Substantial progress. But who holds the cards?
Monday 12th May 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS Treasury Secretary Bessent said there had been ‘substantial progress’ in the negotiations with China over the weekend. Maybe the US is feeling the pressure, with stores warning of supply shortages. China, meanwhile, according to trade data on Friday, is exporting more, they’ve just switched the destination away from the US. Phil asks NAB’s Rodrigo Catril if China exports have a deflationary impact elsewhere (not the US), will we see more of a divergence in the approach taken by…
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