China Retaliation Risk, Fed Rate Review, Mahathir Fail: Eco Day

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

• The U.S. and China sent conflicting signals over trade, with Donald Trump expressing optimism and Beijing warning of retaliation. Here are the numbers on the impact of Trump’s tariff threat, while Tom Orlik looks at what to expect when talks resume
• Fed Governor Lael Brainard wants to “hear more” about targeting the yield curve as the central bank reviews its policy framework
• A year after a shock election win, Malaysia’s government is fighting perceptions its economic management deserves poor marks
• In a second installment on the politics and economics of coal, Indians are addicted to its cheap power and it’s killing them
• Mario Draghi defended the ECB’s inflation goal and said he sees increasing wage pressure that will help the bank meet its mandate
• Canadian housing starts unexpectedly surged in April, in another sign of recovery for the battered real estate market
• Here’s everything you need to know about Australia’s forthcoming election

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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