U.S.-EU Clash, Death of Free Trade, ECB Rethink Time: Eco Day

(Bloomberg) --

Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• The U.S. and Europe looked set for a renewed clash over everything from car tariffs to digital taxes in a sign that a new American focus was emerging following President Donald Trump’s trade truce with China
  • U.S. President Donald Trump’s upending of global trade may endure even after he’s gone
• Whoever replaces Stephen Poloz as Bank of Canada governorwill need to continue to invoke confidence in markets, Canadian finance minister Bill Morneau said
• Thursday’s European Central Bank monetary-policy meeting will focus on unrolling a strategic review that’s planned to be a two-part approach in how it conducts policy
  • Here’s our decision-day guide
  • Bloomberg Economics’ give a preview of what it expects and takes a look at the composition of the Governing Council
  • Banks still are upset about negative rates in the euro area
• The circular economy is luring the likes of Blackrock and Google; on another hot issue at Davos, here’s a QuickTake on why digital taxes are the new trade-war flashpoint
• Chancellor Angela Merkel needs to hurry up if she’s going to fix the German economy in her remaining days in office
• This week on the Stephanomics podcast, we talk to three attendees about the big issues at Davos: the economy, labor, and climate change

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian Swint

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