Cargo ships are moored under cranes as shipping containers stand at the Qingdao Qianwan Container Terminal in this aerial photograph taken in Qingdao. (Photographer: Qilai Shen/Bloomberg)

Trump’s New $200 Billion Hit List, China Silicon Valley: Eco Day

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

  • Trade war widens. The U.S. has released a list of an additional $200 billion in Chinese products that would be subject to a new round of tariffs
  • Philippine’s currency is near a 12-year low -- that’s a blessing for exporters who risk losing tax perks and face tighter labor policies
  • Japanese consumers may not ever buy enough cars to satisfy Donald Trump, but the government’s record spending on defense may please him
  • There’s some welcome relief for Theresa May after German Chancellor Angela Merkel called her new Brexit proposal a “solid step forward”
  • Pakistan has seen three currency devaluations since December, depleted its foreign-currency reserves and may soon ask for a bailout from the IMF. Here’s why the economy is in distress
  • Lunchtime read: How China is building a tech industry to rival Silicon Valley

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