EU-U.S. Trade War, Refreshing U.S. CPI, U.K. Spending: Eco Day

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

  • U.S. President Donald Trump has rolled out a new tariff threat for Europe, targeting subsidies the EU provides for Boeing rival Airbus
    • The threat to slap tariffs on some $11 billion of European Union imports adds another layer of uncertainty on an economy already feeling the pain of the global slowdown
    • Meanwhile, the EU and China managed to agree on a joint statement for Tuesday’s summit in Brussels, papering over divisions on trade in a bid to present a common front to Trump
  • The U.S. consumer price index, which traces its origins back more than a century, gets an infusion of big data this week to bring the Labor Department closer to what it sees as the future for economic indicators
  • Venezuela Central Bank’s has been operating with an emergency team of only about 100 workers since a power outage left its headquarters without running water two weeks ago
  • U.K. consumer spending declined in March as concerns over Brexit and the late timing of the Easter holiday held back shoppers
  • Serbia’s central bank left borrowing costs unchanged for a twelfth month, waiting for cues from central banks around the world that are revising policies in the face of slowing economic growth

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