U.S. Tariffs, 2021 Outlook, Brain Drain Reversal: Eco Day

It’s the final day of the year, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • For the global economy, 2020 is ending with a sense of hope, partly built on the assumption that it can’t surely be that bad again
  • The Trump administration imposed tariffs on additional products from the European Union as part of a long-running dispute over subsidies to aircraft makers Airbus and Boeing
  • The old factory town of Kalamazoo, Michigan, has become a center for Covid-19 vaccine manufacturing. That may help the area’s economy turn a corner after some tough years
  • Senate Majority Leader Mitch McConnell closed off chances of the Senate acting anytime soon on a House bill that would give most Americans $2,000 stimulus payments
  • Record-low U.S. mortgage rates were supposed to make it easier for homebuyers. Instead, they’ve helped push affordability to a 12-year low
  • China’s strong recovery shows signs of peaking

©2020 Bloomberg L.P.

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