Bloomberg Daybreak: Europe Edition China Tariff Hike Averted, Oasis Inflation Driver, Global US Data Addiction
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Aug 12, 2025 Daniel Moss, a Bloomberg opinion columnist, dives into the pivotal pause in U.S.-China tariff hikes, highlighting its importance for global trade stability. He discusses the controversial appointment of E.J. Antoni at the Bureau of Labor Statistics and the potential ramifications for economic data integrity. The conversation shifts to the curious impact of Oasis's comeback tour on UK inflation, as well as consumer spending trends fueled by TikTok. Moss also touches on the dynamics of international relations, including Trump's upcoming meeting with Putin.
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Tariff Truce Extends To November
- The US and China extended their tariff truce into early November, easing trade tensions.
- The pause keeps current duties and reduces the immediate risk of escalation.
Treasury Seen As A Market Moderator
- Traders view Treasury Secretary Scott Beston as a moderating influence on White House policy.
- Markets trust his counsel even as fiscal deficit challenges remain unresolved.
Oasis Tour Could Nudge UK Inflation
- Oasis's sellout tour may briefly lift UK inflation by a few basis points.
- Economists warn the effect is temporary but complicates the Bank of England's outlook.