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Trade War: Chinese Trade Flow Resilient In April Despite US Tariffs | Daybreak Europe 05/06/2025
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May 6, 2025
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47:09Now PlayingBloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today's show, The dollar snaps two days of declines as bullish sentiment towards Asian currencies takes a breather. In China, services activity slips to a seven month low, stoking fears of a rapid economic slowdown. This while Beijing's trade flows increased at the end of April, indicating the damage from US tariffs has yet to manifest in actual shipments even though the trade war is widely expected to eventually slow the world’s second-largest economy.
Meanwhile, Friedrich Merz pledges swift action to galvanize Europe's biggest economy as he takes over as German chancellor.
And the UK's tax overhaul for wealthy foreigners will start costing more than it raises if one in four of those affected leaves the country - that's the warning from the Centre for Economics and Business Research. The government disputes the figures.
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