Death of U.K. High Street, U.S. Tariffs on France: Eco Day

(Bloomberg) --

Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• The U.S. proposed tariffs on roughly $2.4 billion in French products, in response to a tax on digital revenues that hits large American tech companies including Google, Apple Inc., Facebook Inc. and Amazon.com Inc

  • President Donald Trump is reinstating tariffs on steel and aluminum from Argentina and Brazil, accusing them of depreciating their currencies to the detriment of U.S. farmers
• America’s two most-watched manufacturing surveys pointed in different directions in November, and economists and investors can’t seem to agree on which one paints the more accurate picture
• The death of the U.K. high street is hitting women the hardest
• For years, low inflation looked like a classic rich-world problem. Plenty of developing economies now have it too.
• Christine Lagarde said the ECB will be “resolute” in restoring euro-zone price stability under her presidency
• Angela Merkel’s coalition partner is turning leftwards, but that doesn’t mean Germany’s chancellor is poised to give into calls for a major fiscal stimulus
• China’s PMI spread some cheer as the end of year approaches, but the pain is far from over, writes Bloomberg Economics’ Chang Shu
• Turkish inflation probably bounced back to double-digits in November, possibly limiting the central bank’s ability to continue easing monetary policy with lower interest rates

To contact Bloomberg News staff for this story: Jeffrey Black in Hong Kong at jblack25@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, ;Jeffrey Black at jblack25@bloomberg.net, James Mayger

©2019 Bloomberg L.P.

With assistance from Bloomberg