January 22, 2025 01:42 GMT
CHINA PRESS: Trump To Prioritise U.S. Domestic Affairs, Not China
CHINA PRESS
U.S. President Donald Trump will likely prioritise domestic affairs at the start of his second term despite a previous focus on China, wrote Xiao Yu, a researcher from the Chinese Academy of Social Sciences. However, China should be aware Trump could start a global tariff war should a 25% tariff on Canada and Mexico be imposed, said Xiao. The Federal Reserve will likely continue gradually cutting interest rates as U.S. inflation will ease if Trump’s strategy to control energy prices by increasing crude oil output works, Xiao predicted. (Source: 21st Century Business Herald)
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