Bloomberg Daybreak: Asia Edition
Trump: Willing to Lower China Tariffs, Australia PM Albanese Wins Re-Election
May 5, 2025
Kerry Craig, Global Market Strategist at J.P. Morgan Asset Management, shares insights on key developments shaping global markets. He discusses President Trump's openness to lowering tariffs on China as a way to boost trade, and how recent U.S. job data is lifting recession fears. The conversation also highlights Prime Minister Anthony Albanese's historic election win in Australia, marking a milestone for his party, and the potential impacts on the housing crisis and economic policies. Global investment opportunities amidst changing trade dynamics are also explored.
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Quick takeaways
- President Trump expressed openness to lowering tariffs on Chinese imports, indicating a potential thaw in US-China trade tensions.
- Prime Minister Albanese's decisive electoral victory may streamline policy implementation, impacting the Australian economy and market dynamics significantly.
Deep dives
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