China Is Girding for Trade War, Trump's Mexico Patience: Eco Day

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Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• International Monetary Fund leader Christine Lagarde called on governments to de-escalate current trade disputes and instead work to fix the global system
  • Shawn Donnan’s 10 day tour of China shows the country is rewriting its relationship with the U.S. and preparing to ride out a trade war
• President Donald Trump’s patience for his deal averting tariffs on Mexico depends on a quick drop in migration across the U.S. border -- something his own administration and political allies see as an unrealistic expectation
• Martin Feldstein, the former chairman of the Council of Economic Advisers who successfully persuaded President Ronald Reagan to cut budget deficits by breaking his campaign promise not to raise taxes, has died
• Brexit Britain considers whether it’s ready to hear uncomfortable economic truths from Raghuram Rajan
• It’s rate decision day in Turkey -- here’s what to expect
• European industry is in trouble and there’s a risk it will infect other parts of the economy and deepen the region’s slowdown
• Finally, don’t miss Lenka Ponikelska’s story on dumpling-loving Czechs’ expensive Sunday lunch

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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