Peter Atwater, President of Financial Insyghts and Adjunct Lecturer of Economics at the College of William and Mary, discusses the broader financial and economic implications of President Donald Trump's trade war against Xi Jinping's China.

After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%.