China Cuts Tariffs, Lagarde’s Concern, U.S. Jobs: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • China will halve tariffs on some $75 billion of imports from the U.S. later this month, reciprocating a U.S. action and likely satisfying part of the interim trade deal
  • European Central Bank President Christine Lagarde said a decade of crisis fighting has left policy makers with few options for more monetary stimulus, just as new concerns such as the coronavirus outbreak arise
    • Meanwhile, an unexpected drop in German factory orders suggests Europe’s largest economy hasn’t yet seen the worst of its slowdown
  • The U.S. job market probably got off to a healthy start in 2020 but may also lose some of the luster President Donald Trump boasted about this week
  • Switzerland is in danger of being labeled a currency manipulator by the Trump administration, a decade after it ran afoul of the U.S. over banking secrecy
  • Chancellor of the Exchequer Sajid Javid’s ambition to lift U.K. economic growth toward its post-war average of almost 3% a year is “quite unrealistic,” according to the National Institute of Economic and Social Research

©2020 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.