China Hits Back, Central Bank Jitters, Trudeau Speaks: Eco Day

(Bloomberg) -- Good morning Americas. Here’s news from Bloomberg Economics to help get your Wednesday started:

  • China has hit back at U.S. President Donald Trump’s plan to push ahead with tariffs on $50 billion of Chinese imports despite a recent truce in the trade fight, saying it damages America’s standing
  • Just when central bankers thought they were about to get out of the business of emergency economic stimulus, jittery markets are a threat
    • Still, the European Central Bank has a decade of crisis-fighting experience to draw on to confront market turmoil in Italy
  • In the U.S., prices and wages have been slow to accelerate throughout the economic expansion. Now, a new conundrum threatens to emerge: Faster inflation accompanied by more of the same paltry growth in pay
  • Justin Trudeau wants to build a Canadian economy that will thrive a decade or more from now -- if that means losing a short-term edge to Donald Trump, so be it
  • The OECD presented another upbeat set of projections in its latest assessment of the global economy, but was very clear that there are a growing number of threats
  • Meanwhile, China’s economy is resisting a slowdown, early indicators show, as state efforts to curb financial excess and deflate property bubbles run up against greater pricing power and strong global trade
  • Indonesia’s new central bank chief has been quick to stamp his mark, raising interest rates at an early policy meeting on Wednesday

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