https://www.scmp.com/rss/519640/feed Latest news, updates, analysis and opinion about the 2024 US presidential election and its potential impact on Asia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Laura Zhou Laura Zhou A new academic study tracking Chinese public opinion before and after the 2020 and 2024 US presidential elections suggests that the perception of the United States is related more to political changes and policy signals than to entrenched anti-American ideology. And the survey – conducted after Donald Trump won the election in November 2024, but before he returned to the White House for his second presidential term and the subsequent trade war – reveals a pivotal shift in Chinese public... https://www.scmp.com/news/china/diplomacy/article/3330617/chinese-watching-washington-moved-more-policy-events-entrenched-ideology-paper?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3330617/chinese-watching-washington-moved-more-policy-events-entrenched-ideology-paper?utm_source=rss_feed Tue, 28 Oct 2025 15:00:11 +0000 As president-elect Donald Trump made his plans to deport millions of undocumented migrants known, Chinese border crossers began flooding group chats voicing fear that their stay in the US could be precariously short. “Once Trump gets in office, he’ll kick all of us out,” said one. A letter written by Chinese migrants, pledging to obey US laws and contribute to the country, began circulating soon after it was clear Trump had won. Those who signed the letter aim to present it to him on his... https://www.scmp.com/news/china/diplomacy/article/3292248/what-fate-awaits-undocumented-chinese-migrants-us-under-donald-trump?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3292248/what-fate-awaits-undocumented-chinese-migrants-us-under-donald-trump?utm_source=rss_feed Wed, 25 Dec 2024 14:00:08 +0000 New Zealand believes it should be exempt from any sweeping US tariffs that president-elect Donald Trump might impose when he takes office and has instructed officials to make its case, Finance Minister Nicola Willis said. “Our starting position is please don’t do that,” Willis said in an interview on Thursday in Wellington. “The job that we’ve tasked our diplomats with is to put New Zealand’s absolute best foot forward.” Trump has threatened across-the-board tariffs on both US friends and foes,... https://www.scmp.com/news/asia/australasia/article/3290586/new-zealand-pleads-trump-spare-ally-new-tariffs-please-dont-do?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3290586/new-zealand-pleads-trump-spare-ally-new-tariffs-please-dont-do?utm_source=rss_feed Fri, 13 Dec 2024 01:10:50 +0000 The US needs to explore expanding its visa options to bring in qualified workers in quantum research and industry to close a “significant” gap with China in the country’s pursuit of a technological edge, a senior American energy official has urged. Rima Oueid of the US Department of Energy on Monday estimated that half of the jobs in quantum computing “are not getting filled” in remarks at the Hudson Institute, a Washington-based think tank. Without disclosing specific figures, Oueid, who works... https://www.scmp.com/news/china/science/article/3290077/us-can-edge-china-tech-adding-visa-options-lure-quantum-workers-senior-official?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3290077/us-can-edge-china-tech-adding-visa-options-lure-quantum-workers-senior-official?utm_source=rss_feed Mon, 09 Dec 2024 23:14:18 +0000 Bloomberg Bloomberg A Japan-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia. From Seoul to New Delhi, governments and regulators are hurrying to implement their own versions of Japan’s decade-long programme of structural reforms that helped drive its benchmark index to a record high this year. While these initiatives vary, they are often collectively referred by the term coined by South Korea: “Value Up.” The timing looks... https://www.scmp.com/business/companies/article/3288796/rush-value-may-be-asia-stocks-best-defence-against-trump?utm_source=rss_feed https://www.scmp.com/business/companies/article/3288796/rush-value-may-be-asia-stocks-best-defence-against-trump?utm_source=rss_feed Sat, 30 Nov 2024 06:34:06 +0000 Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US president-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said. Two sources familiar with Trump’s plan said that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, despite the US oil industry’s warnings that the policy could hurt consumers, industry and national security. The United... https://www.scmp.com/news/asia/article/3288435/cheaper-canadian-mexican-oil-flow-asia-if-trump-slaps-tariffs?utm_source=rss_feed https://www.scmp.com/news/asia/article/3288435/cheaper-canadian-mexican-oil-flow-asia-if-trump-slaps-tariffs?utm_source=rss_feed Thu, 28 Nov 2024 03:02:20 +0000 Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! The re-election of Donald Trump as US president earlier this month brought with it fresh challenges and opportunities in the Asia-Pacific region, where several countries have also witnessed leadership changes. Japan’s parliament last week voted to keep Shigeru Ishiba, who had only been elected last month, as Japan’s prime... https://www.scmp.com/economy/global-economy/article/3287952/new-leaders-asia-well-us-create-questions-donald-trumps-return-looms?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3287952/new-leaders-asia-well-us-create-questions-donald-trumps-return-looms?utm_source=rss_feed Mon, 25 Nov 2024 06:00:24 +0000 “Today is the day – get out and vote,” Donald Trump urged in a November 5 message on TikTok, a highly popular social-media platform whose controversial impending ban lays bare an underlying Sino-American tension since the Republican’s first presidency. Although Trump has yet to post on his personal TikTok account since winning the election, he turned to the video app during his campaign to engage young Americans. Nearly 30 per cent of TikTok’s 170 million US-based users are between 25 and 34... https://www.scmp.com/news/china/article/3287606/can-donald-trump-avid-tiktok-user-and-china-critic-save-platform-us-ban?utm_source=rss_feed https://www.scmp.com/news/china/article/3287606/can-donald-trump-avid-tiktok-user-and-china-critic-save-platform-us-ban?utm_source=rss_feed Thu, 21 Nov 2024 16:12:15 +0000 China is accelerating its efforts to stockpile microchips from the United States, as it looks to hedge against a potential wave of sanctions from the incoming administration of president-elect Donald Trump. Beijing’s appetite for US semiconductors has surged in recent months, with purchases reaching US$1.11 billion in October – a 60 per cent increase compared with the same period last year, according to customs data released on Wednesday. Over the first 10 months of the year, China imported... https://www.scmp.com/economy/china-economy/article/3287571/china-races-stockpile-us-chips-trump-ramps-sanctions?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3287571/china-races-stockpile-us-chips-trump-ramps-sanctions?utm_source=rss_feed Thu, 21 Nov 2024 15:00:17 +0000 Japan’s Foreign Ministry is steering clear of a potentially damaging dispute with the incoming US administration over social media comments made by Tulsi Gabbard, US president-elect Donald Trump’s nominee for director of national intelligence, suggesting that Japan is a military threat to the US. Since her nomination was announced last week, the Japanese media resurfaced the comments, which were made by Gabbard to mark the 79th anniversary of the Japanese attack on Pearl Harbour on December 7 of... https://www.scmp.com/week-asia/politics/article/3287456/japan-downplays-trump-pick-tulsi-gabbards-warnings-its-military-threat-us?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3287456/japan-downplays-trump-pick-tulsi-gabbards-warnings-its-military-threat-us?utm_source=rss_feed Thu, 21 Nov 2024 01:20:42 +0000 Southeast Asian nations will face heightened uncertainty over security and trade when US president-elect Donald Trump returns to the White House, but the ability to adapt has been part of the region’s “psyche and strategy” when dealing with Washington for a long time, experts say. The biggest risk for the region would be how the next administration approaches its defence partnerships and network of alliances, said Hoang Thi Ha, a researcher at Singapore’s ISEAS – Yusof Ishak Institute. “Given... https://www.scmp.com/week-asia/politics/article/3287332/will-second-trump-presidency-reshape-southeast-asias-trade-security-landscape?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3287332/will-second-trump-presidency-reshape-southeast-asias-trade-security-landscape?utm_source=rss_feed Wed, 20 Nov 2024 04:51:37 +0000 Divisions among US president-elect Donald Trump’s advisers over who will get key economic roles in the new administration dominated coverage of the transition on Monday, highlighting concern over tariffs, a central issue in US-China relations. The leading contenders for US treasury secretary include billionaire Cantor Fitzgerald CEO Howard Lutnick and hedge-fund manager Scott Bessent. However, names like former Federal Reserve governor Kevin Warsh and Marc Rowan, another billionaire financier,... https://www.scmp.com/news/china/politics/article/3287118/speculation-over-donald-trumps-us-treasury-pick-reveals-divergent-views-transition?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3287118/speculation-over-donald-trumps-us-treasury-pick-reveals-divergent-views-transition?utm_source=rss_feed Mon, 18 Nov 2024 19:55:31 +0000 Khushboo Razdan,Laura Zhou Khushboo Razdan,Laura Zhou Days after Donald Trump’s electoral win sent shock waves of concern through Europe and Asia, India’s top diplomat seemed to mock the response, expressing confidence in being able to navigate the US president-elect’s approach to foreign relations. Indian Foreign Minister Subrahmanyam Jaishankar said that many countries might be nervous, but that “India was not one of them”. Prime Minister Narendra Modi’s congratulations, Jaishankar said, were “among the first three calls, I think, that President... https://www.scmp.com/news/us/diplomacy/article/3287112/us-and-india-line-second-trump-administration-china-could-be-targeted?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3287112/us-and-india-line-second-trump-administration-china-could-be-targeted?utm_source=rss_feed Mon, 18 Nov 2024 17:06:25 +0000 Beijing’s top official handling trade and economic affairs talks with the United States inspected major container ports in China’s top exporting province on Sunday, amid concerns over the potential impact of US president-elect Donald Trump’s trade policies. During his visits to Nansha Port in the city of Guangzhou and Shekou Port in the city of Shenzhen in the southern Guangdong province, Vice-Premier He Lifeng urged for stronger trade resilience and to make the trade more convenient, pushing... https://www.scmp.com/economy/china-economy/article/3287062/chinas-vice-premier-pushes-trade-resilience-amid-us-tariff-threat?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3287062/chinas-vice-premier-pushes-trade-resilience-amid-us-tariff-threat?utm_source=rss_feed Mon, 18 Nov 2024 12:30:14 +0000 Yuke Xie Yuke Xie Hong Kong investors believe Donald Trump’s election will “enhance the global economic climate,” even if his protectionist policies and tariffs increase tensions between China and the US, according to a survey. According to the survey, published on Monday, 70 per cent of Hongkongers said they believe Trump’s presidency would be better for the global economy than Kamala Harris’s, despite the likelihood of greater US-China tensions and the potential effects on local economic growth. The survey, led... https://www.scmp.com/business/markets/article/3287026/hong-kong-investors-say-they-are-bullish-about-trump-presidency-survey-shows?utm_source=rss_feed https://www.scmp.com/business/markets/article/3287026/hong-kong-investors-say-they-are-bullish-about-trump-presidency-survey-shows?utm_source=rss_feed Mon, 18 Nov 2024 08:30:13 +0000 US president-elect Donald Trump’s picks for key national security and foreign relations cabinet positions have not gone down well with Washington’s Muslim partners in the Middle East and South Asia. That is in stark contrast to Israel, which has been delighted at Trump’s appointments of staunch supporters of Prime Minister Benjamin Netanyahu’s plan to annex the occupied Palestinian territories. Trump’s appointments and nominations thus far were “very good news for Israel’s hardliners”, said... https://www.scmp.com/week-asia/politics/article/3286822/good-news-israels-hardliners-trumps-hawkish-cabinet-picks-rattle-muslim-allies?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286822/good-news-israels-hardliners-trumps-hawkish-cabinet-picks-rattle-muslim-allies?utm_source=rss_feed Fri, 15 Nov 2024 13:35:56 +0000 Donald Trump’s return to the White House is sparking concerns that his hardline immigration policies could disrupt the mobility of India’s skilled workers and threaten US industries reliant on global talent. Poorvi Chothani, managing partner at LawQuest, a global immigration law firm operating in both India and the United States, expressed concerns that a Trump 2.0 administration could reintroduce policies unfavourable to Indian IT companies and skilled professionals. “A Trump-led government may... https://www.scmp.com/week-asia/politics/article/3286742/trump-20-sparks-concern-india-about-restrictions-movement-skilled-workers-us?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286742/trump-20-sparks-concern-india-about-restrictions-movement-skilled-workers-us?utm_source=rss_feed Fri, 15 Nov 2024 09:30:12 +0000 Aidan Jones Aidan Jones A few days after Donald Trump won back the US presidency, the orders began to flood in for the small but powerful bitcoin mining boxes – specialised devices used to generate the cryptocurrency – sold by Thai entrepreneur Thana. “When the bitcoin price surges, it’s not worth buying … it’s better to mine it,” said Thana, requesting anonymity given his client base. Before the November 5 election, the price of a single bitcoin stood at around US $68,000. Since Trump’s win, it has risen to an... https://www.scmp.com/week-asia/economics/article/3286741/asias-bitcoin-wallets-bulge-cryptocurrency-convert-trump-returns-white-house?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3286741/asias-bitcoin-wallets-bulge-cryptocurrency-convert-trump-returns-white-house?utm_source=rss_feed Fri, 15 Nov 2024 08:54:08 +0000 Japanese conservatives are urging Prime Minister Shigeru Ishiba to delay his planned meeting with US president-elect Donald Trump, saying his weak political position and “unstable government” make him vulnerable to demands that could harm Japan, while others insist that engaging now is crucial to maintaining strong US relations. In a column published by the Japan Institute for National Fundamentals, one of the country’s leading conservative think tanks, director Takashi Arimoto said Trump... https://www.scmp.com/week-asia/politics/article/3286574/japans-ishiba-too-weak-deal-trump-split-views-when-meeting-should-occur?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286574/japans-ishiba-too-weak-deal-trump-split-views-when-meeting-should-occur?utm_source=rss_feed Fri, 15 Nov 2024 02:00:20 +0000 The imminent return of Donald Trump to the White House has raised alarms among Australia’s defence community, with analysts concerned his approach to foreign policy could destabilise the Indo-Pacific and complicate the multibillion-dollar Aukus submarine project. Nick Bisley, dean of humanities and social sciences at La Trobe University in Melbourne, said that despite Australian leaders’ public confidence in the US alliance, there was significant unease behind the scenes. “There is a great deal... https://www.scmp.com/week-asia/politics/article/3286598/trumps-return-sparks-anxiety-australias-defence-community-over-aukus-submarine-deal?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286598/trumps-return-sparks-anxiety-australias-defence-community-over-aukus-submarine-deal?utm_source=rss_feed Fri, 15 Nov 2024 00:00:16 +0000 China’s trade with Russia is set to hit new highs this year as payment barriers have been partly addressed in recent months, but analysts warned that US president-elect Donald Trump’s return could be accompanied with more hits to bilateral trade. And prolonged financial sanctions are also complicating Russia’s efforts to sell products to China due to delayed payments, they warned. China saw the quickest boost to its exports to Russia in almost a year in October, with shipments rising by 26.7 per... https://www.scmp.com/economy/global-economy/article/3286562/china-russia-trade-set-hit-new-highs-trump-factor-payments-cloud-outlook?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3286562/china-russia-trade-set-hit-new-highs-trump-factor-payments-cloud-outlook?utm_source=rss_feed Thu, 14 Nov 2024 15:00:10 +0000 India is keenly observing any move by US President-elect Donald Trump to end the Russia-Ukraine war, with analysts saying a resolution could settle New Delhi’s conundrum of having to balance its relations with Moscow and the West. “If Americans and Russians can get along [after the war is over], it is great news for India,” said Harsh Pant, an international relations professor at King’s College London. Earlier this week, the Kremlin dismissed media reports that Trump had spoken to Russian... https://www.scmp.com/week-asia/politics/article/3286573/can-india-benefit-trumps-bid-end-russia-ukraine-war?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286573/can-india-benefit-trumps-bid-end-russia-ukraine-war?utm_source=rss_feed Thu, 14 Nov 2024 09:30:09 +0000 The move by Indonesia’s President Prabowo Subianto to forge close ties with US president-elect Donald Trump is seen as crucial in pre-emptively shielding Southeast Asia’s largest economy given the Republican’s pro-protectionist stance. Andreyka Natalegawa, associate fellow for the Southeast Asia Program at the Center for Strategic and International Studies in Washington D.C., said it was “critically important” for Prabowo and other Southeast Asian leaders to cultivate “positive personal... https://www.scmp.com/week-asia/politics/article/3286426/can-indonesias-prabowo-build-rapport-trump-and-stave-us-protectionism?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286426/can-indonesias-prabowo-build-rapport-trump-and-stave-us-protectionism?utm_source=rss_feed Thu, 14 Nov 2024 04:00:14 +0000 New Zealand is likely to adopt a “wait and see” approach to assess if US president-elect Donald Trump moves away from the current administration’s strong presence in the Indo-Pacific region, analysts say, signalling that its alliance choices may hinge on Washington’s next moves. Nicholas Ross Smith, senior research fellow at the University of Canterbury, said New Zealand is likely to observe how Trump’s second term unfolds, adding that if Trump 2.0 moves away from pursuing a strong Indo-Pacific... https://www.scmp.com/week-asia/politics/article/3286388/new-zealands-aukus-decision-hinges-trumps-indo-pacific-strategy?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286388/new-zealands-aukus-decision-hinges-trumps-indo-pacific-strategy?utm_source=rss_feed Thu, 14 Nov 2024 00:00:13 +0000 With the prospect of a more isolationist United States under a second Trump administration, Asian economies must pivot to remain at the forefront of global trade and sharpen their tools to not just survive but thrive. US manufacturing has experienced a decline since the 2008-09 global financial crisis, despite a brief resurgence in productivity and job numbers in recent years. However, revitalising manufacturing is not a straightforward path to job creation. Automation and artificial... https://www.scmp.com/opinion/asia-opinion/article/3286159/how-asia-can-strengthen-its-trade-manufacturing-trump-returns?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3286159/how-asia-can-strengthen-its-trade-manufacturing-trump-returns?utm_source=rss_feed Wed, 13 Nov 2024 21:30:08 +0000 Muhammad Yunus, the interim leader of Bangladesh’s government, is expected to “bury the hatchet” with US President-elect Donald Trump and start afresh in working with the new American administration. Analysts say while Yunus’ strained relationship with Trump is an open secret, Bangladesh’s “strategic appeal” as a country with close ties to India and China means the US government is likely to reciprocate Dhaka’s overtures. “I suspect Yunus will be ready to bury the hatchet,” said Michael... https://www.scmp.com/week-asia/politics/article/3286444/bangladeshs-yunus-could-bury-hatchet-trump-advance-ties?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286444/bangladeshs-yunus-could-bury-hatchet-trump-advance-ties?utm_source=rss_feed Wed, 13 Nov 2024 13:42:27 +0000 A former adviser to US President-elect Donald Trump has apparently fired a warning shot to Australian envoy Kevin Rudd over his future in Washington as the former prime minister’s past feud with Trump resurfaces ahead of the Republican’s return to the White House. Dan Scavino on Tuesday responded to Rudd’s post on X congratulating Trump on his re-election with an animated GIF showing sand trickling down an hourglass, reportedly signalling the diplomat’s days in Washington are numbered. Rudd, who... https://www.scmp.com/week-asia/politics/article/3286362/australias-us-envoy-kevin-rudd-gets-ominous-hint-ex-trump-aide-his-future?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286362/australias-us-envoy-kevin-rudd-gets-ominous-hint-ex-trump-aide-his-future?utm_source=rss_feed Wed, 13 Nov 2024 06:43:18 +0000 One week after Donald Trump claimed victory in the US presidential election, Okinawans who have been campaigning for a reduction in American military presence in their prefecture are hopeful the incoming White House administration will advance their aims. The Japanese government, meanwhile, is bracing for the new Republican administration to follow through on demands made the first time Trump was in the White House. He had insisted that Washington’s security partners – primarily the members of... https://www.scmp.com/week-asia/politics/article/3286183/trumps-victory-sparks-hope-anti-us-base-movement-japans-okinawa?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286183/trumps-victory-sparks-hope-anti-us-base-movement-japans-okinawa?utm_source=rss_feed Wed, 13 Nov 2024 00:00:13 +0000 When you bargain with the devil, you don’t get to set the terms. So good luck to Taiwan for trying to keep its most advanced chip manufacturing on the island. Kuo Chih-hui, the island’s minister of economic affairs and himself an industry veteran, has declared the government is legally bound to prevent chipmakers from producing 2-nanometre (nm) chips abroad, read, in the United States. He made the statement as soon as Donald Trump was elected, saying domestic tech protection regulations require... https://www.scmp.com/opinion/article/3286226/trump-its-payback-time-taiwans-chips-industry?utm_source=rss_feed https://www.scmp.com/opinion/article/3286226/trump-its-payback-time-taiwans-chips-industry?utm_source=rss_feed Tue, 12 Nov 2024 13:00:13 +0000 Inquiries by Chinese companies for factory and office space in Malaysia have spiked since Americans voted for Donald Trump to return to the White House, driven in part by his campaign pledge to slap 60 per cent tariffs on Chinese goods. During his first term, Trump’s “America First” policy sparked a trade conflict with China, with tariffs imposed on US$550 billion of Chinese products. The tensions between Washington and Beijing also led to disruptions in global supply chains and fuelled... https://www.scmp.com/week-asia/economics/article/3286205/trumps-victory-malaysia-sees-more-interest-chinese-firms-business-space?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3286205/trumps-victory-malaysia-sees-more-interest-chinese-firms-business-space?utm_source=rss_feed Tue, 12 Nov 2024 08:02:18 +0000 Indonesian leader Prabowo Subianto and US president-elect Donald Trump expressed admiration for each other during a phone call the former made to congratulate the Republican on his return to the White House. Prabowo arrived in the United States on Monday following a state visit to China, where he met President Xi Jinping and signed US$10 billion in new deals at a business forum in Beijing. The 72-year-old shared a video of his conversation with Trump on Instagram and expressed his desire to meet... https://www.scmp.com/week-asia/politics/article/3286174/trump-showers-praise-indonesias-prabowo-during-congratulatory-call?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286174/trump-showers-praise-indonesias-prabowo-during-congratulatory-call?utm_source=rss_feed Tue, 12 Nov 2024 05:40:34 +0000 Yujie Xue Yujie Xue The agenda at the United Nations’ Cop29 climate summit has become more complicated with the re-election of Donald Trump, who made “Drill, baby, drill” an applause line on the campaign trail. The summit, which kicked off in Baku, Azerbaijan, on Monday, marks the first time in 15 years that global representatives will negotiate a new global climate finance target – detailing the support wealthy nations will provide to countries that need help to achieve their climate goals. It also marks the... https://www.scmp.com/business/article/3286153/cop29-can-china-fill-climate-void-left-trumps-return-drill-baby-drill?utm_source=rss_feed https://www.scmp.com/business/article/3286153/cop29-can-china-fill-climate-void-left-trumps-return-drill-baby-drill?utm_source=rss_feed Tue, 12 Nov 2024 03:17:44 +0000 Donald Trump’s hardline stance on immigration has energised support among some Filipino-American voters while provoking anxiety among others, experts say, amid fears about the mass deportation of undocumented Filipinos in the United States under his new administration. Philippine Ambassador to the US Jose Manuel Romualdez highlighted the divide among Filipino-Americans in a radio interview held before last week’s presidential election. While many had expressed support for Trump due to their... https://www.scmp.com/week-asia/politics/article/3286116/will-trump-deport-thousands-filipinos-living-us-illegally?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3286116/will-trump-deport-thousands-filipinos-living-us-illegally?utm_source=rss_feed Tue, 12 Nov 2024 02:00:10 +0000 Though a second term for Donald Trump as US president is generally regarded as bad news for China’s export-heavy economy, there is one part of the country where some merchants are finding reason to celebrate – the eastern manufacturing hub of Yiwu, where orders for Trump merchandise have gone through the roof. Over 1,000 products with Trump’s likeness or slogans – clothing, dolls, flags, socks, figurines and more – are now available on the popular shopping platform Amazon. A top-selling piece of... https://www.scmp.com/economy/global-economy/article/3286076/chinese-firms-get-unlikely-boost-trump-election-merchandise-orders-soar?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3286076/chinese-firms-get-unlikely-boost-trump-election-merchandise-orders-soar?utm_source=rss_feed Mon, 11 Nov 2024 14:30:08 +0000 Investment bank UBS cut its forecast for China’s economic growth next year due to the threat of steep US tariffs on Chinese goods under president-elect Donald Trump, although other global financial institutions have stuck to slightly more optimistic forecasts. The Swiss bank on Sunday said it expected China’s gross domestic product to expand by “around 4 per cent” next year, down from an estimate of 4.5 per cent it made in October. And growth for the world’s second-largest economy is forecast to... https://www.scmp.com/economy/china-economy/article/3286060/chinas-2025-gdp-growth-forecast-cut-ubs-trump-threat-others-wait-and-see?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3286060/chinas-2025-gdp-growth-forecast-cut-ubs-trump-threat-others-wait-and-see?utm_source=rss_feed Mon, 11 Nov 2024 09:30:08 +0000 With Donald Trump’s election victory sparking expectations of steep tariffs, US importers are expected to rush to front-load goods from China even before January’s inauguration to sidestep potential cost increases and deliver a surprising boost to Chinese exports. In the long term, analysts said the direct damage to China’s economy caused by any potential tariff increases would be modest, although cumulative tariffs could hit exports, and may require a higher fiscal deficit or yuan depreciation... https://www.scmp.com/economy/global-economy/article/3286025/china-export-rush-expected-ahead-trumps-trade-war-20-beijing-show-restraint?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3286025/china-export-rush-expected-ahead-trumps-trade-war-20-beijing-show-restraint?utm_source=rss_feed Mon, 11 Nov 2024 05:21:13 +0000 The live webinar, which was available for all readers, has ended. For our paid subscribers, this webinar will be available for on-demand playback along with a comprehensive summary of the key discussion points. If you do not have a subscription, please consider subscribing here. The world is about to face a new era in American politics, with Donald Trump elected the 47th president of the United States. The outcome is likely to have an outsize impact on the strategic relationship between China,... https://www.scmp.com/opinion/article/3285616/return-trump-whats-next-china-asia-and-world?utm_source=rss_feed https://www.scmp.com/opinion/article/3285616/return-trump-whats-next-china-asia-and-world?utm_source=rss_feed Mon, 11 Nov 2024 04:30:28 +0000 Cheryl Arcibal Cheryl Arcibal Donald Trump’s re-election as US president brings both bad and good news for global investors in the US property market, analysts said, including for the Chinese citizens who make up the largest group of foreign buyers there. Trump’s expected tax cuts and the inflation unleashed by his slate of tariffs are likely to keep interest rates at elevated levels for longer, according to Knight Frank’s head of global research, Liam Bailey. This could mean higher property prices, which is good for current... https://www.scmp.com/business/article/3285844/trump-election-good-or-bad-chinese-property-investors-us-its-mixed-bag?utm_source=rss_feed https://www.scmp.com/business/article/3285844/trump-election-good-or-bad-chinese-property-investors-us-its-mixed-bag?utm_source=rss_feed Sun, 10 Nov 2024 23:00:13 +0000 Ever since the US dollar cemented its role as the backbone of the global financial system following the second world war, it has been a weapon of choice for American presidents waging economic warfare. But as the United States’ use of sanctions has proliferated in recent years, concerns have grown in China and elsewhere over whether the US dollar can remain a safe haven currency. Now, following Donald Trump’s victory in Tuesday’s US presidential election, a fresh wave of uncertainties looms over... https://www.scmp.com/economy/china-economy/article/3285834/china-searches-safe-havens-amid-us-debt-woes-dollar-weaponisation?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3285834/china-searches-safe-havens-amid-us-debt-woes-dollar-weaponisation?utm_source=rss_feed Sat, 09 Nov 2024 22:00:14 +0000 Asia-Pacific nations are bracing themselves for a reprise of “America First” under a second Donald Trump presidency, which experts say may pack fewer surprises but make them pay more for their defence and exports – while sharing the bill for a US retreat from common climate goals. Eight years ago, Trump’s first term brought shock and unpredictability as he yanked the US from trade and climate deals, and imposed damaging tariffs on China that rerouted global supply chains. He also shunned Asian... https://www.scmp.com/week-asia/politics/article/3285870/trump-returns-asia-prepares-pay-price-reprise-america-first-policy?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3285870/trump-returns-asia-prepares-pay-price-reprise-america-first-policy?utm_source=rss_feed Sat, 09 Nov 2024 00:05:35 +0000 China is expected to set its economic growth target again at “around 5 per cent” in 2025 despite the looming threat of increased tariffs under Donald Trump’s second term as US president, as Beijing would accelerate stimulus support accordingly, according to a prominent Chinese economist. The potential trade shock may slow overall growth in early 2025, but China’s economy is expected to pick up momentum later in the year to achieve the annual growth target, said Zhang Ming, deputy director of the... https://www.scmp.com/economy/policy/article/3285676/china-stick-around-5-gdp-target-2025-despite-trump-tariff-threat-economist?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3285676/china-stick-around-5-gdp-target-2025-despite-trump-tariff-threat-economist?utm_source=rss_feed Fri, 08 Nov 2024 03:00:12 +0000 US President-elect Donald Trump’s forthcoming return to the White House has ignited speculation that he would reconnect with North Korean leader Kim Jong-un through another summit, but analysts say Pyongyang has to curtail its threats and commit to denuclearisation before talks between the two could take place again. Given the difficulties of achieving “complete, verifiable, and irreversible denuclearisation” (CVID) with the North in the near term, analysts suggest the US and South Korea should... https://www.scmp.com/week-asia/politics/article/3285627/can-us-donald-trump-woo-north-koreas-kim-jong-un-hold-denuclearisation-talks-again?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3285627/can-us-donald-trump-woo-north-koreas-kim-jong-un-hold-denuclearisation-talks-again?utm_source=rss_feed Fri, 08 Nov 2024 00:00:14 +0000 If Donald Trump adopts a “hostile” approach toward Beijing in his second term as US president, China has many tools in its toolbox to respond, a former top US official on China policy said this week. Rick Waters, who until last year served in Joe Biden’s administration as US deputy assistant secretary of state for China and Taiwan, said on Wednesday that Beijing is trying to determine how Trump will deal with China in his second term. “What is going to happen in the next weeks will be an effort,... https://www.scmp.com/news/china/diplomacy/article/3285659/if-trump-hostile-toward-china-beijing-has-many-ways-respond-us-analyst-says?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3285659/if-trump-hostile-toward-china-beijing-has-many-ways-respond-us-analyst-says?utm_source=rss_feed Thu, 07 Nov 2024 21:05:05 +0000 President-elect Donald Trump’s decisive victory in Tuesday’s election is likely to have a big impact on US relationships around the world, not least on China. In an election campaign that Trump won on an “America first” agenda that largely focused on domestic issues such as immigration and inflation, foreign relations were largely not part of the conversation. But to the extent they were, the world’s No 2 economy was among the talking points. Specifically his plan to raise tariffs on all goods... https://www.scmp.com/plus/article/3285582/trump-redux-questions-loom-over-china-trade-and-foreign-policy?utm_source=rss_feed https://www.scmp.com/plus/article/3285582/trump-redux-questions-loom-over-china-trade-and-foreign-policy?utm_source=rss_feed Thu, 07 Nov 2024 09:00:54 +0000 Japanese Prime Minister Shigeru Ishiba quickly extended his congratulations to Donald Trump on Wednesday evening, shortly after it became clear the Republican Party’s nominee was victorious in the US presidential election, expressing hope the incoming administration would enhance the bilateral relationship “to new heights.” The Japanese government is arranging a meeting between Ishiba and Trump to emphasise the importance of the trans-Pacific relationship, similar to then Prime Minister Shinzo... https://www.scmp.com/week-asia/politics/article/3285587/japan-braces-trumps-return-fears-trade-war-and-military-pressure-we-just-do-not-know?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3285587/japan-braces-trumps-return-fears-trade-war-and-military-pressure-we-just-do-not-know?utm_source=rss_feed Thu, 07 Nov 2024 08:11:03 +0000 Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification The long-anticipated presidential election in the US has finally concluded and, as I feared, Donald Trump has returned to power. The United States, under the guise of policing the world, has... https://www.scmp.com/opinion/letters/article/3285525/trumps-win-brings-home-why-global-south-must-forge-own-path?utm_source=rss_feed https://www.scmp.com/opinion/letters/article/3285525/trumps-win-brings-home-why-global-south-must-forge-own-path?utm_source=rss_feed Thu, 07 Nov 2024 06:30:09 +0000 With Vice-President Kamala Harris’s defeat in the US elections, Indian media are turning their attention to another woman of South Asian descent who’s gaining prominence in American politics. Usha Chilukuri Vance is the wife of J.D. Vance, running mate of Donald Trump, who won a second term in Tuesday’s US presidential election. She is the daughter of Indian immigrants from the southern state of Andhra Pradesh, where local media said villagers had been praying for her husband’s victory this... https://www.scmp.com/news/asia/south-asia/article/3285551/indians-toast-usha-vance-after-kamala-harris-concedes-us-election-trump?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3285551/indians-toast-usha-vance-after-kamala-harris-concedes-us-election-trump?utm_source=rss_feed Thu, 07 Nov 2024 05:26:50 +0000 India is expected to bear less of the brunt of looming import tariffs under a second Trump presidency in the United States because of its regional strategic significance to Washington, but New Delhi’s diplomatic balancing act with the West and other powers such as China may be sorely tested. Trump, who initiated a trade war with China in his first term, has vowed to impose a 10 per cent tariff on imports from all countries, and 60 per cent duties on imports from China, with the results likely to... https://www.scmp.com/week-asia/politics/article/3285478/what-trump-20-means-indias-trade-us-china-west-balancing-act?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3285478/what-trump-20-means-indias-trade-us-china-west-balancing-act?utm_source=rss_feed Thu, 07 Nov 2024 05:00:09 +0000 China’s export growth hit a 27-month high in October, as exporters rushed to front-load orders in anticipation of potential heavy tariffs to be imposed by president-elect Donald Trump after his return to the White House. But analysts said China is more experienced and equipped for a new trade war, despite potentially facing broader and higher tariff barriers, and the latest strong surge in exports may help the world’s second-largest economy to hit its annual economic growth target. Exports rose... https://www.scmp.com/economy/economic-indicators/article/3285529/chinas-exports-rose-127-october-fastest-growth-july-2022?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3285529/chinas-exports-rose-127-october-fastest-growth-july-2022?utm_source=rss_feed Thu, 07 Nov 2024 03:32:48 +0000 Demand for gold will continue to rise following Donald Trump’s victory in Tuesday’s US presidential election, which will increase trade tensions and uncertainties for the US dollar and US dollar-denominated assets, analysts said, predicting that gold prices will hit fresh highs despite a recent fall. According to GF Securities, so-called “Trump deals” since the start of October took many expectations into account, leading to a strong US dollar, rising gold prices, falling oil prices, falling... https://www.scmp.com/economy/china-economy/article/3285513/will-gold-gain-lustre-wake-trumps-election-win?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3285513/will-gold-gain-lustre-wake-trumps-election-win?utm_source=rss_feed Thu, 07 Nov 2024 01:42:38 +0000