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Jamie Dimon says he wouldn't count on China folding under Trump's tariffs: 'They're not scared, folks.' Business InsiderTop Banker Calls BS On Trump's Claim He'll Make China Fold The Daily BeastJamie Dimon identifies 'most important' focus for Trump team amid global 'tectonic' shifts Fox Business
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US calls for Asia allies to boost defenses in face of China's ‘imminent' threat, Hegseth tells top defense forum CNNHegseth Warns of ‘Devastating Consequences' Should China Seek to ‘Conquer' Taiwan WSJChina accuses Pete Hegseth of sowing division in Asia in speech ‘filled with provocations' The GuardianHegseth says the U.S. will reposition military amid threat from China NPR
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Over the last few months U.S.-China trade relations have been pretty hard to make sense of - unless you look at what's happening through the lens of game theory. Game theory is all about how decisions are made, based not just on one side's options and payoffs, but on the choices and incentives of others.
So, are Donald Trump and Xi Jinping competing in a simple game of chicken? Or is the game more like the prisoner's dilemma? On today's show, we try to decide which of four possibilities might be the best model for this incredibly high-stakes game. And we take a look at who is playing well and who might need to adjust their strategy.
For more on the U.S.-China trade war:
- The 145% tariff already did its damage
- What happened to U.S. farmers during the last trade war
- What "Made in China" actually means
This show was hosted by Keith Romer and Amanda Aronczyk. It was produced by Sam Yellowhorse Kesler. It was edited by Jess Jiang, fact-checked by Sierra Juarez and engineered by Kwesi Lee with help from Robert Rodriguez and Cena Lofreddo. Additional production help from Sylvie Douglis. Alex Goldmark is Planet Money's executive producer.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Listen free at these links: Apple Podcasts, Spotify,
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