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Germany's Merz optimistic on trade deal with US by end of July
BERLIN, July 9 (Reuters) - German Chancellor Friedrich Merz is optimistic that the European Union can agree a trade deal with the United States by the end of this month at the latest, he told lawmakers on Wednesday."Our goal is to reach a trade agreement with the United States of America as quic...Reuters
Wed, Jul 9
Indonesia tariff negotiator to meet Lutnick in US, aims to tout natural resources
By Stefanno Sulaiman JAKARTA, July 9 (Reuters) - Indonesia will highlight its strategic importance in global trade, especially its natural resources, as it forges ahead with negotiations to try to reduce a 32% tariff imposed by the United States, a government official said on Wednesday. Indo...Reuters
Wed, Jul 9
Indonesia says its chief trade negotiator to meet U.S. Lutnick for tariff talks
JAKARTA, July 9 (Reuters) - Indonesia chief economic minister Airlangga Hartarto is scheduled to meet with U.S. Commerce Secretary Howard Lutnick and other senior officials to negotiate its tariff for shipments to the United States, a ministry official said on Wednesday.Indonesia's latest propos...Reuters
Wed, Jul 9
After US tariffs, jobs hang by a thread in Bangladesh's garments sector
Bangladesh's garments sector fears job losses due to US tariffsTariffs make Bangladeshi apparel costlier than competitors like VietnamBrands adopt 'wait-and-see' approach, risking slower growth and job lossesBy Ruma Paul, Fatima johora ASHULIA, Bangladesh, July 9 (Reuters) - The fear ...Reuters
Wed, Jul 9
China economy to top $19.5 trillion this year, says state planner
BEIJING, July 9 (Reuters) - The size of China's economy will exceed 140 trillion yuan ($19.5 trillion) this year, the head of the state planner said as policymakers look to steer the country beyond the current five-year policy plan, which concludes at the end of 2025. The world’s second-larges...Reuters
Wed, Jul 9
REUTERS NEXT-Markets becoming desensitised to Trump's tariff shifts, CGS International CEO says
Chinese firms are relocating resources to SE Asia, says CGS CEOInvestment shifts to Asia, ING executive says India stands out as investment destination, Eastspring Investments CIO saysBy Yantoultra Ngui, Jun Yuan Yong and Himanshi Akhand SINGAPORE, July 9 (Reuters) - Global financial markets ar...Reuters
Wed, Jul 9
Vietnam to introduce measures to cope with US tariffs, trade official says
HANOI, July 9 (Reuters) - Vietnam will devise measures to improve product quality to cope with potential risks from U.S. tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country's deputy trade minister said on Wednesday.The Ministry of Ind...Reuters
Wed, Jul 9
China's factory-gate deflation worst in 2 years as trade war bites
China's June PPI shrinks 3.6%, lowest since July 2023June CPI +0.1% y/y vs -0.1% y/y in MayExports-oriented industries under price pressure, statistician saysOverall demand impulse remains weak, reinforces need for more stimulusTrump's trade war, China's prolonged property crisis undermi...Reuters
Wed, Jul 9
China economy to exceed $19.5 trillion this year, says state planner
BEIJING, July 9 (Reuters) - The head of China's state planner said he expects the size of the economy to exceed 140 trillion yuan ($19.5 trillion) this year, speaking in a press conference on the country's current five-year policy plan, which concludes at the end of 2025.Zheng Shanjie, chair...Reuters
Wed, Jul 9
China's consumer prices rise for first time in five months
BEIJING, July 9 (Reuters) - China's consumer prices rose for the first time in five months in June while producer deflation worsened, as the economy grapples with uncertainty over a global trade war and subdued demand at home. The consumer price index edged up 0.1% last month from a year earlier...Reuters
Wed, Jul 9
China’s CPI inflation arrives at 0.1% YoY in June vs. 0% expected
China’s Consumer Price Index (CPI) rose at an annual pace of 0.1% in June after declining 0.1% in May, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0% in the reported period.Fxstreet
Wed, Jul 9
White House adviser Hassett emerging as serious contender for next Fed chair, WSJ reports
WASHINGTON, July 8 (Reuters) - White House economic adviser Kevin Hassett is emerging as a serious contender to be the next chair of the U.S. Federal Reserve, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.Hassett met with President Donald Trump about the Fed job...Reuters
Wed, Jul 9
