Waltz exit, China’s hint, Apple and Australian election

U.S. President Donald Trump ousts Mike Waltz as National Security Adviser and names Secretary of State Marco Rubio as his interim replacement. China hints at a possible thaw in trade tensions with the United States. A double whammy for Apple – it is facing escalating tariffs costs and a criminal contempt investigation. And Australians head to the polls this weekend in a vote overshadowed by Trump’s volatile diplomacy. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Find the Recommended Read 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