Trump plans new China tax rules while Asian nations get ready to profit

Ex-president wants to hit China with extra trade fees‚ but Asian countries might benefit from this move. New operating system from chinese tech giant and climate deals add more complexity to US-China relations

November 27 2024 , 01:34 AM  •  1940 views

Trump plans new China tax rules while Asian nations get ready to profit

Early this week Donald Trump made waves by saying heʼd put new fees on goods from China (10%) and North-American neighbors (25%). His post on Truth Social linked these plans to drugs and border problems‚ but experts think its more about showing power

The former president might face some road-blocks: Section 301 needs long research before any action‚ and his past big promises (like that border wall from 16) didnt always happen. Still‚ both parties now see China as a rival – making some kind of trade limits pretty likely

China wont just sit quiet if new taxes come: its got more tools now to hit back at US firms (even though Chinese markets need american goods less than US needs their stuff). Local firms are getting smart too – theyre already looking at other countries to make their products or ways to dodge fees

Hereʼs who might win big:

  • Vietnam: costs only 7% more than China for making stuff
  • Kazakhstan: good at moving goods around
  • Malaysia: already popular with big companies looking beyond China

Climate talks showed Beijing playing smart: they helped get a $300B deal done while keeping their own money safe. With Trump maybe pulling US out next year; China could end up running the show (even though they make more pollution than all rich countries put together)

Huawei just launched a phone that runs on their own system – not Android or iOS Its a big step‚ but getting people to switch might be hard. Meanwhile chinese state media faces problems as people leave X (old Twitter) for new places: their big investment in old platforms isnt worth as much now

Above the racetrack‚ the golden horse on the weathervane turns toward the crimson moon

From Mu Shiyingʼs “Shanghai Foxtrot“ - 1930s story showing citys wild side