China’s hike, tariff politics, Hollywood and brain drain

Beijing raises U.S. tariffs to 125% but calls time on further retaliation. The political fallout for President Trump as recession fears pummel the dollar. Hollywood is in China’s crosshairs on trade. Plus, Europe eyes a potential intellectual windfall by luring over scientists hit by U.S. job cuts. Sign up for the Reuters Econ World newsletter here. Find the latest Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices