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The Trade War Isn’t Taking a Summer Break

  • Australia, India, New Zealand central banks set interest rates
  • Bloomberg Economics’ guide to the world economy’s week ahead
Passengers look out at the skyscrapers of the Pudong Lujiazui Financial District while taking a ferry across the Huangpu River in Shanghai.

Passengers look out at the skyscrapers of the Pudong Lujiazui Financial District while taking a ferry across the Huangpu River in Shanghai.

Photographer: Qilai Shen/Bloomberg

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President Donald Trump’s unexpected decision to escalate the trade war is casting a darker pall over the world economy.