Prof G Markets Do the U.S. and China Have a Deal? + May Inflation Data & Tesla Delays Its Robotaxi Again
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Jun 12, 2025 The latest U.S.-China trade negotiations are examined, revealing a mix of hope and skepticism about their impact on tariffs and the market. Recent inflation trends prompt a deep dive into financial futures and government policies. Tesla's robotaxi launch is further delayed, stirring discussions about Elon Musk's track record and the financial consequences of these setbacks. The show humorously touches on the allure of wealth in the context of autonomous driving technology and safety concerns, alongside speculation around looming product launches.
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US-China Deal Lacks Substance
- The U.S.-China deal is largely symbolic with no substantive changes.
- Key issues like chip export controls remain unresolved, causing markets to react indifferently.
Tariff Ceasefire, Focus Shifts
- Both U.S. and China have agreed to a tariff ceasefire without real concessions.
- Markets focus more on inflation and fiscal concerns than on the trade deal.
May Inflation Data Insights
- May inflation rose less than expected, indicating some economic moderation.
- Tariff impact on inflation hasn't yet materialized and will appear only in fall.