The tariff tit for tat continues

From the BBC World Service: China has announced it is responding to steepening US tariffs by ramping up its own taxes on imported US products to 125%. It's the latest twist in what's been a whiplash-inducing week for global investors, government finances, and our savings. Plus, shares in luxury brand Prada were up on Friday after it agreed to buy rival fashion house Versace in a deal worth over $1 billion. And, some customer-facing businesses in South Korea are turning to automation to solve staffing issues amid declining birth rates.