Trump's Tariff Tweets, Fed Cuts Ahead, 7% Growth Club: Eco Day

13 May 2019, 04:04 PM IST

(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:

President Donald Trump said the U.S. was “right where we want to be” and on the cusp of taking in massive tariffs from China -- at odds with his economic adviser, who conceded that Americans would pay the bill. Chinese state media said the U.S. should take full responsibility for the setback in talks
The Fed will probably be more inclined to cut rates now Trump has followed through on his threat to increase tariffs, but it won’t rush into doing so. Minneapolis Fed chief Neel Kashkari says a further reason for easy policy is to promote income distribution
The 2020s are set to be the decade of Asia -- dominating an exclusive list of economies expected to sustain around 7% growth
From pork in China to iron ore in Brazil, inflation is flickering in parts of the global economy even as prices remain largely subdued
British workers are starting to reap the benefits as the U.K. becomes a less attractive destination for EU workers , according to LinkedIn
Europe has a long way to go if it’s to deliver on the hope sparked by recent economic numbers. Meanwhile, Matteo Salvini’s worst week since entering government in an unlikely coalition is fueling concern that Italy may be headed for another bout of political turbulence
Pakistan got a $6 billion IMF loan to help avert economic crisis
Here’s a look at data due this week and the economic implications

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