Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Feb 06, 2020

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

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
  • To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

    To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Brian Swint

    ©2020 Bloomberg L.P.

    Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com