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The video discusses the complexities of trade agreements, focusing on verification issues, particularly with China. It examines the impact of tariffs on economic growth and the global economy's deflationary bias. The discussion highlights how companies adapt supply chains in response to trade tensions. It also covers monetary policy's role in market dynamics, emphasizing the bond market and risk assets.

In what ways do companies adapt their supply chains in response to tariffs?

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What does the speaker suggest about the relationship between currency and economic conditions?

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