EPISODE · May 15, 2026 · 2 MIN
UBS On-Air: Paul Donovan Daily Audio 'Saying stability without substance'
The China-US summit concluded. Much increasingly scarce jet fuel has been burned to produce nothing of real substance. China’s President Xi declared an agreement to keep trade ties stable. The two sides were unlikely to agree to anything different (no one would announce unstable trade ties). Stability is not a word that is normally associated with US trade policy over the past 15 months, lessening the statement’s value.
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UBS On-Air: Paul Donovan Daily Audio 'Saying stability without substance'
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