(Bloomberg) -- Welcome to Tuesday, Europe. Here's the latest news from Bloomberg Economics:
- The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double the rate in 2019, setting up what looks like a prolonged trade war between the world's two biggest economies
- Here's what it means for U.S. consumers
- In response, a senior Chinese government official struck a bullish tone to the latest round of tariffs, saying the country could withstand “the worst” that could happen
- Meanwhile, in central bank news, Thomas Jordan and his Swiss National Bank colleagues are caught between the heavyweight forces of a strong economy and a strong franc
- Ireland, the only founding member of the euro never to hold a top European Central Bank job, is suddenly in the running for two
- The Bank of Japan's high-wire act: We surveyed economists and market strategists on what the end game could look like for the world's most aggressive monetary stimulus of the modern era
To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net
To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Karthikeyan Sundaram, Tuhin Kar
©2018 Bloomberg L.P.
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