U.S. Trade War Impact, German Debate, U.K. Fisical Boom: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to send you into the weekend:

• The Trump administration’s trade war is ravaging exports to China across the U.S. and well beyond the farm belt, new data from the U.S. Commerce Department show
  • Looking past tweets from President Donald Trump, foreign firms have ramped up investment in China to expand operations in the world’s second-biggest economy
  • White House economic adviser Larry Kudlow said negotiations over the first phase of a trade agreement with China were coming down to the final stages
• The European Central Bank awkwardly has to hope for a rise in German unemployment to convince the relatively penny-pinching economy to unveil a major fiscal stimulus boost
• Sweden’s central bank has lambasted the country’s statistics agency after it emerged that months of jobless data were riddled with errors, potentially hampering policy decisions
• Politics in Britain has rarely been so divided, but its warring factions are increasingly united on one thing: fiscal largesse is coming. And that could torpedo the U.K.’s high-flying bond market
• Global debt has surged past $250 trillion, the Institute of International Finance calculated, with the U.S. and China leading the way
• Finally, here’s a collection of this week’s analysis and enterprise from Bloomberg Economics

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

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