Trump’s warning on China and the Fed’s new neutral

President Trump has threatened China again, suggesting the prospect of tariffs at the year end is real. Phil Dobbie asks NAB’s Gavin Friend how this played on the markets overnight. They also discuss the dovish tone set by the Fed’s Richard Clarida, who suggests that they are close to the neutral rate. And closer to home, Kiwi dollar is up – despite a widening trade deficit.

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