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  1. Economist Podcasts
  2. Truce story: (a sketch of) a Trump-Xi trade deal
Truce story: (a sketch of) a Trump-Xi trade deal

Truce story: (a sketch of) a Trump-Xi trade deal

Economist Podcasts · Oct 31, 2025

A US-China trade truce offers a fragile peace, the mercenary business booms globally, and Hollywood enters a golden age of horror films.

Horror Film Viewership is a Form of Practical 'Threat Rehearsal'

People watch horror films not just for the thrill, but to vicariously experience and understand potential dangers. This allows them to process anxieties about real-world threats, from pandemics to AI, in a controlled setting, serving as a form of psychological preparation.

Truce story: (a sketch of) a Trump-Xi trade deal thumbnail

Truce story: (a sketch of) a Trump-Xi trade deal

Economist Podcasts·4 months ago

The U.S. Uses Trade Truces as a Smokescreen to Build Anti-China Alliances

While publicly announcing a trade truce with China, the Trump administration simultaneously signed deals with other Asian nations to diversify supply chains and bolster defense partnerships, effectively preparing for future confrontation with Beijing.

Truce story: (a sketch of) a Trump-Xi trade deal thumbnail

Truce story: (a sketch of) a Trump-Xi trade deal

Economist Podcasts·4 months ago

PMCs from Democratic Nations Are Linked to 66% Fewer Civilian Victimizations

Contrary to the image of mercenaries as universally brutal, data shows that private military companies based in democratic countries are associated with a 66% lower rate of civilian victimization compared to those from non-democracies, likely due to corporate accountability and reputational concerns.

Truce story: (a sketch of) a Trump-Xi trade deal thumbnail

Truce story: (a sketch of) a Trump-Xi trade deal

Economist Podcasts·4 months ago

U.S.-China's 'Soybean Diplomacy' Ignores Core Economic and Military Conflicts

The recent trade truce is a transactional deal focused on marketable items like soybeans and TikTok. It conveniently sidesteps fundamental, long-term conflicts such as China's industrial policy, semiconductor competition, and military tensions, making the truce fragile and the broader relationship unstable.

Truce story: (a sketch of) a Trump-Xi trade deal thumbnail

Truce story: (a sketch of) a Trump-Xi trade deal

Economist Podcasts·4 months ago

One Private Contractor Is Seven Times Cheaper Than a Regular U.S. Soldier

The primary driver for hiring private military contractors is not just deniability but massive cost savings. By avoiding long-term commitments like pensions and comprehensive healthcare, a single PMC becomes approximately seven times cheaper than a member of the national armed forces.

Truce story: (a sketch of) a Trump-Xi trade deal thumbnail

Truce story: (a sketch of) a Trump-Xi trade deal

Economist Podcasts·4 months ago