US Tariffs Seen as Far Worse Shock to China Than First Trade War

By the time Javier Milei sat down for dinner with his guests on the 22nd floor of Le Parc, a luxury skyscraper in Buenos Aires, the cash had already been collected — thick wads of hundred-dollar bills, totaling some $20,000 in all, stuffed in a bag held by his sister and business manager, Karina Milei.

I’m Katia Dmitrieva, Asia economics reporter in Hong Kong. Today we’re looking at reciprocal tariffs hitting Asia. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

German inflation slowed more than anticipated in March, nearing the European Central Bank’s 2% target as officials ponder whether to lower interest rates again at their next meeting or pause.