Thursday: Trump backs off on China & Fed
Apr 23, 2025•10 min
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Episode description
US stocks and the US dollar rallied overnight on hopes Donald Trump will cut tariffs on China, and after he said he doesn’t want to fire the Fed’s chair. But business surveys in the United States and Europe show economic activity has already softened.
In our bonus Deep Dive interview, ANZ Economist Vicky Xiao Zhou analyses goods trade data to explain why Trump may be easing his tariff rhetoric in recent days.
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