Clumsy dealmaking risks an unravelling phase

Economy Watch · Jul 28, 2025 · 4m

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 talks are underway in Stockholm between the US and China over a trade/tariff deal. Prospects are not high.

And the recent EU-US deal has the makings of unravelling. Both France and Germany are unhappy about the outcome, made worse by the US claiming verbally pharmaceuticals have been excluded when the EU negotiators said they were not excluded from the 15% written deal…