Trump's Showdown, G-7 Rebuke, Europe's Worries Mount: Eco Day

(Bloomberg) -- Good morning Americas, Here’s news from Bloomberg Economics to help get your week started:

  • President Donald Trump is headed for a showdown with America’s allies at a Group of Seven summit this week in Quebec, with the European Union and Canada threatening retaliatory measures unless he reverses course on new steel and aluminum levies.
    • The meeting comes after G-7 finance ministers rebuked the U.S., and allies asking Trump to consider a change of heart
  • Meanwhile, China says all deals are off if fresh tariffs are imposed and Singapore thinks both sides are raising global risks
    • Commerce Secretary Wilbur Ross was in Beijing this weekend to push China on trade, while White House economic adviser Larry Kudlow says not to blame Trump
  • Investors are worried that political upheaval in Italy will derail euro-area economic growth
  • At the same time, Greece is giving Europe another headache as talks on further debt relief are at a stalemate with two months to go before expiration of the euro area’s final crisis-era bailout
  • Germany’s economy may be booming, but we ask why women aren’t feeling the gains

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