United States:
U.S. Trade Plummeted in March With Record Drop in Exports
“U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel. The overall gap in goods and services trade widened to $44.4 billion from a revised $39.8 billion in February, according to Commerce Department data released Tuesday. The median estimate of economists surveyed by Bloomberg had called for a widening to $44.2 billion.”
Europe:
ECB Weighs Reply After German Ruling Casts Doubt on Crisis-Fighting Program
“European Central Bank policy makers will jump on a conference call Tuesday evening to plot how to respond to a surprisingly critical court ruling that cast doubt over their biggest crisis-fighting program.Officials now have just three months to prove to Germany’s highest court that the asset-purchase program, which has bought 2.7 trillion euros ($2.9 trillion) of debt since 2015 and is adding more each month, is in line with the law.”
Asia:
China Says U.K. Criticism Risks Poisoning Relationship
“China’s Ambassador to the U.K., Liu Xiaoming, said British politicians who have called for a reset of ties between the two nations risk poisoning the relationship. Anti-China rhetoric is in danger of undermining international solidarity in the fight against the coronavirus pandemic, he said in a webinar on Tuesday.”
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