Trump's decision to escalate trade war casts shadow over global economy

Here is weekly rundown of major global economic events

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

The back and forth between China and the US will likely continue this week as economists seek to work out what another 10% tariff on a further $300 billion in Chinese imports will mean for global growth. Click here for a rundown of all the Bloomberg News coverage.

Bloomberg Economics reckons that tariffs at the current level are enough to inflict a drag on Chinese gross domestic product of about 0.2% and 0.4% respectively with the cost peaking in 2021. Additional