BOE's Wild Card, Trump's Tariffs, World Cup GDP Boost: Eco Day

(Bloomberg) -- Welcome to Wednesday, Europe. Here’s news from Bloomberg Economics to help get your day started:

• China vowed to fightback against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, escalating a trade war between the world’s two biggest economies
• Here’s why Britain’s political turmoil fanned by Brexit may be the last hurdle for a Bank of England interest-rate increase in August
• Meanwhile, we estimate that a big win for England’s soccer team today could offer a fleeting boost to GDP growth -- but the more important match is in Brussels
• In Poland, the central bank is so confident about the state of the economy that it may be ready to start charting monetary policy beyond this decade
• Japan’s record spending on defense is shaping up as a bright spot in bilateral trade with the U.S.
• Here’s one economy defying the jittery global mood. Chile’s government has raised its growth forecast to 3.8 percent on the back of rebounding copper prices

Chris Bourke

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