Trump Tariffs, Swiss Squeeze, BOJ's High Wire Act: Eco Day

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

  • The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double the rate in 2019, setting up what looks like a prolonged trade war between the world’s two biggest economies
  • Here’s what it means for U.S. consumers
  • In response, a senior Chinese government official struck a bullish tone to the latest round of tariffs, saying the country could withstand “the worst” that could happen
  • Meanwhile, in central bank news, Thomas Jordan and his Swiss National Bank colleagues are caught between the heavyweight forces of a strong economy and a strong franc
  • Ireland, the only founding member of the euro never to hold a top European Central Bank job, is suddenly in the running for two
  • The Bank of Japan’s high-wire act: We surveyed economists and market strategists on what the end game could look like for the world’s most aggressive monetary stimulus of the modern era

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