TikTok got an apparent reprieve from being forced to shut down, but Americans on Jan 20 were still using and downloading Xiaohongshu, the Chinese social media app that surged in popularity last week in anticipation of TikTok’s closure.
WASHINGTON: President-elect Donald Trump is not expected to unveil China -specific tariffs on his first day in office, as the incoming administration has pivoted toward starting his second term with potential engagement with Beijing rather than another trade war.
The decision not to immediately target Beijing on Monday reflects a shift by the incoming president into a negotiating mode and an eagerness to cut another deal with Chinese President Xi Jinping, one of the people said. During his first term, Trump negotiated a"phase one” trade deal with Beijing that ended years of tit-for-tat tariffs, but few of China’s promised purchases of US goods materialised. Trump’s swearing-in ceremony is set for about midday in Washington.
The people cautioned, though, that Trump often quickly changes his mind on strategy and could decide again to push forward with his original plans to target China.The Wall Street Journal earlier Monday reported that the new administration plans to issue a memorandum asking federal agencies to study existing policies and trade ties with China, Canada and Mexico - but stops short of calling now for new tariffs on the three biggest US trading partners.
That suggests a more deliberative approach than the fiery rhetoric about tariffs Trump offered during his election campaign last year, the paper said. - BloombergPhilippine finance chief sees slower rate cuts on global risks
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Plans to Unleash Crypto-Friendly Executive Orders on Day OneIncoming president Donald Trump plans to significantly impact the cryptocurrency industry with a series of executive orders aimed at reducing regulatory burdens and promoting digital asset adoption. These orders are expected to include the formation of a crypto advisory council, the reversal of the SEC's 'SAB 121' accounting guidance, and the termination of 'Operation Choke Point 2.0'.
Read more »
Artist Fahmi Reza Remanded for One Day Over CaricatureArtist Fahmi Reza has been remanded for one day in connection with an investigation into a caricature he created. He will be investigated under the Sedition Act, Penal Code, and Communications and Multimedia Act.
Read more »
Indonesian President Prabowo Subianto Arrives in Malaysia for One-Day Working VisitIndonesian President Prabowo Subianto makes his first visit to Malaysia since assuming office, meeting with Prime Minister Anwar Ibrahim to discuss bilateral cooperation and regional challenges.
Read more »
HOKA One One's Bondi 9: A Max Cushioned Future for RunningHOKA One One launches its Bondi 9 shoe, celebrating a decade-long shift away from minimalist running footwear. The Bondi 9, featuring Supercritical EVA foam and a max cushion design, epitomizes HOKA's contrarian approach to the industry. The brand also reveals ambitious expansion plans in Malaysia, aiming to build a strong running community through retail experiences and organized running groups.
Read more »
‘Without freedom, Taiwan is not Taiwan’: TV drama ‘Zero Day’ explores China invasion fears (VIDEO)TAIPEI, Dec 23 — A Chinese war plane goes missing near Taiwan. China sends swarms of military boats and planes for a blockade as Taiwan goes on a war footing. Panic ensues on the...
Read more »
Tesla Cybertruck Explodes Outside Trump Hotel in Las Vegas, Killing OneA Tesla Cybertruck caught fire and exploded outside the Trump Hotel in Las Vegas on Wednesday, resulting in one fatality and at least seven injuries. The FBI is investigating the incident, alongside the Las Vegas Metropolitan Police Department. Initial reports suggest the explosion was caused by fireworks or a bomb, according to Tesla CEO Elon Musk, who stated the vehicle itself was not involved.
Read more »