The trade war between the US and China is on pause, with both sides hoping to agree on a new trade deal by early August. But questions remain about how realistic that timetable could be, given the challenges facing the world’s two largest economies, who both collaborate and compete with one another.

On today’s Big Take podcast, Former US Ambassador to China Nicholas Burns joins host David Gura to discuss the trade war, the challenges facing his successor and what he’s telling foreign policy students who are worried about the future of diplomacy. “We’ve gotta steel ourselves for the next decade or two to a historic competition with China. And China right now is stronger.”

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Despite the global hype around China’s DeepSeek, very little is known about the man behind it – Liang Wenfeng.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Saritha Rai about the tech founder who led DeepSeek to the frontline of AI advances and what the company’s rise tells us about the battle for AI dominance.

Further listening: Why DeepSeek Sent Nvidia, Other Tech Stocks Tumbling

Watch, from Originals: How China’s DeepSeek Came for Big AI

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In a stunning turn of events, the US and China announced a dramatic reduction in tariffs, which President Trump portrayed as a “total reset” with China. Stocks rose following the news, but what lies ahead once the 90-day reprieve expires remains uncertain.

On today’s Big Take podcast, Bloomberg Treasury reporter Dan Flatley joins host David Gura to discuss the major takeaways from these latest negotiations and what they could mean for the world’s two largest economies.

Read more:

• ‘Buy America’ Sweeps Across Global Markets After Trade Talks
• China Tariff Relief Spurs Shipping Rush, U-Turn on Price Hikes
• Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap

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