Cautious consumers in China, Albanese wins in Washington
Kia ora,
Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
And today we lead with news Australia seems to have avoided American ire when Prime Minister Albanese visited Washington overnight. They ended with a rare earths agreement, confirmation of the AUKUS submarine deal, and unchanged 10% tariff rates into the US.
Albanese also seems to have avoided being forced into an overt anti-China position, and has resisted committing to defence spending above…
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