Reuters World News China’s hike, tariff politics, Hollywood and brain drain
Apr 11, 2025
China's recent increase in U.S. tariffs to 125% raises eyebrows, especially regarding its impact on President Trump's political landscape. Hollywood faces a downturn as trade tensions shift the spotlight to Chinese cinema. Meanwhile, Europe hopes to benefit from a brain drain, enticing U.S. scientists disheartened by funding cuts. The podcast also touches on significant legal developments in the U.S., adding layers to the complex fabric of global politics and economics.
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Market Turmoil
- The dollar and US treasuries, typically safe havens, are being sold off amid recession fears.
- This market turmoil is driven by the escalating trade war between the US and China.
Trump's Vulnerability
- Trump's vulnerability lies in appearing incompetent, especially regarding economic hardship.
- Public anxieties about finances, like declining retirement accounts and rising food prices, pose a significant political risk.
Hollywood in the Crosshairs
- China restricts American films as a high-profile response to US tariffs.
- This tactic has limited downside for China, as their audiences favor domestic films.