China Trade Concessions, Crude Impact, May Brexit Chaos: Eco Day

(Bloomberg) -- Happy Friday, Asia. Here’s the latest news from Bloomberg Economics:

• Chinese officials have outlined a series of potential concessions to the Trump administration as they continue to try to resolve a trade war
• The U.S. still plans to raise tariffs on Chinese imports in January with President Donald Trump and China’s Xi Jinping likely at best to agree to a “framework” for further talks, Commerce Secretary Wilbur Ross said
• Here’s a “crude estimate” of economic winners and losers from the 26 percent plunge in oil prices from early October to mid-November. Europeans fretting about Brexit or Italy’s budget crisis can take some comfort from oil’s slump in energy prices, the ECB’s chief economist says
• Is Theresa May’s time finally up? She doesn’t think so. But the pro-Brexit hardliners have finally mobilized after veiled threats and dark warnings
• Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank should proceed cautiously with additional interest-rate hikes. The Fed also said it will conduct a wide-ranging and public review next year
• Americans are still shopping -- just not at the gangbusters pace seen earlier in the year
• Up in Canada, the once-lofty housing market is achieving a best-case soft landing as policy makers try to cool things without triggering a collapse
• The U.S. sanctioned 17 Saudi officials over the death of Jamal Khashoggi, as the White House seeks to quell international outrage over his killing while preserving a key relationship in the Middle East
• Argentina consumer-price growth accelerated to 45.9% in October

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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