The United States: The two charts below show the evolution of US tariffs.
The Eurozone: The currency bloc’s producer prices appear to be headed for deflation.
China: China was already facing capital outflows. The renminbi’s weakening is expected to accelerate this trend.
Global Developments: There is more downside to global trade volumes.
Food for Thought: The ease of doing business:
Edited by Joseph N Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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