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Car Tariff Talk, German Growth, U.K. Pay Increases: Eco Day

Car Tariff Talk, German Growth, U.K. Pay Increases: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:

  • President Donald Trump has received the findings of a probe into whether imported vehicles pose a national security threat, which could lead the U.S. to impose tariffs. For carmakers, that would be just the latest kick in the teeth.
    • Meanwhile, the U.S.-China trade talks in Beijing last week were “very productive,” Trump said, though a meeting soon of the negotiators in Washington offers a fresh test.
  • German economic growth is likely to remain subdued at least through the first half of the year as deteriorating business expectations threaten to hamper company investment -- yet there’s no reason for concern, according to the Bundesbank.
    • That data came after European Central Bank member Francois Villeroy de Galhau said policy makers are taking souring economic data seriously -- and that interest-rate guidance could be revised if the weakness persists.
  • U.K. private-sector workers are set for their biggest wage increase in at least seven years as companies struggle to fill vacancies.
    • Meanwhile, asking prices for London homes rose this month as owners tested a fragile market before the spring selling season.
  • Finally, a look at how empty luxury flats are dotting Reykjavik as Iceland’s economy cools.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Lucy Meakin

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