Economists from J.P. Morgan Global Research offer their analysis on the economic data, macro trends and monetary and fiscal policy impacting the world today.
Episodes
Wednesday Jun 26, 2024
Wednesday Jun 26, 2024
Vinicius Moreira and Tingting Ge join Nora Szentivanyi to discuss how the shift in China’s commodity imports away from the US have benefitted key commodity producers such as Brazil. Since the 2018 trade war, Brazil’s share in China’s imports has been growing, especially relative to the US performance. On the top of that, China has been importing commodities beyond what the domestic fundamentals would indicate. These factors are helping to keep demand for Brazilian products elevated, creating incentives for the local production, and making the trade surplus wider than otherwise it would have been.
This podcast was recorded on June 26, 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4725128-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.
© 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.