Trump Car Tariffs, New FOMC Voter, Japan GDP Disasters: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news from Bloomberg Economics:

  • The White House is circulating a draft report by the U.S. Commerce Department over whether to impose tariffs on automobile imports to protect national security
  • Federal Reserve Bank of San Francisco President Mary Daly said U.S. policy makers ought to be gradually lifting interest rates to bring an economy that’s running above potential in for a soft landing
  • A string of natural disasters that battered Japan in the third quarter are almost certain to have pushed the economy into reverse, making the size of the pullback and any signs of trade-war impact the things to watch
  • India’s consumer price inflation eased to a 13-month low as food costs remained subdued, allowing room for the central bank to hold interest rates next month
  • Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output as prices tumble. That drew a quick rebuke from President Donald Trump, who criticized Saudi Arabia’s plan as tensions rose between the long-time allies
  • China signaled tougher management of the yuan, dropping a phrase underlining the importance of market forces from a key policy report for the first time in five years

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