China's 2025 Goal, Cohn's Trump Save, Argentina Worsens: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news from Bloomberg Economics:

• Conflict over China’s industrial policies is at the center of a trade war that’s set to escalate should President Trump go ahead with tariffs on another $200 billion of goods
• How do you stop Trump pulling out of Nafta and a trade deal with South Korea? Remove the papers for doing so off his desk, apparently
• Argentina’s economic outlook deteriorated significantly in August amid a renewed currency crisis, say economists surveyed by the central bank
• Australia’s millennials have found another reason to resent cashed-up baby boomers: they’re subsidizing their health care
• Here’s a look at how raging heatwaves affect the global economy
• Traders have increased bets on a New Zealand interest-rate cut amid a prolonged slump in business confidence
• Malaysia’s central bank is set to keep interest rates unchanged today, providing policy stability amid worries about government finances
• Check out this chart on Asia’s growing club of negative real interest rates
• India’s rupee owes its tag of Asia’s worst-performing currency this year to the selloff sweeping emerging markets -- there’s more pain in store
• After hiking rates in July, Canada will likely pause in September to assess the impact of trade tensions with Trump, says Tim Mahedy

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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