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Trade War Bites, Malaysia Pushes Back China, Japan Risk: Eco Day

Published 07/24/2018, 07:44 PM
Updated 07/24/2018, 08:00 PM
© Bloomberg. Students from the Shanghai Customs College stand at a viewing platform overlooking the Yangshan Deep Water Port in Shanghai, China, on Tuesday, July 10, 2018. China told companies to boost imports of goods from soybeans to seafood and automobiles from countries other than the U.S. after trade tensions between the world's two biggest economies escalated into a tariff war last week.

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s news from Bloomberg Economics to help get your day started:

  • Trade war starts to bite. From demand at factories to company profits, protectionism is starting to show up in numbers; while the IMF notes that global trade imbalances are showing little sign of narrowing
  • Meantime, this firm survived the Great Depression but might not make it through President Trump’s tariff fight
  • The warrior returns. Malaysian Prime Minister Mahathir Mohamad is pushing back against China’s dominance of his country’s economy
  • Renewed talk that the Bank of Japan is poised to adjust monetary policy has jolted financial markets -- here’s what’s fueling the speculation
  • Southeast Asia’s swelling budget deficits join currency and trade as cause for regional jitters
  • Trump’s decision to aid farmers hit by the trade war was panned by Republicans as not fixing the underlying problem -- his own policies. Meanwhile, the president said he is “very concerned” that Russia will interfere in the upcoming congressional elections -- to help the Democrats

© Bloomberg. Students from the Shanghai Customs College stand at a viewing platform overlooking the Yangshan Deep Water Port in Shanghai, China, on Tuesday, July 10, 2018. China told companies to boost imports of goods from soybeans to seafood and automobiles from countries other than the U.S. after trade tensions between the world's two biggest economies escalated into a tariff war last week.

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