Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:<\/p>\n
US & Canada<\/p>\n
Tariff refunds for companies that paid tens of billions were left unresolved by the Supreme Court, which ruled on Friday that Trump didn\u2019t have legal authority to impose the duties under an emergency law. Importers and retailers will likely try to recoup as much as $170 billion in tariffs they\u2019ve already paid to the US government.<\/p>\n
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The US economy grew less than expected at the end of last year, dragged down by a record-long government shutdown, consumer spending and trade. Even so, a gauge of underlying demand was still strong in the fourth quarter, capping a solid year for the US economy.<\/p>\n
The Trump administration\u2019s war on foreign vehicles is threatening the long\u2011term viability of Canada\u2019s automotive industry, which has depended on the flow of parts and vehicles across North American borders \u2014 mostly tariff-free \u2014 since the 1960s. Many in the Canadian sector are sympathetic to Trump\u2019s desire to have more auto assembly jobs in the US. But the real threat, they argue, is from China.<\/p>\n
Europe<\/p>\n
UK unemployment reached its highest since the pandemic and wage growth eased as the labor market continued to weaken, prompting traders to increase bets on further interest-rate cuts from the Bank of England. Youth unemployment in Britain soared above the European Union average for the first time.<\/p>\n
After Russia\u2019s invasion of Ukraine triggered an about-face on NATO membership, Sweden is starting to consider another historic shift: adopting the euro. If a shift does firm up, it would bolster the euro\u2019s credibility at a time when dollar dominance in world trade and as a reserve currency is being questioned.<\/p>\n
Asia<\/p>\n
Japan\u2019s manufacturing activity stayed expansionary for a third month on the back of solid output, signaling firmer corporate sentiment as Prime Minister Sanae Takaichi prepares to promote her investment plans. Friday\u2019s report suggests that growth is becoming more broad based, providing a tailwind for Takaichi\u2019s government as it moves to ramp up business investment in targeted industries.<\/p>\n
Australia\u2019s central bank assessed the economic outlook had \u201cmaterially shifted\u201d when it decided to execute a U-turn and raise interest rates this month, even as policymakers stopped short of signaling a follow-up move, minutes of its Feb. 2-3 meeting showed.<\/p>\n
Emerging Markets<\/p>\n
Russia\u2019s oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.<\/p>\n
Deep in Argentina\u2019s rust belt, the decades of duress that have hollowed out the steelmaking port town of Villa Constitucion are everywhere on display. President Javier Milei promises his flagship labor reform, the next step in his efforts to remake the Argentine economy, will streamline expenses, boost investment and bring well-paying employment back to the country \u2014 and few places need that more than Villa Constitucion.<\/p>\n
World<\/p>\n
The US imported more from Taiwan than China for the first time in decades as President Donald Trump\u2019s tariffs reshape trade flows while a global boom in artificial intelligence fuels demand for tech products. The US trade report showed the wider December deficit culminated in a full-year gap of $901.5 billion, still one of the largest in data back to 1960.<\/p>\n
Romania, New Zealand, Namibia, Indonesia kept interest rates unchanged. Central bankers in Guatemala, the Philippines and Paraguay lowered borrowing costs. The National Bank of Rwanda delivered its largest rate hike in almost three years.<\/p>\n
–With assistance from Nojoud Al Mallees, Philip Aldrick, Irina Anghel, Laura Curtis, Charlie Duxbury, Patrick Gillespie, Isabel Gottlieb, Yian Lee, James Mayger, Alaric Nightingale, Swati Pandey, Augusta Saraiva, Zoe Schneeweiss, Zoe Tillman, Manuela Tobias and Erica Yokoyama.<\/p>\n","protected":false},"excerpt":{"rendered":"Here are some of the charts that appeared on Bloomberg this week on the latest developments in the…\n","protected":false},"author":2,"featured_media":187522,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[88188,27463,39011,14298,88189,405,50450,131,133,132,88190,13,62,60028,61,13211,88191,8761,1181,88192,1264,19],"class_list":{"0":"post-187521","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-long-beach","8":"tag-2026uspolitics","9":"tag-american","10":"tag-americas","11":"tag-dark","12":"tag-dawn","13":"tag-government","14":"tag-government-news","15":"tag-long-beach","16":"tag-long-beach-headlines","17":"tag-long-beach-news","18":"tag-north-american","19":"tag-politics","20":"tag-rain","21":"tag-rainy","22":"tag-storm","23":"tag-u-s-government","24":"tag-u-s-a","25":"tag-united-states-of-america","26":"tag-us","27":"tag-us-supreme-court","28":"tag-usa","29":"tag-weather"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/187521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=187521"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/187521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/187522"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=187521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=187521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=187521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}