US-China trade truce, soaring food prices in American supermarkets | The Dip Podcast

China-analyst Clifford Coonan talks about the recent deal between the US and China and how much of it is diplomacy vs real economic change. Then retail guru Phil Lempert breaks down why food prices in the US continue climbing: from tariffs to climate change, labor shortages and changes in consumer behavior. We also hear from Buenos Aires where Argentina’s President Javier Milei is pursuing severe austerity and reform amidst deep economic pain. Hosted by Daniel Winter.

Chapters:

00:00 Intro
01:01 US-China tariff truce
10:41 High food prices
29:49 Argentina's economic prospects
49:33 Outro

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Post from DW News on October 31, 2025

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