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On October 11, U.S. President Donald Trump and top Chinese negotiator, Vice Premier Liu He, announced a truce in the 15-month trade war between the two countries. Both parties have expressed hope this “phase one” agreement will make room for further progress.

But will it? Those covering the trade war have seen moments like this before, only to see both sides retreat back to their corner.

On today’s podcast, two reporters on the trade war – Nathan King and Owen Fairclough – compare notes on what we’ve seen so far, who it’s affected, and where we might be going from here… or not.