US-China trade deal - is it a Herculean achievement? - 7IM

China will finally open its borders to US beef while the cooked Chinese poultry is closer to hitting the American market as part of a US-China trade deal.

Commerce Secretary Wilbur Ross hailed the agreement as "a Herculean accomplishment".

Listen to Matthew Yeates, Quantitative Investment Manager at 7IM discuss whether the deal is really a Herculean accomplishment or merely a flash in the pan. Yeates says it is good news as trade protection/trade war between the US and China would have been bad for the US economy and global markets.

Yeates and Presenter Zak Mir also consider if rescuing the bank with taxpayer money is a good strategy? After all, the taxpayer is set to make a profit of about £500m on the £20.3bn bailout of the Lloyds Bank Group during the financial crisis.

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