U.S. President Donald Trump waves while walking on the South Lawn of the White House before boarding Marine One in Washington, D.C., U.S. (Photographer: Al Drago/Bloomberg)

Trump All-In On China, Powell Risk, One Aussie a Minute: Eco Day

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

  • All in. The Trump administration will propose raising to 25 percent its planned 10 percent tariffs on $200 billion in Chinese imports. Not a great omen for those trade talks the U.S. and China are trying to restart
  • Nothing to see here. Will Fed chief Jerome Powell have a Bernanke-like egg-on-your-face moment after telling Congress “nothing really is flashing red” in financial markets? Carl Riccadonna says the August FOMC meeting will be a light burden for policy makers
  • Destiny or dystopia? Australia is adding one person per minute as the population hurtles toward 25 million people
  • China’s slowing economy and a rumbling trade war are giving officials trying to tame debt reason to be more selective about their targets
  • Another interest rate hike is on the cards in India -- here’s a guide
  • Kiwis grasp nettle. New Zealand workers are flexing their muscle under the center-left government, demanding more pay after a decade of restraint. Meantime, data today showed wages rose at a faster pace in the second quarter
  • South Africa has decided to complete a proposed amendment to the nation’s constitution to make it clearer under what conditions land can be expropriated without compensation

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