Tag: Trump
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China sets GDP target at 5% and raises budget deficit level as trade war intensifies
China sets its GDP growth target at 5% for 2025, unchanged from last year, despite rising risks of trade tariffs. China set the economic growth target at 5% for 2025 at its annual government meeting, while unleashing more stimulus measures to bolster the economy as trade tensions with the United States escalate. Increasing deficit level…
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Iran Shifts on Talks With Trump’s U.S.
Iranian President Masoud Pezeshkian has stated that Tehran is open to negotiations with the United States. Speaking late Thursday, Pezeshkian said that while Iran does not oppose diplomacy, it won’t be bullied into talks either. His remarks come as U.S. President Donald Trump reinstates his administration’s “maximum pressure” campaign, aiming to cripple Iran’s economy while also signaling a willingness…
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Trump-Putin meeting not imminent, as first US-Russia talks on Ukraine finish in Riyadh
“Intensive work” is needed before a meeting between the two leaders, says top Kremlin aide after 4.5 hours of negotiations in Saudi Arabia. Negotiations Tuesday between Russia and the United States led by Russian Foreign Minister Sergey Lavrov and U.S. Secretary of State Marco Rubio have concluded in Riyadh, Saudi Arabia. The bilateral talks lasted…
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Rise of US dollar forwards builds risk for Asia’s central banks
Central banks across Asia are increasingly using derivatives to protect their currencies against a strong US dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future. The Reserve Bank of India’s net US dollar short forward position – the amount of dollars that will be…
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Why Trump Can’t Ignore Syria
Despite the president’s desire to pull back from the Middle East, dealing with Damascus could be his first big strategic test. The truck attack in New Orleans on Jan. 1, in which 15 people were killed and more than 50 injured, has raised new worries about transnational jihadist extremism. The man whom the FBI has…
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Trump’s oil tariffs a boost for European and Asian refiners
U.S. President Donald Trump’s trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants told Reuters. Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address a national emergency over fentanyl…
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China’s Lesson for India on Weaponized Interdependence
Recent Chinese export curbs on capital goods and machinery to India amount to India’s biggest geoeconomic challenge since sanctions by the West following its successful nuclear test in 1998. Over the past few weeks, multiple reports have emerged suggesting that Chinese companies are restricting export of vital advanced capital goods and machinery to India. Indian manufacturers of electronics, solar…
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What is an executive order, and what orders did Trump sign on day 1?
We take a look at some of the most significant executive actions signed by President Donald Trump. Donald Trump has signed a flurry of executive actions just after being sworn in as the 47th president of the United States, marking the beginning of his second term. There are two types of executive actions: executive orders, which are legally…
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Trump plans crypto-friendly orders in first few days in power
President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash on the campaign trail with promises to be a “crypto president,” is expected…
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Beijing’s Targeting of Taiwan’s Undersea Cables Previews Cross-Strait Tensions Under a Trump Presidency
We can expect China to test the resilience of the Taiwan-U.S. partnership under Trump with more gray-zone operations. On January 5, the Taiwanese government alleged that the Chinese-owned vessel Shunxin-39 cut an undersea fiber-optic cable near Taiwan’s Keelung Harbor by reportedly dragging its anchor across the seabed. Taiwan’s government-run telecommunications operator, Chunghwa Telecom, discovered the alleged sabotage…