The big news at the end of last week was that U.S President Donald Trump announced that he would impose a ten percent tariff on a further $300 billion in Chinese imports. China has now hit back by allowing the Yuan to fall to the weakest level in more than a decade this morning and asking state-owned companies to suspend imports of U.S agricultural products, according to Bloomberg.
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- Economists expect a US recession by end-2021 – NABE survey
- Eurozone annual inflation down to 1.0% in July
- Eurozone current account surplus increased in June
- UK households more cautious about major purchases - IHS Markit