At BP, we've reset our strategy to grow value for shareholders, growing upstream, focusing downstream, playing to our strengths, and disciplined investment in the transition.

This is a reset BP. Find out more at BP.com forward slash reset. Transition activities such as EV charging, bioenergy and renewables are a much smaller but key part of our business.

The Economist.

Hello and welcome to the intelligence from The Economist.

I'm your host, Rosie Bloor.

Every weekday, we provide a fresh perspective on the events shaping your world.

After a flurry of leaders visited Keefe this weekend, Zelenskyi has laid down the gauntlet.

The question is whether Putin will take up his offer for talks in person in Istanbul on Thursday.

And the contrast between the quiet and loud parts of a piece of music help keep us listening.

But clever audio producers have found a way to manipulate that difference.

Now scientists think this technique could be affecting our hearing.

Music affecting our hearing. First up, though.

This morning, another colossal reversal.

China, first row, China, 67%.

That's tariffs charged to the USA, including currency manipulation and trade barriers.

Trump's tariffs against China were the centerpiece of his grand Liberation Day trade plans,

and on both sides' duties had been ratcheting up and up.

But this weekend, after negotiations in Geneva, the two countries agreed to substantially cut their

respective import tariffs for 90 days.

Both sides on the reciprocal tariffs will move their tariffs down 115%.

We had very robust discussions.

Both sides showed a great respect.

...