A man sits on a motorcycle next to pig carcasses hanging from a conveyor at a pork wholesale market on the outskirts of Shanghai on May 28, 2019. The US pork industry has been hard hit by Chinese tariffs during the trade war. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why the phase one US-China trade deal should not be scoffed at – it’s about more than pork and soybeans

  • The deal will allow China to focus on its domestic economic agenda amid a slowdown, including opening doors to foreign firms to serve its growing middle class
  • Since the deal was announced, Federal Reserve policymakers have also issued more optimistic statements about US economic prospects

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A man sits on a motorcycle next to pig carcasses hanging from a conveyor at a pork wholesale market on the outskirts of Shanghai on May 28, 2019. The US pork industry has been hard hit by Chinese tariffs during the trade war. Photo: Bloomberg
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.