Trump Tariff Threat, Canada Resignation, School Worry: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Tuesday started:

• President Donald Trump said he’ll punish American companies that move jobs abroad and reward firms with tax breaks for shifting work from China to the U.S., proposals aimed at hastening the decoupling of the world’s largest economies
  • U.S. officials played damage control after trade talks with China were indefinitely delayed over the weekend, with Trump praising the country’s purchases of American farm goods
  • The big geopolitical policy battle of the 2020 U.S. presidential election is one over which side is going to be tougher on China
  • China has ramped up purchases of American crude in the lead-up to a highly-anticipated review of the trade deal between the two economic powerhouses
  • China denounced the U.S.’s latest moves to curb Huawei Technologies Co.’s access to commercially available chips
• With virus concerns keeping the school gates closed this fall, as many as 18 million parents could put job seeking on hold, creating a stumbling block for the U.S. labor market recovery, according to Bloomberg Economics’ Yelena Shulyatyeva
• Canadian Finance Minister Bill Morneau resigned after a rift with Justin Trudeau proved impossible to repair, leaving the cabinet with a major hole in the midst of a deep recession
  • Canadian immigration plummeted by almost two thirds amid border restrictions, threatening a key driver of economic growth
• Brazil is calling on investors and companies to help protect the Amazon, according to the country’s environment minister
• As the number of confirmed Covid-19 cases rises in some European countries, economic activity has turned, according to Bloomberg Economics’ Bjorn van Roye and Tom Orlik

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