U.S. Vaccines for Jobs, Central Bank Battle, Beef Woes: Eco Day

Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • President Joe Biden cast the U.S.’s export effort on vaccines for the world as a jobs engine for Americans
    • Biden’s infrastructure proposal includes billions of dollars tied to improving cybersecurity
  • The U.S.’s restaurant apocalypse has been greatly exaggerated with less than 14% of the country’s restaurants having closed
  • The U.S., Mexico and Canada on Monday discussed workers’ rights and protections for energy investment and the environment in Latin America’s second-largest economy
  • The commodities price surge is being contained by the lower-for-longer message from central banks
  • Argentina’s government is limiting exports of beef for 30 days to contain prices after annual inflation surpassed 46% in April
  • China is pushing ahead with behind-the-scenes talks to join a major trade deal that originally aimed to exclude Beijing and cement U.S. economic power and trade ties in the Asia-Pacific region

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