Trump's Tariff Tweets, Fed Cuts Ahead, 7% Growth Club: Eco Day

(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:

• President Donald Trump said the U.S. was “right where we want to be” and on the cusp of taking in massive tariffs from China -- at odds with his economic adviser, who conceded that Americans would pay the bill. Chinese state media said the U.S. should take full responsibility for the setback in talks
• The Fed will probably be more inclined to cut rates now Trump has followed through on his threat to increase tariffs, but it won’t rush into doing so. Minneapolis Fed chief Neel Kashkari says a further reason for easy policy is to promote income distribution
• The 2020s are set to be the decade of Asia -- dominating an exclusive list of economies expected to sustain around 7% growth
• From pork in China to iron ore in Brazil, inflation is flickering in parts of the global economy even as prices remain largely subdued
• British workers are starting to reap the benefits as the U.K. becomes a less attractive destination for EU workers , according to LinkedIn
• Europe has a long way to go if it’s to deliver on the hope sparked by recent economic numbers. Meanwhile, Matteo Salvini’s worst week since entering government in an unlikely coalition is fueling concern that Italy may be headed for another bout of political turbulence
• Pakistan got a $6 billion IMF loan to help avert economic crisis
• Here’s a look at data due this week and the economic implications

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