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☆ Inflation haunted Harris. If Trump isn’t careful, it will cost him too
▼ + stars: | 2024-11-07 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Donald Trump rode a powerful wave of discontent over the cost of living back to the White House. Trump reminded voters often that inflation wasn’t a problem when he was calling the shots. But if he’s not careful, Trump could have an inflation problem of his own. They point to study after study that shows Americans bore almost the entire cost of Trump’s tariffs on China. “When Trump uses tariffs as a negotiating tool, I’m fine with that,” Moore said during a phone interview in late October.

Persons: Donald Trump, Trump, he’s, ” Ryan Sweet, won’t, ” Sweet, “, Joe Biden, CNN’s Phil Mattingly, ” He’s, Trump’s, “ We’re, ” Daniel Alpert, CNN’s Allison Morrow, Stephen Moore, CNN he’s “, ” Moore Organizations: New, New York CNN, Voters, Oxford Economics, CNN, Trump, Federal, Peterson Institute for International Economics, Peterson Institute, National Retail Federation, Westwood Capital Locations: New York, Washington, Pennsylvania, China

☆ Trump likely to uphold CHIPS Act despite his campaign rhetoric, experts say
▼ + stars: | 2024-11-07 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Illustration of the China and U.S. flag on a central processing unit. President-elect Donald Trump is unlikely to roll back the Biden administration's CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say. Trump criticized the bill and its price tag. House Speaker Mike Johnson, a Republican, then said that his party "probably will" try to repeal the law. Still, the key Biden policy, which has massive implications for Asian chips makers like TSMC and Samsung, is likely safe in the near term, according to chip experts.

Persons: Donald Trump, Trump, Mike Johnson, Johnson, Biden, Paul Triolo, Albright Stonebridge, CNBC's Organizations: Biden, Republican, Samsung Locations: China, U.S

☆ Investors should expect more aggressive actions with China, says JPMorgan's Michael Feroli
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should expect more aggressive actions with China, says JPMorgan's Michael FeroliMichael Feroli, JPMorgan chief U.S. economist, joins 'Money Movers' to discuss how economists are forecasting growth, how tariffs will impact the U.S. economy, and when its time to worry about debt and deficits.

Persons: JPMorgan's Michael Feroli Michael Feroli Organizations: JPMorgan Locations: China

☆ Trump's tariff plan: Why he's pushing for them, and how they might end up raising prices
▼ + stars: | 2024-11-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

President Trump has said he plans to install a blanket tariff of 10% to 20% on all imports, with additional tariffs of 60% to 100% on goods brought in from China. In the September Presidential debate, Trump characterized the plan as a way to extract money from rival nations. Economists, however, tend to agree that such a plan would would have the effect of raising prices on everyday goods. How tariffs workSimply put, a tariff is a tax on imports, though not one paid by the exporting country. Trump has floated the idea that a tariff policy could eventually replace U.S. federal income tax altogether, a convention that the nonpartisan Peterson Institute for International Economics called "literally impossible."

Persons: Donald Trump, Trump, Howard Gleckman Organizations: Republican, Palm Beach Convention, U.S ., Urban, Brookings Tax Policy Center, CNBC, Tax Foundation, Peterson Institute for International Locations: Palm Beach, West Palm Beach , Florida, China, U.S

☆ Trump trades: Using the 2016 Trump rally stocks as a playbook for what to buy now
▼ + stars: | 2024-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.

Persons: Donald Trump, —, Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland

☆ Gold hits over 3-week low as dollar gains on Trump win; Fed verdict looms
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: +2 min

A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices touched a more than three-week low on Thursday, as the dollar strengthened after Donald Trump's win in the U.S. presidential election, while focus was also on the Federal Reserve's interest rate decision later in the day. Spot gold fell 0.1% to $2,656.34 per ounce, as of 0327 GMT, after hitting its lowest level since Oct. 15 earlier in the session. Bullion hit a record high of $2,790.15 last week and has lost more than $130 since then. Still expect prices to hit $3,000 next year," said Peter Fung, head of dealing at Wing Fung Precious Metals.

Persons: Donald Trump's, Bullion, Trump, Kelvin Wong, OANDA's, Peter Fung Organizations: Gold Investments, U.S, Asia Pacific, Metals Locations: London, Asia

☆ What Trump's election victory means for job seekers
▼ + stars: | 2024-11-07 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Executives focused on hiring told Business Insider that the newfound clarity is already making some employers more willing to post jobs. "Our phone was basically ringing off the hook with companies looking to hire," Lief Larson, CEO of Salesfolks, a staffing firm focused on sales roles, told BI. "We're seeing a pretty healthy number of roles planning to be posted in January, probably more than we even expected," Volberg told BI. A postelection rush to hireAaron Cleavinger, a managing partner at Murdoch Mason Executive Search Group, told BI that he's been "inundated" with new search requests from clients since the election. Rahbar said reductions to immigration could hurt industries beyond agriculture and construction, including tech.

Persons: Donald Trump's, —, haven't, Lief Larson, Tim Glowa, Michelle Volberg, who's, Volberg, she's, that's, Kathleen Lin Hurtubise, Hurtubise, Jason Leverant, Leverant, reshoring, Elon Musk, Aaron Cleavinger, they're, Cleavinger, Peter Rahbar, Rahbar Organizations: Service, Aloha Hospitality Professionals, AtWork Group, Tesla, Murdoch

☆ McNeal: It's very important for the U.S. and China to maintain an economic management mechanism
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcNeal: It's very important for the U.S. and China to maintain an economic management mechanismLongview Global's Dewardric McNeal discusses areas where Chinese president Xi Jinping and President-elect Donald Trump may see eye-to-eye in a second Trump administration.

Persons: McNeal, Dewardric McNeal, Xi Jinping, Donald Trump, Trump Organizations: U.S, Longview Locations: China

☆ Ariana Grande says she's planning a career shift
▼ + stars: | 2024-11-07 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

Ariana Grande opened up about her career plan for the next 10 years. While she said she's "always going to do pop stuff," she plans to focus more on her acting career. AdvertisementAriana Grande returned to her acting roots as Glinda in "Wicked" —and plans to continue on that path. Related Video Ulta Beauty's CMO says the brand's most effective influencers are its store associates"I think I love acting, I love musical theater. If you're planning your next career move, "It's important not to spend every minute asking yourself whether you've made the right decision," he said.

Persons: Ariana Grande, she's, —, Bowen Yang, Matt Roger's, I'm, pinky, Grande, Cat Valentine, Nickelodeon's, Sam, Justin Hill, Rochelle Davidson, Lexi Reese, Dan Shapero, you've Organizations: Service, Broadway, Grande, Business Insider, Google Locations: Sydney

☆ Millennials Are Raising Pets Instead of Kids. Bad News for Dogs, Cats.
▼ + stars: | 2024-11-07 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +12 min

The generation is leading the way when it comes to pet ownership — almost a third of US pet owners are millennials. Across the board, more pet owners are splurging on their animals. In its annual surveys, the American Pet Products Association has found that pet owners have reported spending more on things like treats, food, toys, and clothing each year. While some millennial dog owners are forgoing having children, others are using dogs as training for parenthood. Dog owners can't be blamed entirely for the changing behavior.

Persons: Yena Kim, Shiba Inu, Kim, Ralph Lauren, Bodhi, Luc, Hayley Kellard, King Charles spaniel, Paddy, Kellard, they'd, we'd, —, Dogue, Michael Wang, Adriene Wong, Wang, Wong's, Wong, Dash, he'd, Lili, Mark Van Wye, they're, Van Wye, Sean Prichard, Eliza O'Callaghan, She's, she's Organizations: Bodhi, American Pet Products Association, San, Poochie, corgi, Association for, Pant, Foods Locations: Brooklyn, China, San Francisco, York City, Pompano Beach , Florida, New York City

☆ Trump thinks presidents have near-total power: there will be little to stop him in his second term
▼ + stars: | 2024-11-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump believes presidents have almost absolute power. In his second term, there will be few political or legal restraints to check him. It’s not guaranteed that just because Trump has massive power he will spurn constitutional checks and balances. No other president has come into office armed with a Supreme Court ruling that grants significant immunity to presidents for official acts. Attempts to prosecute Trump’s political foes on spurious grounds, meanwhile, could theoretically see mass resignations of Justice Department staff.

Persons: Donald Trump, Kamala Harris, Trump, he’ll, It’s, ”, Adam Kinzinger, Arizona Sen, John McCain, Marjorie Taylor Greene, “, scoffed, CNN’s Dana Bash, ” Trump, Jack Smith, Elie Honig, Corey Brettschneider, ” Brettschneider, Patrick Henry’s disquiet, George Washington, Brettschneider, Henry, —, Vladimir Putin, Xi Jinping, Viktor Orbán, he’s, Ketanji Brown Jackson, Don McGahn, John Kelly, Mark Esper, That’s Organizations: CNN, White, Republican Party, GOP, Republican, Trump, Capitol, Electoral College, “, Affordable, Georgia Republican, Justice Department, Trump —, Brown University, Citizens, Democratic House, Department, Constitutional Convention Locations: Washington, ”, Ohio, Ukraine, Arizona, Illinois, Georgia, New York, America, Hungarian, New Hampshire, Trump

☆ Is the 'vibecession' here to stay? Here's what experts say
▼ + stars: | 2024-11-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.

Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China

☆ China urges U.S. cooperation as Trump trade threat looms
▼ + stars: | 2024-11-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

A flag stall at the Yiwu Wholesale Market in Zhejiang province, China, on May 10, 2019. BEIJING — China emphasized the need for greater cooperation with the U.S., a day after it became clear President-elect Donald Trump would become the next leader of the White House. She was responding to a question about China's views and planned countermeasures, given the potential for increased U.S. tariffs and restrictions on high-end tech. "Together [we can] push China-U.S. economic and trade relations toward a stable, healthy and sustainable direction, for the benefit of both countries and the world," the commerce spokesperson said. Her comments echoed those of Chinese President Xi Jinping, who earlier in the day noted the benefits of bilateral cooperation in a congratulatory message to Trump, according to a Ministry of Foreign Affairs readout.

Persons: Donald Trump, Xi Jinping, Trump Organizations: U.S, White, China's Ministry of Commerce, CNBC, Ministry of Foreign Affairs Locations: Yiwu, Zhejiang province, China, BEIJING, U.S

☆ Trump win and threat of more tariffs raises expectations for more China stimulus
▼ + stars: | 2024-11-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

On the campaign trial, Trump threatened to impose additional tariffs of 60% or more on Chinese goods sold to the U.S. She expects a stimulus package of more than 10 trillion yuan ($1.39 billion), with about 6 trillion yuan going towards local government debt swaps and bank recapitalization. More than 4 trillion yuan will likely go towards local government special bonds for supporting real estate, Su said. That divergence in stock performance indicates China's stimulus "will be slightly bigger than the baseline scenario," said Liqian Ren, who leads WisdomTree's quantitative investment capabilities. She estimates Beijing will add about 2 trillion yuan to 3 trillion yuan a year in support.

Persons: Zhu Baoliang, Trump, Su, Yue Su, —, Liqian Ren, Ren doesn't, Biden, Chris Miller, That's, China's, Zhiwei Zhang Organizations: Bund, Trump, Citigroup, U.S, Economist Intelligence Unit, National People's Congress, Huawei, Republicans, Senate, NBC, Republican Party, Emergency Economic, Trade Locations: Shanghai, China, Hong Kong, Beijing, U.S

☆ Trump unlikely to roll back CHIPS Act, says technology expert
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump unlikely to roll back CHIPS Act, says technology expertPaul Triolo, partner for China and technology policy lead at Albright Stonebridge Group, discusses what Trump 2.0 could mean for U.S. chip policy.

Persons: Paul Triolo Organizations: Trump, Albright, Group Locations: China

☆ What Trump's win means for retail giants like Walmart, Target, and Costco
▼ + stars: | 2024-11-07 | by ( Dominick Reuter | Nora Redmond | ) www.businessinsider.com time to read: +7 min

Trump's second term likely means changes are on the way that will impact retailers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump's return to the White House is likely to usher in sweeping changes that will impact retailers like Walmart, Target, and Costco — ranging from new tariffs to tax cuts and a new regulatory environment. Trump's campaign promises, along with his prior term record, offer some insights into what major retailers can expect from his second term. Advertisement"That's actually very unhelpful for a lot of retailers, especially in areas like technology, which a lot of retailers are involved," he said.

Persons: —, Donald Trump's, Donald Trump, Neil Saunders, it's, John David Rainey, Trump, Chris Walton, Walton, Jonathan Gold, Johns, Tinglong Dai, Saunders, He's, Lina Khan Organizations: Service, Walmart, Target, Costco, TractorTractor, Dick's Sporting Goods, Data, Omni, National Retail Federation, Trump, Pew Research, Federal, FTC, Kroger, Albertsons, Republican Locations: China, Johns Hopkins, Washington

☆ Inside the Army's $16 million war games built to battle china
▼ + stars: | 2024-11-07 | by ( Graham Flanagan | ) www.businessinsider.com time to read: +1 min

As tension builds in the Indo-Pacific region, the United States Army trains warfighters to be ready for combat in the event of a military conflict with China. The event, known as JPMRC, or Joint Pacific Multinational Readiness Center, pits the Army's 3rd Infantry Brigade Combat Team, known as the Bronco Brigade or Bluefor, against an opposing force, Opfor, played by another brigade of Army soldiers in a sprawling war-games exercise held across the Hawaiian islands. Flanagan follows Bluefor's Charlie Company as it braces for battle with Opfor on the desolate, lava-rock-laden Pohakuloa Training Area on the island of Hawaii. Charlie Company's ranking noncommissioned officer is 1st Sgt. Stewart Fletcher, an eccentric and seasoned combat veteran who now leads a new generation of soldiers who have yet to experience the reality of war.

Persons: Graham Flanagan, Opfor, Flanagan, Charlie, Charlie Company's, Stewart Fletcher Organizations: United States Army, Army's Jungle, Army's 25th Infantry Division, Royal Thai Army, New Zealand Defence Force, Pacific Multinational Readiness, 3rd Infantry Brigade Combat Team, Bronco Brigade, Charlie Company Locations: China, Oahu, Hawaii

☆ Get ready for inflation and interest rates to rise again
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Federal Reserve would likely respond to inflation by raising interest rates to curb demand. In an economic chain reaction, households would then pay higher interest rates on borrowing of all kinds as the Fed moves to tame that newly rekindled inflation. That led to the 30-year fixed mortgage rate rising, meaning homebuyers are on track to see higher interest rates on loans. An analysis by the nonpartisan Tax Policy Center found that Trump's policies would decrease posttax incomes by an average of $1,800 in 2025. Trump's win is also expected to influence the Federal Reserve's upcoming decisions on interest rates.

Persons: Donald Trump, —, Trump, Ramping, Trump's, it's, Jerome Powell, Joseph Stiglitz Organizations: Federal, Service, Biden, US Census Bureau, Trump, Peterson, Center, American Progress, Tax Foundation, Fed Locations: China

It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.

Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada

☆ Israel-France tensions deepen as Paris says consulate staff briefly detained by police in Jerusalem
▼ + stars: | 2024-11-07 | by ( Alex Stambaugh | Eugenia Yosef | ) edition.cnn.com time to read: +4 min

France’s Foreign Minister Jean-Noel Barrot was due to visit the French-owned Eleona church compound, which houses a sanctuary, on Thursday when the incident occurred. The employees were later released following the intervention of the minister, France’s Foreign Ministry statement said. France’s Foreign Ministry said it would summon Israel’s ambassador in the coming days. French Foreign Minister Jean-Noël Barrot, left, speaks to journalists from the Mount of Olives during his visit to Jerusalem on November 7, 2024. In recent years, there have been several incidents between French officials and Israeli security officers at French-administered sites in Jerusalem.

Persons: CNN —, Jean, Noel Barrot, “, Barrot, ” Barrot, Emmanuel Macron, Noël Barrot, Olives, Maya Alleruzzo, Macron, Benjamin Netanyahu, of Saint Anne, ”, Edward Szekeres, Saskya Vandoorne Organizations: CNN, France’s, Ministry, French, AP Relations, United Nations, Reuters, of Saint Locations: CNN — France, Jerusalem, Israel, Gaza, Lebanon, French, France, Iran, European, UNIFIL, Paris

CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, ”, Carsten Brzeski, “, Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China, ”

☆ Trump's principle tariff focus will be China — not elsewhere, says political economist
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's principle tariff focus will be China — not elsewhere, says political economistLizzy Galbraith, political economist at asset manager Abrdn, discusses President-elect Donald Trump's election win and what it could mean for the political economy.

Persons: Lizzy Galbraith, Abrdn, Donald Trump's Locations: China

☆ China's luxury slump is trickling down to other consumer companies
▼ + stars: | 2024-11-07 | by ( Madeline Berg | Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's luxury slump is spreading to more consumer brands. Companies like Starbucks, Estée Lauder, and Nike have reported falling sales in the region. It's hitting Western brands particularly hard, as reflected by companies across the consumer sector reporting muted sales in China in the most recent quarter. Consumer spending in China never fully recovered after the government started lifting COVID-19 curbs in late 2022. AdvertisementAdidas managed to buck the trend, reporting sales up 9% in Greater China in the third quarter.

Persons: Estée Lauder, —, China's, MingYii Lai, Brian Niccol, L'Oréal, Lynn Song Organizations: Companies, Starbucks, Nike, Service, Burberry, Daxue Consulting, InBev, Carlsberg, Apple, Adidas, Heineken, Greater China, ING Locations: China, Beijing, Greater China, Greater

☆ Iran's big gamble on ballistic missiles is being tested like never before
▼ + stars: | 2024-11-07 | by ( ) www.businessinsider.com time to read: +6 min

At the same time, it has still prioritized building offensive ballistic missiles to deter and strike its adversaries. Several reports go so far as to report that Iran's entire arsenal of Russian-built S-300 air defense systems was hit. Related storiesThere are reasons to be skeptical about the extent of damage to Iran's air defenses. Israel's attack was retaliation for Iran's enormous October 1 ballistic missile strike. Unlike its foe Israel, which has built one of the world's most advanced air defense systems, Iran has focused on developing strike missiles.

Persons: —, Tehran's, Joe Biden's, Amos Hochstein, hasn't, Arash Azizi, Boston University's Frederick S, James Devine, Israel, Farzin, Nadimi, Azizi, Devine Organizations: Service, Boston University's, Pardee Center, Iran's, Department of Politics, Relations, Mount Allison University, Washington Institute for Near East, AIM, Phoenix, Soviet Union, American Hawk Locations: Iran, Russia, Ukraine, Israel, Tehran, Moscow, Iraq, Soviet, American, China, North Korea

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

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