Global Spotlight
Get Ready for More China Tariffs. Low-level U.S.-China trade talks ended again in stalemate, paving the way for another round of U.S. tariffs to go into effect, this time hitting $200 billion worth of Chinese imports.
Pinning a North Korean Logjam on Beijing. China’s refusal to bend to the White House’s trade demands does not bode well for Trump’s negotiating tactics with North Korea. In a series of tweets, Trump abruptly canceled Secretary of State Mike Pompeo’s just-announced trip to Pyongyang, blaming Beijing for undermining denuclearization talks with North Korea and hinging a future Pompeo trip to Pyongyang on the U.S.-China trade dispute getting “resolved” first.
The White House Gets Serious on Autos. Details trickling out on Mexican President-elect Andres Manuel Lopez Obrador’s plans to revise energy policy are pointing to yet another sticking point in NAFTA talks.
Italy Braces for a Rating Downgrade. Credit ratings agency Fitch will issue its assessment of Italy on Aug. 30, only weeks before the Italian government presents its budget for 2019 (a draft is expected in mid-September, followed by an official budget in mid-October).
Germany Tends to Turkey. While Turkey braces itself for more economic punches from the White House, Germany is investing extra time into keeping relations with Ankara stable.
Stratfor.com
Economic Calendar
Here isa a list of the U.S. economic events happening this week.
Briefing.com
Review Last weeks numbers here.
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