The United States-China tit-for-tat tariffs have been escalating faster than the bids at a Sydney house auction in the early 2010s. ‘Trade war’ is the headline. But does Donald Trump have a strategy to decouple, or is he angling for a grand bargain? Either way, Xi Jinping is making it clear that China has a vote (even if its people don’t).

Demetri Sevastopulo, the Financial Times’ US-China correspondent, explains the possible plays behind the numbers, the rival points of leverage in the brewing trade war, the implications for US partners and allies, the competition for influence within the Trump administration, and the latest on TikTok and Taiwan.

Demetri also gives us a real-time analysis of his latest scoop in the FT, revealing the purging of the PLA’s number two general, He Weidong.