China 'Trade War On Hold' As Tariffs Debate Continues05:52
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U.S. Treasury Secretary Steven Mnuchin (left) and U.S. Commerce Secretary Wilbur Ross (right) walk through a hotel lobby as they head to the Diaoyutai State Guest House to meet Chinese officials for ongoing trade talks in Beijing on May 4, 2018. (Nicolas Asfouri/AFP/Getty Images)
U.S. Treasury Secretary Steven Mnuchin (left) and U.S. Commerce Secretary Wilbur Ross (right) walk through a hotel lobby as they head to the Diaoyutai State Guest House to meet Chinese officials for ongoing trade talks in Beijing on May 4, 2018. (Nicolas Asfouri/AFP/Getty Images)
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The Dow jumped 300 points at the open Monday morning after Treasury Secretary Steven Mnuchin told Fox News on Sunday that the U.S. was "putting the trade war on hold" with China. Meanwhile, U.S. Trade Representative Robert Lighthizer put out a statement saying that tariffs remain an important tool.

Here & Now's Peter O'Dowd speaks with Derek Thompson (@DKThomp), senior editor at The Atlantic.

This segment aired on May 21, 2018.

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