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Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
The U.S. proposed tariffs on roughly $2.4 billion in French products, in response to a tax on digital revenues that hits large American tech companies including Google, Apple Inc., Facebook Inc. and Amazon.com Inc
- President Donald Trump is reinstating tariffs on steel and aluminum from Argentina and Brazil, accusing them of depreciating their currencies to the detriment of U.S. farmers
- America’s two most-watched manufacturing surveys pointed in different directions in November, and economists and investors can’t seem to agree on which one paints the more accurate picture
- The death of the U.K. high street is hitting women the hardest
- For years, low inflation looked like a classic rich-world problem. Plenty of developing economies now have it too.
- Christine Lagarde said the ECB will be “resolute” in restoring euro-zone price stability under her presidency
- Angela Merkel’s coalition partner is turning leftwards, but that doesn’t mean Germany’s chancellor is poised to give into calls for a major fiscal stimulus
- China’s PMI spread some cheer as the end of year approaches, but the pain is far from over, writes Bloomberg Economics’ Chang Shu
- Turkish inflation probably bounced back to double-digits in November, possibly limiting the central bank’s ability to continue easing monetary policy with lower interest rates
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