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In the second episode of our new macroeconomics podcast, Bill Diviney speaks with Arjen van Dijkhuizen to unpack the remarkable resilience of global trade this year. The discussion covers the recent US-China trade deal, the resilience of global trade despite the unprecedented rise in US tariffs, and chokepoints as an emergent theme. The episode also highlights insights from our latest Global Outlook 2026 – The shifting world order, covering themes such as the dollar's exorbitant privilege, the potential of Eurobonds and the evolving geopolitical landscape.

TIMESTAMPS:

00:00 Introduction to Talking Macro

00:34 Meet the Experts: Bill and Arjen

02:14 China's Economic Landscape

04:17 Global Trade Dynamics

06:36 The Eurobond Debate

08:49 Resilience of Global Trade

16:49 Chokepoints in Global Trade

23:37 Future Outlook and Key Events

27:33 Conclusion and Subscription Reminder

See omnystudio.com/listener for privacy information.

43:T4e0,

This is Talking Macro, ABN AMRO's podcast dedicated to making sense of the global economy from a European perspective. Hosted by Bill Diviney, Head of Macro Research at ABN AMRO, each episode breaks down the hot topics shaping markets and economies worldwide.

Whether you're an investor, business professional, or simply curious about how global economic forces affect your daily life, Talking Macro delivers accessible insights into complex macroeconomic trends. From Federal Reserve policy and currency movements to trade tensions and regional economic developments, we explore how these seemingly distant events impact everything from your mortgage rates to your investment portfolio.

Each month, Bill is joined by expert colleagues from ABN AMRO's research team who bring deep specialist knowledge on specific regions and topics. Together, they cut through the noise to explain what's really driving economic change and what it means for the months ahead.

Talking Macro isn't just about theory, it's about understanding the real-world implications o

Episode 2: Why is global trade so resilient?