Well, I thought that people were jumping a little bit out of line.

They were getting yippy, you know?

They were getting a little bit yippy, a little bit afraid,

unlike these champions.

In a dramatic twist, President Trump has announced

an abrupt suspension of the tariff policy

that spook the markets and threatened to upend world trade.

While many partners have been given a temporary reprieve, Washington's tit-for-tat with Beijing

has reached new heights.

Where does that leave the credibility of the Trump administration on tariffs.

Welcome to PowerPlay Politico's weekly podcast,

where we talk to some of the voices shaping transatlantic thinking in the new Trump era.

I'm your host, Anne McElvoy.

If a week of market turmoil and looming trade war with China wasn't enough to shift the world on its axis,

President Trump's partial climb down, a 90-day pause on higher tariffs for over 60 countries,

has created yet more uncertainty.

By increasing the rate on Chinese imports to a staggering 125%, the stakes

for the world's two largest economies have risen yet again. Before the president made his

announcement on Wednesday afternoon, I spoke to Jason Furman, who was President Obama's top

economics advisor, currently professor of the

practice of economic policy at Harvard Kennedy School, and with Nahal Tussi Politico's senior

Foreign Affairs correspondent who's been following the machinations of the new Trump tariff

...