A Trump tariff backdown coming?
Kia ora,
Welcome to Thursday’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 that as tariffs kick in, the US gets higher prices and lower activity. The White House is signaling it wants to pull back from its bluster (whiff of panic?), although China is yet to respond.
But first in the US, mortgage applications fell sharply last week to be just +6% above the weak week a year ago. Benchmark interest rates rose, which seems to have choked off…
The skinny
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