KUALA LUMPUR: Mixed doubles shuttlers Chen Tang Jie-Toh Ee Wei were in fiery form as they joined fellow Malaysians Goh Soon Huat-Shevon Lai Jemie in the last four of the home Open.
Despite campaigning on a vow to impose 60 per cent tariffs on all Chinese imports, US president-elect Donald Trump will probably seek an average of 20 per cent tariffs on most of those, the chief economist of Goldman Sachs said on Thursday.
But Hatzius predicted “a modestly benign outcome, with increases in US tariff rates on China averaging about 20 percentage points – as much as 60 percentage points in some areas, but not 60 percentage points across the board”.
Last month, for the first time, China explicitly targeted the US with a ban of critical mineral exports that are crucial to the manufacture of semiconductors, including gallium, germanium and antimony. China is also the second-largest holder of US bonds behind Japan, and has been steadily selling off some of its US$760 billion in holdings to reduce dependence on US dollars.
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