Trump Eyes 25%, Two Rate Decisions, One Aussie a Minute: Eco Day

(Bloomberg) -- Welcome to Wednesday, Europe. Here’s news and analysis from Bloomberg Economics to help get your day started:

• The U.S. is considering higher tariffs on Chinese goods while trying to restart talks between the two powers; there are better chances for a U.S.-Mexico deal on cars
• Solid orders. South Korea’s exports looked good in July even amid trade-war jitters, thanks to robust demand for semiconductors
• Risky business. As we await the Federal Reserve decision later today in Washington, here’s how the chief might be in danger of eating his words
• U.S. consumer purchases scored a fourth straight solid monthly gain with steady income growth and higher-than-estimated inflation
• Mad as hell. Workers in New Zealand have had enough, taking to the streets to demand more pay amid a decade of slow gains -- even as wages gathered pace in the second quarter
• India will probably join the tightening crowd and boost its repurchase rate Wednesday -- here’s a guide on what to watch
• Chinese officials aiming to tame debt are forced to be more selective about their targets amid an economic slowdown
• Destination Down Under. Australia’s adding one person per minute, with strong immigration driving local angst over the population boom

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

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

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