(Bloomberg) -- Welcome to Tuesday, Europe. Here’s the latest news from Bloomberg Economics:
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- The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double the rate in 2019, setting up what looks like a prolonged trade war between the world’s two biggest economies
- Here’s what it means for U.S. consumers
- In response, a senior Chinese government official struck a bullish tone to the latest round of tariffs, saying the country could withstand “the worst” that could happen
- Meanwhile, in central bank news, Thomas Jordan and his Swiss National Bank colleagues are caught between the heavyweight forces of a strong economy and a strong franc
- Ireland, the only founding member of the euro never to hold a top European Central Bank job, is suddenly in the running for two
- The Bank of Japan’s high-wire act: We surveyed economists and market strategists on what the end game could look like for the world’s most aggressive monetary stimulus of the modern era
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