UBS On-Air: Paul Donovan Daily Audio 'Perceptions versus realities'

US President Trump has declared trade talks with China “not easy”. There may be a difference between the administration’s perception of its bargaining position and reality. With the 90-day deadline to do deals approaching, no deals have yet been made—and the UK trade agreement has not come into effect. There are suggestions that Trump will retreat from export restrictions on chips in exchange for some so-called “rare” earths.