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G-20 draft cites growing trade tension, diplomatically

Bloomberg Delegates at the Group of 20 meeting of finance ministers and central bank chiefs began the delicate task of addressing growing trade tensions without upsetting US President Donald Trump. Negotiators drafting the summit’s final statement in Buenos Aires worked on language that would reiterate a positive global economic outlook while highlighting risks, including the escalating dispute over trade, according ...

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EU prepares to retaliate over car tariffs before Trump talks

Bloomberg The European Union (EU) is preparing a new list of American goods to hit with protective measures if a mission to Washington fails to persuade US President Donald Trump not to raise levies on car imports. “If the US would impose these car tariffs that would be very unfortunate but we are preparing together with our member states a ...

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Canada’s economy strengthens in Q2

Bloomberg Canada’s economy is proving increasingly robust in the second quarter, with inflation and retail sales coming in ahead of economists’ expectations. The consumer price index rose at an annual pace of 2.5% in June, the fastest year-over-year acceleration since 2012, Statistics Canada said. Economists in a Bloomberg survey anticipated a 2.3% increase. In a separate report, the agency said ...

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