Tariff Waiting Game, Draghi Talks Tough, G-20 Preview: Eco Day

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

• Vice President Mike Pence said the U.S. still plans to impose tariffs on Mexico next week over the flow of undocumented migrants from Central America
• Meanwhile, President Donald Trump said he’ll decide whether to enact tariffs on another $325 billion in Chinese imports after the G-20 summit at the end of the month in Japan, where he’s expected to meet with China’s Xi Jinping
• Mario Draghi hardened his language as he said the European Central Bank won’t shy away from action to support the euro-area economy during a period of weakening growth
• Risks from the U.S.-China trade war and an expected turn in global monetary policy are among themes to look out for at the G-20 finance meetings this weekend
• The U.S. jobs report due later today may take on greater significance than usual as investors try to assess the state of the economy; here’s our preview
• Federal Reserve Chairman Jerome Powell calls slumping inflation “one of the major challenges of our time.’’ Shawn Smith, who trains vulnerable low-income workers, sees it differently

To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Peter Vercoe

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