’Tariff Man’ returns, US-China diverging price risks – and is AI triggering a jobs bloodbath?

Tariffs stormed back into the headlines this week as the pause on ‘Liberation Day’ levies expired with a flurry of warnings about steep rate hikes unless deals are struck by 1st August. Group Chief Economist Neil Shearing unpacks the implications, while Head of China Economics Julian Evans-Pritchard provides the view from Beijing. They also explore with David Wilder why inflation is a risk in the US but deflation looms in China, and what policymakers are (and aren’t) doing to fix it.

Also on the show: As warnings mount over AI-driven job losses, Senior Economic Adviser Vicky Redwood separates hype from reality and explains what’s happening now in labour markets, and what the future may hold.

Analysis and events referenced in this episode:

Data: US-China Trade Rerouting
Read: Tackling Chinese overcapacity will require demand-side stimulus
Read: Fears about AI-driven job losses are overdone
Read: The economic and market impact of AI
Upcoming Drop-Ins