Joe Janzen, an agricultural economist at the University of Illinois, said the commodity markets have largely shaken off the initial shock of the trade war, including Trumps' declaration of April 2 as "Liberation Day," when he announced stiff worldwide tariffs.

Donald Trump says the US has achieved a “total reset” in relations with China after both countries agreed to reduce tariffs on each other's goods for 90 days. Today Matt Chorley is joined by the full Americast ensemble to discuss whether this really marks the end of the trade war between the two nations.