change? Guest: Edward Wong, a diplomatic correspondent for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily

Background reading:

• Why top aides to President Trump want to leave a lasting legacy of ruptured diplomatic ties between China and the United States.

An ad for the Peloton exercise bike sparks outrage, President Trump spars with France's Emmanuel Macron at the NATO summit, and Ta-Nehisi Coates discusses "The Water Dancer."

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It's no secret that a lot of the trade tensions between the U.S. and China have centered on technology, and China has accused the U.S. of trying to stymie its economic development by suppressing its technological advancement. This week's Odd Lots guest argues that, while there are few historical precedents for this sort of technological suppression, there are a lot of them in science fiction. Laban Yu, head of Hong Kong and China research at Jefferies, walks us through the surprising overlap between sci-fi and the trade war.

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There's always bears out there predicting that the stock market will tank. But many of them aren't worth listening to because they're always saying the same thing, regardless of the market environment. What's interesting, though, is when a longtime bull changes his or her mind. On this week's Odd Lots podcast, we speak with Bloomberg's very own macro strategist Mark Cudmore. He's been consistently bullish and optimistic about the market and the economy since 2011. But, in the last several weeks, he's flipped his view and is now warning about a recession and a market tumble. On this episode, he explains his reasoning.

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China has a plan for how it wants to transform into a modern economy. But the future of China’s economy is complicated both by internal factors like debt-fueled growth, as well as external challenges like a potentially drawn out trade war with the U.S. On this week’s Odd Lots, George Magnus, author of “Red Flags: Why Xi’s China is in Jeopardy,” explores these pressures and more. 

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