How long until America Inc revolts on Trump? – Asia Times

I don’t think Donald Trump is a quietly Russian factory that the Kremlin hired to sabotage the United States ‘ economy and influence. But incredibly, Trump’s activities are often identical from what he might do if he&nbsp, were&nbsp, a foreign agent bent on death. This review some of his most recent moves.

First, there is yet another round of tariffs, this one for the automobile industry. This time Trump is putting&nbsp, 25 % tariffs on imported cars and car parts. These taxes will disrupt the whole US auto supply chain ( the Cato Institute has &nbsp, a great explanation on how this works, if you’re curious ), because many US vehicles use foreign elements and US-made pieces are frequently assembled into full vehicles across the borders.

Prices will increase for US producers, and prices will increase for American consumers. Consistently, American automakers saw big drops in their inventory prices:

Many of Trump’s supporters, of course, think that the suffering is only temporary, that US automakers will invest more in America and finally reap the benefits of the absence of foreign competition after a adjustment.

However, stock prices are prospective because when GM and Ford experience decline, it indicates that investors anticipate that their stocks will suffer no only temporarily but also over the long run. In other words, investors are not buying the” short-term pain for long-term gain” thesis.

The supply ring may be affected by the engine taxes, which will have repercussions everywhere. The cost of automobile plan will likely increase as well. And inland industries that provide the car industry, such as British steelmakers, &nbsp, may be hurt as well:

More than 600 Iron Range workers will lose their jobs as two Minnesota operations are temporarily shut down by Cleveland-Cliffs… [N] gross taxes on imported goods from Canada, Mexico, and China are wreaking havoc in the British car market.

Trump’s taxes are harming all of the sectors that were intended to be protected.

The oil market — a long-time citadel of Republican help — may get hurt because well, because of the increased cost of cutting equipment. Tracy Alloway, from Bloomberg, is quoted as follows:

[ W]e’ve got to talk about the most recent energy survey from the Dallas Fed, whose turf covers a lot of the US oil patch. It’s definitely worth reading&nbsp, the whole thing&nbsp, but to sum it up, it’s full of private power executives complaining about how the novel Trump administration is creating enormous uncertainty for their business viz the back-and-forth on tariffs.

Oil rig counts are flat; “drill, baby, drill” is a distant memory.

Trump and his supporters simply have no idea how the industries that surround them, such as manufacturing, mining, drilling, and other ones, actually function. It’s all&nbsp, theory, no actual knowledge. Trump himself doesn’t even notice or care when reality doesn’t cooperate; instead, he simply lets the American people suffer as a result of his theory‘s failures.

Even Trump’s inner circle is beginning to feel irrational, with the exception of Peter Navarro, his economic guru. Here ‘s&nbsp, some reporting by Politico:

Even those closest to Trump have privately stated that they are unsure what the boss will do just days after his announcement of global tariffs on April 2 and have been granted anonymity because…

The issue Trump’s own advisers and Hill Republicans have is that the president doesn’t share their concern.Trump actually supports the protectionist policies being promoted by aides like Navarro, the long-term trade adviser, who Republicans almost universally despise. The president also believes that his tariffs are popular with voters…

One of the people close to Trump’s inner circle of advisers said,” The president isn’t looking at it like they are.” For him, if the economy is weak, then fine, the economy is weak because the president truly believes that it will rebound and that the nations will give in because they can’t withstand the pressure from the U.S. S”.

No 1, the president is not running for reelection, this person continued,” so where this may have been a political concern in his first term, it is no longer a political concern.” … And no 2, we’re likely to lose the House in the midterms.

The auto tariff move — which comes in advance of another huge wave of tariffs that’s expected to be&nbsp, announced on April 2&nbsp, — will only add to a growing attitude of economic pessimism. Following the announcement, the overall stock market&nbsp decreased. Sentiment is falling both among the wealthy and the poor:

Source: Heather Long

Crucially, this isn’t just “vibes”; Americans ‘ expectations for their own financial situation are now, close to the lows of 2022, when post-pandemic inflation was causing real incomes to decline:

Source: Heather Long

It’s not just that people expect tariffs to put them out of a job or put pressure on their wages. They also believe that, despite the decline of aggregate demand, the tariffs will lead to higher inflation. 5-year inflation expectations are rising, and survey-based expectations are rising:

And expectations might just be following reality here. The most recent inflation figures  appear to be quite alarming:

And here’s a table with a number of different inflation indicators, all of which increased by more than 3 % when taken only over the course of the first few months since Trump’s election:

Source: &nbsp, Jason Furman

What is Trump’s strategy for this? According to the Politico article, he basically has no plans to run for president because he is not running for president and his wacky theory and Peter Navarro, his one trusted economic advisor, are telling him that the long-term effects will be positive.

That’s one possibility. Another is that he will turn to the playbook that quasi-authoritarian leaders typically employ when threatened by inflation: price controls. It appeared that Biden might attempt to use price controls to stifle inflation on the&nbsp during the Biden administration, according to the advice of the Warrrenite progressives. But to his credit, he never did. Trump is currently making the same noises:

Trump warned the CEOs of some of the nation’s top automakers early this month that they better not raise car prices because of tariffs. Some of the executives were left rattled and worried that they would be punished if they raised prices, according to people with knowledge of the call.

Trump’s “warnings” and commands carry a lot more weight than Biden’s, because Trump is a lot more willing to use executive power to&nbsp, punish individual companies&nbsp, he doesn’t like. Real price controls would put the nation in danger of a catastrophic downward spiral of inflation, hoarding, “anti-hoarding,” and shortages.

All of this is, of course, set against a world of crass moves on a global scale. Trump continues to&nbsp, threaten to invade and conquer Greenland, with JD Vance&nbsp, especially pressing for this move. This additional piece of evidence should come as a disappointment to those who are still desperately looking for alternatives to the Mad King theory.

The country’s business community is beginning to realize that the country has elected a Mad King, despite Trump’s apparatchiks still bellowing&nbsp, that his tariffs will reindustrialize America.

They expected a replay of the laissez-faire policies of Trump’s first term — a lot of bombastic rhetoric but few real policy changes and a lot of small, quiet deregulatory moves. Instead, they received a completely different Trump this time, one who is determined to undermine the American economy in the name of ideology.

People on the Tech Right are starting to realize something similar. Here’s my friend&nbsp, Brian Chau, who is more frank and honest than most:

The American business community hasn’t yet experienced a&nbsp, preference cascade&nbsp. Anyone who speaks out against Trump is probably preventing them from sticking their neck out because of his willingness to target and punish wealthy individuals or individuals who criticize him.

And the memory of the Biden administration’s anti-business rhetoric, and the continued&nbsp, anti-business rhetoric&nbsp, emanating from both the Warrenite and Bernie wings of the Democrats, are probably still a deterrent as well.

It will take some time before the business world will turn to the Democrats when things start to get bad. What other options will businesses have if the Mad King’s madness continues to grow and things continue to get worse?

In any case, center-left Democrats who care about winning elections should be working feverishly to welcome businesses ( and rich people ) into their big tent. I hope that the recent embrace of Abundance liberalism marks the start of the era of the class-war effort.

The more quickly that change takes place, the more stable the environment will be for America. Hopefully, the damage to US prosperity can still be limited. Trump needs to be abandoned by business, and Democrats need to make more than one move to break up the coalition. However, it’s a crucial component of the puzzle.

This article was first published on Noah Smith’s Noahpinion&nbsp, Substack and is republished with kind permission. Subscriber or subscriber can sign up for Noahopinion.com.

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Monkey leaders: the face of populist politics today – Asia Times

A joker doesn’t get a ruler when he moves into a castle. The carnival transforms the house.

a teutonic aphorism

Pay attention to the characteristics and manner of the debates within a nation if you want to know the way and future of it. This includes how much of the discussion is covered, the participants ‘ education levels, and whether they engage in fact-based explanations or concentrate on making amusing, surface-level arguments to get over the audience.

When political and social frontrunners don’t give serious or complicated issues the attention they deserve, it indicates a troubled status for the country’s politics.

Politics entered the political area with the notion that every person could make better decisions after taking them into consideration.

the authority and democracy’s state

People in power and the way they issue significant problems on national television frequently feel more like an entertainment present in today’s world. A clear illustration of this was next month when two globe officials engaged in heated exchanges like youth during a live press conference. The US national office appeared to be a circus during one of history’s most surprising social moments. The method political standards were taken shocked the world.

How can we understand international diplomacy when the president of the United States makes a crude comment about another leader’s attire? Trump made the explicit observation,” He’s all dressed up,” when he addressed him at the wall. A reporter then sarcastically questioned the visitor’s choice of attire, asking,” Why don’t you wear a suit?”

Yet in personal settings, diplomatic relations frequently require leaders to uphold professionalism, respect, and a certain degree of decorum, but this all appeared to be carefully planned and purposeful. The state of politics was immediately apparent from the start. It wasn’t intelligent or serious, evoking the conversation you’d expect from a political number who lacks the sophistication to lead. It’s about subtlety, no harsh power, in politics.

The mob boss said,” I have the strength, the accounts, I make the rules, and you can’t speak,” in the discussion. Is this the proper diplomatic communication strategy for a leader?

You won’t find any photos of brutal tyrants like Hitler, Stalin, and Mao making fun of or denigrating different heads of state in people.

Political politics and the increase of the computer,

Unfortunately, in the twenty-first century, people believe they are so knowledgeable that they don’t need professional opinions to make decisions. The issue is that the candidates ‘ officials are more like singers, which is happening all over the world.

When the internet was created, it was intended to be a knowledge resource that gave people exposure to all kinds of data. It was anticipated to promote democratic politicians, increase transparency in democracy, and hold leaders to account. Alternatively, it has evolved into a system for amusement, with memes, reels, distractions, and videos that keep viewers entertained while they watch trivial things.

While people consume content creators ‘ meaningless material as part of their “digital cultural life,” content creators churn out irrelevant content on the internet simply to make money. Time spent on senseless entertainment has surpassed all other behaviors. In a world where pleasure is the norm, serious discussions are confined to baby talk or chatter. It should come as no surprise that perhaps our choice of officials is influenced by that same thin focus.

Political politics promotes entertainers&nbsp,

The most well-known figures in any nation are usually entertainers, whether they are athletes or actors. Politics transforms into a musical performance when electors start viewing politics as pleasure. And the most interesting people frequently ends up leading the nation when democracy turns into a show.

This is the reason why nationalist officials like Trump, Meloni, and Modi are receiving such a lot of help. A fan-base society developed. These leaders are aware that they can’t make strong choices, policies, or academic degree in front of people. Instead of making eye-catching sunglasses for television, they make them.

Populist ideology transforms politics from one in which people are merely observers. This causes society to shift away from natural debates to entertainment-driven conversations.

In countries like India, disputes now tend to be focused more on scene than material, and questioning the status quo frequently leads to being called an enemy of the state. In the US, disputes are dominated by sounds more than meaningful conversation.

Unfortunately, today’s citizens often choose officials based on their level of confidence in themselves rather than their actual activities. Politics has grown to the point of display. The goal of politics when it turns into show business is to look as though you do, never excellence, clarity, and honesty. The allure of the visuals outweighs the compound.

The Trump-Zelensky epic serves as an excellent illustration. These frontrunners are what we might call animal leaders, more focused on delivering actual modify than on the scene. Let’s use a story to illustrate for frontrunners:

The emergence of animal leaders

A wise lion once ruled the Ore forest, which was renowned for its justice and integrity. When a group of primates arrived, they were permitted to remain. Their figures increased over time. As the number of monkeys increased, they persuaded the people to choose a new monkey prince, ousting the lion.

A lambkin went missing in the woods one morning, raising concerns. In the hope that the new king of the forest had solve their conflict, the lamb tribe emailed the king. The energetic chimp prince jumped from tree to tree for an hour without locating the lambkin. When questioned about it, he responded,” I’m never sure when the lambkin did return, but you can see that I have put all my efforts into it.”

This incident echoes what is happening right now as nationalist leaders rise. These officials make strong claims and demonstrate motion, but nothing significant actually changes.

Prime Minister Modi of India recently stated on a global radio that he believes criticism is a fundamental component of democracy. A actor gave a fact test a few days later. He made a dozen jokes about Modi and his supporters. In response, Modi’s followers stormed the comedy team and threatened him.

Authoritarian or nationalist governments frequently have leaders who stifle opposition, and figures like Trump, Meloni, and Modi show this in their appearance-based leadership styles. They place a higher emphasis on making a scene and a positive picture than on producing anything tangible.

If we started choosing officials who have experience, expertise, and sensible policies rather than those who focus on looks and popularity, the earth would be a better position. Officials are frequently valued in media by their popularity, not their effects. Leadership should not be measured by common opinion, but rather by how well it affects regular people.

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Trump’s tariffs won’t save Musk from China’s BYD – Asia Times

No one wins in a trade war, as economists have insisted for decades. Yet Elon Musk sure does seem to be blowing this maxim to smithereens.

In January 2024, the Tesla billionaire warned that America’s electric vehicle industry had no chance of beating China’s without massive tariffs. Fast forward 14 months and Musk finds himself in the winner’s circle as Trump hits the global car industry with 25% tariffs.

As Musk told shareholders back then: “Our observation is generally that Chinese car companies are the most competitive car companies in the world. If there are no trade barriers established, they will pretty much demolish most other car companies in the world,” he continued.

Though China has many EV success stories, Musk clearly had BYD in his sights. At the end of 2024, just as Trump was gearing up for another stint in the White House, China’s EV juggernaut leapfrogged Tesla on revenue as BYD sales topped the US$100 billion mark.

BYD, backed in its early days by Warren Buffet, did so by wooing customers with a savvy high-tech fleet of EVs and hybrid vehicles, leaving Japan Inc in the dust.

Case in point: BYD’s recent disclosure of a new charging system, powered by an enviable ecosystem, giving drivers 400 kilometers of range in five minutes.

Commenting on BYD’s 100% stock surge over the last 12 months, Michael Dunne, CEO of Dunne Insights, credits BYD with “achieving the most explosive growth we’ve seen in the auto business in a hundred years” while noting that “this thing has been on fire.”

Yet Trump’s auto tariffs have Musk getting some of his best headlines in years. Musk’s EV giant has enormous factories in Texas and California that produce all the cars it moves in the US market.

This mostly protects Tesla from Trump’s new taxes on autos and parts. By very sharp contrast, carmakers from Germany’s Volkswagen AG to South Korea’s Hyundai Motor to US giant General Motors are all in the collateral damage zone.

Goldman Sachs analyst Mark Delaney thinks Trump just upped the price of imported cars by between $5,000 and $15,000. Thanks to supply-chain arrangements, the cost of locally manufactured automobiles could surge by as much as $8,000.

This “hurricane-like headwind,” as analysts at Wedbush Securities describe it, is compounded by Trump choosing 25% rather than, say 20% or 30%. The levy Trump settled on, they argue, is “almost an untenable head-scratching number for the US consumer.”

To be sure, says Wedbush analyst Daniel Ives, “we continue to believe this is some form of negotiation and these tariffs could change.” But for now, he added, the industry is in quite a whirl.

Tesla, says Garrett Nelson, analyst at CFRA Research, is the “least exposed” auto giant. Musk’s company, it’s worth noting, is already touting itself as making the “most American-made cars.”

TD Cowen’s Itay Michaeli agrees that Tesla is a “relative winner” in the tariff wars. “Tesla a relative beneficiary given 100% US production footprint, substantial US sourcing and with Model Y competing in a midsize crossover segment where close to 50% of vehicles could be subject to tariffs,” Michaeli says.

Analysts at Deutsche Bank, note that “Tesla and Ford appear to be the most shielded [from tariff impacts] given location of vehicle assembly facilities although Ford does face incremental exposure on imported engines. GM has the most exposure to Mexico.”

Nor is Tokyo happy. Toyota Motor, the globe’s biggest automaker, exports roughly half the vehicles it sells to the US market. This is despite Toyota running sprawling factories in Indiana, Kentucky, Mississippi and Texas and large engine plants in Alabama and West Virginia.

It’s also despite Japan’s 100% compliance with the free-trade agreement Trump 1.0 negotiated with former Japanese leader Shinzo Abe.

One question is the impact on US consumer sentiment. Even if one can argue, as Trump World does, that these tariffs will boost investment in US manufacturing that increase auto-industry efficiency, the disorientation factor could matter more.

“For consumers navigating higher prices in the short term, the promise of future gains may feel distant – at least for now,” says Jessica Caldwell, head of insights at advisory Edmunds.

Then, there are the retaliation risks. As Robert Habeck, Germany’s economic affairs minister, warned Thursday (March 27): “It needs to be clear that we will not take this lying down.” 

European Commission President Ursula von der Leyen called Trump’s tariff escalation “bad for businesses, worse for consumers.”

The stories analysts like to tell about the global car industry are rarely straightforward. Musk, for example, didn’t found Telsa – he bought the company from Martin Eberhard and Marc Tarpenning.

Nor is it clear Tesla would’ve survived without a ginormous $465 million federal loan from US President Barack Obama’s administration.

Would BYD, meantime, be where it is today without the role German design veteran Wolfgang Egger, an Alfa Romeo veteran, played in helping to create the brand? Or the role Buffett’s Berkshire Hathaway played as an early marquee-caliber cash infuser and the “halo effect” it imparted?

Then there’s China’s own efforts to keep global auto companies at bay.

“It is no secret that President Donald Trump loves tariffs,” Dunne of Dunne Insights explains. Trump, Dunne notes, says “I’m the Tariff Man” and “with zero trace of inhibition.”

But “what’s less well known,” Dunne says, “is that China embraces tariffs in a big way, too. And China’s love affair with tariffs – quiet, almost clandestine – has been going on for decades. A tall, imposing brick wall of taxes on imports, blended with targeted industrial investments, have played a pivotal role in China’s rise as a manufacturing powerhouse.

How powerful? In 2024 alone, China ran a one trillion-dollar trade surplus with the world.”

When Dunne started his first company in Beijing in 1990, “China was an automotive weakling. Annual production was less than 500,000 cars; thin wood shavings compared to more than 13.5 million that Japan produced.”

To “gain industrial traction,” he adds, “regulators in Beijing slammed the door shut on imports. They set tariffs at 100%. They also strictly limited the number of import licenses granted each year. It was a double layer of protection – non-tariff barriers on top of tariffs.”

Ultimately, “China’s message to global automakers was crystal clear,” Dunne notes. “If you want to sell cars in China, you will need to manufacture them inside China. And to secure an approval to manufacture inside China you must first marry up with a Chinese partner. And, by the way, the Chinese partner will own no less than 50% of the joint venture.”

In 2024, China produced 31 million vehicles, three times more than the US, where the automobile was invented. Beijing’s tariff and non-tariff barrier matrix largely remains intact. In the 35 years that China spent becoming an auto manufacturing superpower, Dunne notes, “China never permitted car imports to exceed 6% of the total market.”

Even so, Trump’s tariffs are testing the global economy’s shock absorbers as rarely before. And they’re causing Musk’s EV company some serious agita. Tesla is facing backlashes around the globe over Musk’s outsized and controversial role in the Trump White House.

In February alone, Tesla registrations in European Union countries fell 47%. Trump’s Attorney General Pam Bondi went so far as to call acts of arson of Tesla cars and showrooms “domestic terrorism.”

Analysts at William Blair & Co write that “pushback from Musk’s foray into politics” has led to “brand damage and even vandalism,” for Tesla at a time when the company’s supply has been impacted by its pivot to the Model Y and “Chinese competition continues to heat up.”

This latter point is worth remembering, though. The surge in BYD’s stock relative to Tesla’s 40%-plus plunge since mid-December is a reminder that the China EV threat isn’t a passing one.

The irony is that BYD is arguably the hottest car company in the world and yet consumers still can’t buy one in the US. Former US President Joe Biden, for example, slapped 100% taxes on Chinese EVs.

Yet Musk’s problem is no longer just the Buffett favorite BYD. It’s an entire fleet of EV upstarts clogging the commercial roads in Asia’s biggest economy. And increasingly, Global South nations where lower-cost Chinese EVs are thriving.

The shares of mainland EV startup Xpeng jumped 85% since the start of the year. Nio and automotive conglomerate Geely — which runs EV startup Zeekr and others — are seeing double-digit share price gains, too.

It doesn’t mean the rallies will continue, but it does mean that the future isn’t necessarily Tesla’s to lose. No matter how close Musk sits to Trump’s Oval Office.

Follow William Pesek on X at @WilliamPesek

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Trump tariffs: Can Vietnam golf its way out of new US import taxes?

twenty-one days ago
Annabelle Liang

Company analyst

Getty Images US President Donald Trump plays golf during the Official Pro-Am Tournament ahead of the LIV Golf Invitational Series event at Trump National Golf Club Bedminster in Bedminster, New Jersey, on 10 August, 2023. He is wearing a red Make America Great Again cap and white polo shirt with the seal of the US President on the left hand side of his chest. There is a white glove on his left hand.Getty Images

Places all over the world are prepared for Donald Trump’s infamous” Liberation Day in America!!”! second year.

The US president’s deadline to impose reciprocal tariffs on trading partners will come just days after he hit foreign carmakers with 25% import taxes.

Vietnam might be especially vulnerable to Trump’s most recent taxes. It has a significant trade deficit with the US, and it has been a result of Chinese companies moving companies away from China to avoid legal action that was announced during his first term in office.

Pham Minh Chinh, Vietnam’s excellent minister, has suggested that he may view things diplomatically while some nations have retaliated against Washington.

He stated in January that he would go to Trump’s Mar-a-Lago house in Florida and play golf” all day long” if it “benefits” his land, and that he would be willing to do so. There was laughter in the room.

Would that be effective?

” Bang” finance

Trump has recently stated that Vietnam was “almost the worst offender of anyone” and that it was “worse than China.”

Despite having the third-largest trade deficit with the US, after China and Mexico, he has not yet precisely targeted Vietnam with taxes.

Experts claim that Vietnam is doing well in its negotiations with Washington, but its efforts may not be sufficient to prevent most of Trump’s price plans.

Former US business negotiator Stephen Olson said,” The Vietnam PM seems to be taking a page from the book of former Japanese prime minister Shinzo Abe, who built a close personal relationship with Trump over their shared passion of golf.

” I do not, however, anticipate any specific care of Vietnam from a policy perspective. Trump values personal relationships, but in this situation, I believe his desire to appear harsh on business will get out.

Vietnam has stated that it doesn’t intend to “restrict industry” with the US, despite now imposing import taxes it.

The government announced this week that it does help SpaceX, which is owned by close Trump ally Elon Musk, to run its Starlink satellite internet services in the nation on a trial basis.

Some researchers believe that this is one of the steps Vietnam has taken to avoid being hit by US taxes.

In a move intended to “improve business balances,” Hanoi also announced it would reduce tariffs on a number of US imports, including cars and energy.

Less than two weeks later, Vietnamese and US companies signed more than$ 4 billion ( £5.4 billion ) in deals in fields like oil and gas exploration.

Vietnam is being careful to avoid any techniques that would indicate any non-cooperation on business problems, according to Steve Norris of the firm Control Risks.

This technique is in line with its “bamboo diplomacy” foreign policy philosophy. Vietnam aspires to be flexible to international pressures, much like the shoots of plants that influence with the weather.

” The government may respond by putting pressure on Vietnam by the US by offering to promote investments in the hospitality and casino industries, purchase advanced machinery, and… capturing the moment… consider access to Vietnam’s unique earth minerals,” Mr. Norris said.

How about China?

Worries about China’s impact are a major obstacle to Vietnam.

During Trump’s first word, Vietnam was one of the biggest recipients of US-China conflicts.

He hit China with levies in 2018, which caused some companies to reevaluate where they put their goods. Some people made the decision to relocate to Vietnam for manufacturing.

This has resulted in a rise in exports from Vietnam to the US, with Chinese businesses that have moved their output it to contribute to that number.

Reuters Several employees work at a shoe factory for export in Hanoi, Vietnam. They are putting laces into grey and black canvas sports shoes that can seen on a long work bench that they are sitting at.Reuters

Wendy Cutler, a former US business communicator, described Vietnam as a “destination for significant Foreign expense.”

China is Vietnam’s largest provider of merchandise, accounting for more than a third of goods, despite the US still being the country’s largest exporter, according to the most recent official data.

In Vietnam, Taiwanese companies accounted for nearly one in every three new purchases in the country last year.

” These are enormous red flags for Trump,” he said. My hope is that Vietnam may eventually experience severe tariff effects,” Mr. Olson said.

But, tariffs on Vietnam may have an effect on US companies like Nike, a sportswear manufacturer, and Apple and Intel, which have moved their production lines from China to Vietnam.

Getty Images US President Donald Trump with the late Japanese Prime Minister Shinzo before playing a round of golf at Mobara Country Club in Chiba, Japan on 16 May 26, 2019. Trump is wearing a red jacket and Abe has on a dark blue blazer and blue polo shirt with white stripes. They are both waving.Getty Images

According to a recent survey conducted by the American Chamber of Commerce in Vietnam, the majority of US companies that anticipate hiring employees if taxes are imposed.

The US president believes that the charges may help the country’s economy because they will encourage more US-based businesses to produce products and collect billions of US dollars in taxes.

However, some economists have warned that it could cause American consumers to see prices go up and hurt global business.

What follows then?

Washington is likewise concerned about so-called” trans-shipments,” which are Chinese products that transit Vietnam while entering different nations.

According to Mr. Norris, US officials have been “quietly stressing to Vietnam that it must lower its trade deficit over time and fight the trans-shipment of Chinese products through the region.”

The Vietnamese government’s leader has expressed confidence that its “handle the connection with the US” is going to be handled.

The South East Asian nation’s recent tariff reductions may make them more appealing to Taiwanese consumers, increasing America’s share of business with the state.

Golf is another option: playing a sport with Trump would have been beneficial to later Chinese president Shinzo Abe.

Abe and Trump form a connection that included numerous golf tournaments over the course of many years. It is argued that the connection aided Abe in obtaining tax exemptions for Japan’s crucial automotive sector at the time.

It’s not clear for the time being whether Vietnam will actually practice sport politics.

The actual exam may be next week, when a new tax law for Trump is set to go into effect.

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Arakan Army holds the key to breaking Myanmar’s junta – Asia Times

What are the most important questions hanging over Myanmar’s civil war may be posed in a moment of sharpening fighting in the dry season: What are the corporate intentions of the Arakan Army, the world’s alleged insurgent kingmaker?

Having secured dominance over its western seaboard homeland of Rakhine state in over a year of bitter combat, the ethnic Rakhine AA is today unique amid a plethora of ethnic minority armies and mostly ethnic Bamar Peoples Defense Forces ( PDFs ) battling the military’s State Administration Council ( SAC ) regime.

It is the only force in the nation that successfully combines the military might, the geographical perspective, and, critically, the strategic autonomy with regard to domestic and international actors to quickly tip Myanmar’s military checkerboard in one way or another.

How this army of an estimated 30, 000 or more battle-hardened forces led by a charismatic 46-year-old Myanmar republican, Twan Mrat Naing, moves in the coming days may shape the future of a national fight that since the February 2021 military revolution has literally torn the country off, forcing well over 3 million from their homes and livelihoods.

Two more important sides

Following a season and a half of unrelenting hostilities that began in Myanmar on November 13, 2023, as part of a broader strategy mounted with its north Kokang andTa’ang rebel allies, the AA has nearly completed its mission of ejecting SAC forces from the totality of Rakhine condition.

However, it continues to work on two geographically distinct fronts, including the state capital of Sittwe and a coastal enclave in the Bay of Bengal that includes Kyaukphyu town, the nearby Danyawady naval base, and a Chinese-built deep-sea port and special economic zone ( SEZ ) at the southern terminal of natural gas and oil pipelines stretching northward.

( A third regime-held township on Manaung island is essentially irrelevant to wider military calculations. )

Screengrab on the map

At the same time, since January this year, the AA and its PDF allies have opened an extended eastern front along and across the Arakan Yoma mountain range that divides Rakhine from Myanmar’s central heartland in Magwe, Bago and Ayeyarwady regions.

In light of this situation, it is unlikely that the AA’s leadership will have the manpower, logistical, or strategic resources to engage in a drawn-out two-front conflict.

Hard military logic dictates that to succeed on either front it will need to prioritize one or other of them. And the choice regarding which, perhaps already made, will have a significant impact on the national battlefield over the course of the year and beyond.

Coastal campaign

A major campaign to seize Sittwe and Kyaukphyu as far as possible before the monsoon rains in May would mean putting a focus on completing the historic mission of liberating the Rakhine state.

Minor forays into the national heartland on the eastern front might, meanwhile, serve to keep the increasingly thin-stretched military off-balance and distracted.

The capture of the state capital would have significant symbolic and political significance for a force that had been inspired and driven by a resurgent Rakhine nationalism since its founding in 2009, as a result of the army’s fall of its western Regional Military Command at Ann in central Rakhine last December.

The seizure of Kyaukphyu would imply control over the taps of offshore natural gas reserves that financially sustain the SAC’s war effort and the southern terminal of pipelines of vital importance to the economy of China’s landlocked southwestern region. &nbsp,

On the other side of the ledger, any attempt to storm either enclave, let alone both, is fraught with risk. Both port towns are protected by substantial garrisons, each with a number of thousand troops, that are reinforced by sea and air, fighting against each other on their backs while receiving terrifying fire support from offshore naval assets and largely unchallenged air power.

The fates of other Rakhine coastal towns during the second half of 2024, notably Ngapali, Maungdaw, and the naval base at Maung Shwe Lay, suggest that AA forces might ultimately prevail.

The human cost would be brutal, with almost certainly casualties rising into the low thousands of killed and up to 10,000 wounded, aside from the drain on finite ammunition stocks at the end of uncertain logistics lines from northern Myanmar.

For an insurgent force that, since late 2023, has been embroiled in 15 months of unremitting combat and already suffered thousands of casualties, the prospect of further heavy losses will be sobering and perhaps prohibitive.

Even if the AA were to win, the AA would end up ruling over cities that had been reduced to rubble and had important economic infrastructures that needed to be rebuilt in ruins.

Eye on the heartland

The pivotal shift in the AA’s center of military gravitation would, according to Twan Mrat Naing and his military advisors, be the Ayeyarwady River Valley and Delta regions, respectively, pushing the country’s industrial and agricultural nerve centers away from the coast to the extended eastern front along the Arakan Yoma.

Tun Myat Naing, commander-in-chief of the Arakan Army (AA), attends a meeting of leaders of Myanmar's ethnic armed groups at the United Wa State Army (UWSA) headquarters in Pansang in Myanmar's northern Shan State, May 6, 2015. Rebel leaders in Myanmar on Wednesday urged the government to amend the military-drafted constitution to give more autonomy to ethnic minorities, a step they said would make it easier to sign a national ceasefire agreement. REUTERS/Stringer - RTX1BTVZ
Twan Mrat Naing, commander-in-chief of the Arakan Army, in a file photo. Twitter photo

Maintaining a minimal level of activity around Sittwe and Kyaukphyu without attempting to storm either town would, meanwhile, serve to tie down army garrisons and discourage any possible counter-offensives into already liberated territory.

An eastern campaign has a lot to recommend it from a strictly military standpoint. Most obviously, the relatively short distances from the watershed of the Arakan Yoma down into the Ayeyarwady River valley means important targets and communication nodes can be reached rapidly.

The eastern front’s 350 kilometers of potential or actual axes of main advance, which complicate regime responses, also benefit from this fact.

Were the AA to infiltrate large raiding columns off-road to sow chaos between and behind regime defensive concentrations, the military could find itself struggling to react in an even more confused and challenging battlespace.

The eastern front, in addition to being geographical, also has the significant benefit of military burden-sharing with allied Chin and Bamar PDFs operating under AA control and control.

Tentative advances since January will already have underscored SAC vulnerabilities on the eastern front. Along the route from Taungup on the Rakhine coast to Padaung on the Ayeyarwady River, under the leadership of AA-led forces, Ngape township on the highway between Ann and Minbu in the Magwe region, as well as further south along the Ayeyarwady River.

On both axes, resistance forces are already threatening logistically vital military-industrial plants run by the army’s Directorate of Defense Industries or Ka Pa Sa in its Burmese acronym.

The small but crucially important municipality of Okeshittpin is immediately in danger in the upcoming days. Situated at the intersection of the east-west Taungup–Padaung road and the main north-south highway along the western bank of the Ayeyarwady, the town sits at the center of a cluster of Ka Pa Sa factories and is less than half an hour’s drive from the river.

Its capture by AA forces who were already moving out of the hills would be a major shock to Naypyidaw.

More widely dispersed probing attacks into the Delta rice basket are similarly moving east, with clashes shifting from a coastal strip where the AA was vulnerable to naval bombardment to a crescent of three inland townships running north-south between Lemyethna, Yegyi and Thabaung.

Army defenses have always relied on air support, which has always seemed to be mostly ineffective.

Redrawing maps

If the military benefits of the still making tentative moves along the eastern front are becoming more apparent, their longer-term political implications are undoubtedly more complicated.

For the AA to throw its weight behind a campaign along multiple axes of advance into the national heartland implies a strategy that goes well beyond liberating Rakhine and staking a claim to full autonomy.

The AA would automatically play a central and even decisive role in shaping the nation’s future given the fragility of the military regime and the geography of Rakhine State. In a word, a “kingmaker”.

This is not a prospect that the AA leadership has ever shied away from, at least rhetorically. In comments to The Irrawaddy online magazine in 2024, Twan Mrat Naing noted pointedly that “on a local scale limiting ourselves to our immediate ambitions without considering the broader context would undermine our success. We must adopt a holistic perspective that considers both the union as a whole and the environment in general.

In framing AA war objectives and the dangers of the future resurgence of a rump military regime, AA spokesman Khaing Tu Kha has been less diplomatic:” Only when the fascist regime is wiped off Myanmar’s map will people be guaranteed safety”.

In remarks made last year to local media, he added:” I would like to stress that we can only secure freedom and safety once the regime is completely overthrown.”

Today, military developments have caught up with and perhaps even overtaken political rhetoric. If the AA’s eastern front’s advances actually gain momentum, their cumulative strategic and political effects are likely to have the same impact on the civil war’s trajectory as the dramatic gains made by the” 1027″ campaign in the north Shan state and northern Mandalay region.

Certainly, the proposition that after having lost Myanmar’s borderlands the SAC could fall back into a defensible “heartland fortress” – always delusional but widely touted since late 2023 – would be finally and unceremoniously buried. Evidence enough would be provided by the shock of Rakhine-led forces severing major western communication channels and encircling the Delta ricebasket. &nbsp,

The purported “fortress” would be split squarely across the middle if those advancements were paralleled by a link-up between the AA and elements of the Karen National Liberation Army (KNLA ) across the central Bago Yoma spine of mountains.

In a file photo, the Seventh Brigade of the Karen National Liberation Army (KNLA ) parades during the 66th Karen Revolution Day celebrations at their headquarters in eastern Kayin, Myanmar. Photo: Asia Times Files / AFP/ KC Ortiz

That link-up north of Yangon is arguably only a few months away as KNLA-led operations in the Sittaung Valley, which connects Yangon and Naypyidaw east of the Bago Yoma, gain momentum.

At the same time, reinforced AA thrusts into the Ayeyarwady valley would undoubtedly galvanize and accelerate anti-SAC resistance across north-central Myanmar with ripple effects spreading from Magwe east into the Anyar dry zone between Naypyidaw and Mandalay.

Sweat on the brow of China

None of these developments will be received as good news in Beijing, where since August 2024, the Chinese government has thrown its support behind the SAC.

Chinese diplomats have struggled to impose ceasefires in northern Myanmar in what may be regarded as a seriously flawed misreading of the national battlefield dynamics in an effort to ensure the regime’s survival as a guarantor, however unlikely, of Myanmar’s border stability, Myanmar’s economic holdings, and the Belt and Road Initiative’s expansive geostrategic ambitions.

Even in the north where Chinese influence is at its most coercive, those efforts have met with pushback. The Myanmar National Democratic Alliance Army ( MNDAA ), which is based in Kokang, agreed to a ceasefire in January, but has continued to object to demands that it should now simply hand it back to the SAC Lashio, the city on China’s main trading route, after a month of bloody fighting.

To date, at least, Beijing’s efforts to broker or enforce a peace between the military and another AA ally, theTa’ang National Liberation Army ( TNLA ), dominant across northwestern townships of Shan state near the Chinese border, have proved entirely fruitless.

The SAC has launched a terror campaign of airstrikes specifically against civilians in towns held by the TNLA and its PDF allies who are directly on the front lines, despite the TNLA’s showing of no inclination to leave Mogok, north of Mandalay, which it captured in July 2024.

Operating some 600 kilometers from the Chinese border and locked in daily clashes with SAC forces, the AA is even less vulnerable to Chinese strong-arm tactics than its northern allies.

Indeed, the fact that hostilities have recently erupted around Kyaukphyu, the jewel in China’s Myanmar crown, where the state-owned CITIC group is building a deep-sea port and SEZ, has only served to underscore the limits of Chinese influence over the AA.

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Why the buzz around investing in China is only getting louder amid US-led trade spats

Growth has recently been a hot topic in the minds of business executives, industry analysts, and investment advisors.

This is in reaction to the government’s decision to impose tariffs of 10 to 25 % on goods from China, Mexico, and Canada. Additionally, it has imposed tariffs on imports of steel and aluminum and pledged to establish mutual tariffs on all US trade partners starting on April 2.

According to Rishi Kapoor, vice president and general investment officer at Bahrain-based other investment company Investcorp, these changes in the US administration have highlighted the benefits of growth.

The value, the benefits of growth, he said to a section at the WEF forum,” This thing that had been shortchanged for a period of time… that’s then up to the fore.”

CHANCES IN CHINA

According to Ziad Chalhoub, chief financial officer of Dubai-based Majid Al Futtaim Holding, a company that owns and operates shopping malls, financial, and resort properties in the Middle East and North Africa, America’s policies are also affecting money flows.

” I believe that emerging markets are going to begin growing back up again, and I believe that will open up a lot of opportunities for businesses around the world, especially in Asia,” he said.

Many people, including James Soutar, a companion at Hong Kong-based Pacat Capital Management, today see potential in China.

Chinese stocks have shown themselves to have a much stronger underlying purchase case than their American counterparts, Soutar told CNA.

He noted that the company has found that Chinese firms outperform their international competitors in terms of percentage, returns on capital, and capital, as well as earnings per share growth, across different sectors.

” In addition, the stocks of those Chinese firms are trading at a considerable pricing discount to world peers,” Soutar noted.

In recent months, the industry has begun to recognize those qualities, but we still think there is still a long way to go.

Given the current political environment, economy players said they are on the lookout for road bumps.

Hu from Primavera Capital Group claimed that China is vulnerable because of its trading business and that tit-for-tat tariffs pose a real threat.

He noted that China also has a sizable local business and a sizable middle-class business.

Domestic demand rises, as evidenced by China’s ability to boost the confidence of the ordinary Chinese consumer and their willingness to invest. Whatever pull brought on by taxes, that will more than make up for it.

He did point out that taxes are terrible, especially if they persist for a long time.

” I hope the two governments ( US and China ) will continue to put the intense emotions aside, come to the table to negotiate, come to a deal, and make sure whatever the tariffs are are temporarily ( and be ) lifted in time for each other’s mutual interests ( and ) the world.”

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NewJeans: K-pop group talk to BBC after setback in court

5 days before
Fan Wang

Reporting fromSingapore
Juna Moon

Reporting fromSeoul

In their first meeting since a judge barred them from leaving their report label, NewJeans have told the BBC that “it took a huge amount of courage to speak out,” in a situation that has shook the K-pop industry.

” This struggle is required.” Although it will be really hard and lengthy, we may keep doing what we have done so far and talk up”, said Haerin, one of the singer’s five people.

We felt it was crucial to share our experiences with the universe. The best decisions we’ve made thus far have been the ones we may have made.

NewJeans looked unstoppable in the figures when they launched what was an unexpected revolution in the high-pressure, tightly-controlled universe of K-pop. With their decision to leave Ador, the brand that brought them to prominence, in November, Hanni, Hyein, Haerin, Danielle, and Minji stunned South Korea and supporters everywhere.

They alleged mistreatment, workplace harassment and an attempt to “undermine their careers”, which Ador denies. It sued to enforce their seven-year contract, which is set to expire in 2029, and sought an injunction against any commercial activities by the group.

On Friday, a South Korean court granted it, ordering NewJeans to stop all “independent” activities, including song releases and advertising deals, while the case was still under way. NewJeans has since challenged the injunction in court.

Friday’s decision was a” shock”, the party told the BBC.

” Some folks believe that we are popular enough to say or do whatever we want.” However, the reality is that it’s not at all that,” Hyein said. ” We held it in for a long time, and only now have we suddenly spoken up about what we think, what we feel and the unfairness we’ve experienced”.

Yujin Choi, BBC Haerin (L) and Danielle (R) talking to the BBC, sitting on white chairs.Yujin Choi, BBC

The K-pop economy has been repeatedly attacked for the stress it places on its celebrities to perform and succeed as well as to seem flawless. But rarely do problems seep into the government, exposing stars ‘ grievances and fissures with their labeling.

Following a lengthy and common dispute with Ador and its parent company, Hybe, South Korea’s largest music label, whose clientele includes K-pop icons like Song and Seventeen, NewJeans ‘ dramatic statement last year came after a long and heated row.

According to Ador, “most of their claims have resulted from miscommunications,” Ador told the BBC in a speech that the agreement with NewJeans is still in place. The judge said that NewJeans did not” properly show” that Ador had violated the agreement, adding that the brand had upheld “most of its responsibilities, including payment”.

When the announcement of the decision came to an end, the girls were practicing for a achievement in Hong Kong. They learned the answer when Minji received a anxious communication from her mother asking,” She asked, are you okay?” And I was like ‘ what happened?'”

Minji describes her as stunned. When she told them, she was the same as the people. ” At first I thought I didn’t speak her properly”, Danielle says. ” We were all a little shocked,” he said.

Their subsequent interview with the BBC came after their first two in as many months. In the first meeting, which happened before the decision, the group had been excited to launch their new one, Pit Quit- their first since they announced their break from Ador and renamed themselves NJZ.

They described how they handled a challenging time, including finding solace in eating. Minji had said,” I’m not really good at it, but it’s kind of healing,” before promising to prepare an “amazing dinner” for the group.

Yujin Choi, BBC The five members of NewJeans smile at the camera while seated in a row on a sofa Yujin Choi, BBC

In the second interview, which was 24 hours after the judgement, they seemed disheartened and unsettled, less confident of what was to occur. ” We might have chosen to go through this, but sometimes we would have chosen…” Hanni teared up as she ran away.

She continued,” We’ll just have to leave it to day, even if we do everything we can,” adding that even if things don’t turn out the way we hope they will. I’m convinced time would find it out for us”.

The following night, they took to the stage in Hong Kong and, despite the court order, performed Pit Stop under their new name. But the evening, which they had pitched to fans as a fresh start, ended in tears as they told the crowd they were going on a hiatus.

” It wasn’t any easy decision to make”, Hyein said on stage, as each of them took turns to address their fans. However, for us, it’s about protecting ourselves right now so that we may arrive back stronger.

The young actors ‘ prospect, which ranges from 16 to 20 years old, is now in doubt.

But they tell the BBC that this is not the end of the road for them as they “find more way” ahead. Minji claims that this gives them time to prepare what they want to do because the legal fight is anticipated to last for weeks, if not years.

Getty Images The five members of NewJeans dance on the stage at an award ceremony in March 2024. They are in identical checkerd outfits, featuring tops with a skirt,. Some of them are wearng jackets. Getty Images

Always since they debuted in July 2022, NewJeans have delivered impressive success with each fresh release- Wow, Ditto, Super Shy, Attention. They were the seventh biggest-selling action in the world a year later.

Their exceptionally lively fusion of 1990s R&amp, B and sugar-coated music melodies broke through a K-pop industry dominated by technological beats, according to critics, who called them a “game-changer.” And their breezy dance moves stood out among super-synchronised videos.

They were still on the rise when Min Hee-jin, their long-time mentor and Ador’s former boss, began trading accusations publicly with Hybe. Min had launched Ador and NewJeans, before she sold Hybe a majority stake in the agency.

Hybe was now accusing her of plotting Ador’s takeover and Min, in an emotional press conference, accused them of undermining NewJeans by launching another girl group with a similar style. Min left the company, alleging she was forced to leave.

That’s when NewJeans broke their silence – they demanded Min’s return in two weeks in a livestream.

They were not able to contact her for a while, Danielle told the BBC in the first interview:” We didn’t know what was happening and we didn’t have a way to support her. That itself was difficult because she was always there for us and, in some ways, a role model for us.

Getty Images Haerin, Danielle, Minji, Hanni and Hyein at November's press conference where they annnounced that they had unilaterally terminated their contracts with AdorGetty Images

Ador had said Min could not return as CEO, but could continue as an internal director and NewJeans’ producer. When Min didn’t return, NewJeans announced that they were leaving Ador and accused the label of not meeting other demands: an apology for alleged bullying and actions against what they claimed were controversial internal reports.

Ador, which denies all of these claims, gives the impression that Min is to blame for their dispute with NewJeans. The former label’s management’s failure to provide distorted explanations to their artists, which causes miscommunications, is at the heart of this problem. They can be fully addressed and resolved upon the members ‘ return to the label”, Ador told the BBC in a statement.

In the months since, Hanni, a Vietnamese-Australian, testified in tears to South Korean lawmakers in an inquiry into workplace harassment. “I came to the realisation that this wasn’t just a feeling. I was honestly convinced that the company hated us,” she told them, after describing several incidents where she said the group felt undermined and bullied.

NewJeans’ case was dismissed because the labour ministry said K-pop stars did not qualify as workers and were not entitled to the same rights.

Then in December, NewJeans took a special step further by supporting supporters of Yoon Suk Yeol, South Korea’s disgraced president, who had briefly imposed martial law. The organization provided free food and beverages to the people who showed up at the massive protest rallies.

With each round of publicity, there was also criticism, much of it involving their age. Some called them” stupid and reckless,” and some even called them “ungrateful” for choosing to fight with Ador, while others called them” cross the line.” Others questioned whether they were making their own decisions.

Being young doesn’t mean they should be taken less seriously, the group says. Hanni points out that it’s simple to devalue the fact that we are actually trying to do something. The decisions we’ve made over the past year have been made through a lot of discussion between us.

Getty Images NewJeans members attend the first court hearing the lawsuit by Ador at Seoul Central District Court on March 7, 2025- they are standing in a row dressed in black as they answer questions from the media. Getty Images

As the dispute has dragged on, the critics have got louder, dubbing the girls as troublemakers rather than game-changers. NewJeans claim they have been “very aware of the intense scrutiny and judgment” ever since holding that press conference last year, which their critics welcomed.

There hasn’t been a single time when we’ve spoken up without being agitated or up in a commotion,” says Minji. ” We’ve thought more than anyone else about how much responsibility each of our actions carries, and we’re currently bearing that responsibility ourselves”.

How long will their break be, it’s not known. Ador claims it will meet with the group soon to talk about the future, but NewJeans insists it isn’t safe enough to return.

Their lawsuit with Ador will return to the headlines next week when the hearings begin- and so will all five of them.

The one thing that seems to stay constant is their resolve to get through this together.

We’ve always said to each other,” If one person doesn’t want to do it, then we’re not going to do it,” Hanni had said two weeks ago. It has to be all all five of us that agrees to do it. That’s how we came here, and that’s how we will make it to the end.

She said on Saturday,” We’re gonna get through it.”

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US building walls while China erecting windmills – Asia Times

For the annual China Development Forum ( CDF), thousands of foreign CEOs are gathered in Beijing this week.

Beijing is communicating to the universe that the country’s second-largest market is open for business as the US pursues protectionist” America First” policies in the face of heightened global doubt.

The Taiwanese government has repeatedly reaffirmed its commitment to boosting the country’s economy. Its most recent federal labor report, which was released in March, provides clear recommendations for high-standard starting up and improving the business environment for foreign traders.

Chinese Premier Li Qiang once more urged for greater cooperation at the CDF. It is more important for countries to start up their markets and businesses to withstand risks and challenges in today’s increasingly scattered earth with rising volatility and uncertainty, Li said.

However, “opening up” risks turning out to be an empty promise without going beyond company offers.

Chinese politicians intend to tell the world that in contrast to “high surfaces,” the nation is taking concrete steps to attract foreign investments as part of meetings with foreign company officials at the Diaoyutai State Guesthouse this year.

China’s Vice Premier He Lifeng reaffirmed the country’s business potential and sincerity in his meeting with Apple, Pfizer, Mastercard, Cargill, and others on Sunday ( March 23 ).

China’s efforts to improve the business culture reflect its kindness. In March, the Chinese Ministry of Commerce announced that roundtable discussions have addressed more than 500 concerns for foreign-funded businesses.

China has so far given the right to get value-added communications services for 13 foreign-invested businesses. Moreover, three new hospitals that are completely owned by foreigners have received approval to run in addition to the over 40 foreign-funded biotechnology projects that have been launched.

According to a survey conducted by the China Council for the Promotion of International Trade in January, nearly 90 % of Chinese firms are “very satisfied” or “relatively happy” with the country’s total business culture last year.

The surveyed businesses scored China’s business culture with a 4.37 out of 5, which is an improvement of 2.1 percent points over the same period in 2023.

While some American politicians have been working to avert multinational corporations and businesses from China while citing national security concerns, it is interesting to see how global investors are acting against their president’s wishes.

A impressive number of American business leaders, including Tim Cook of Apple, Albert Bourla of Pfizer, and Rajesh Subramaniam of FedEx, have signed up for the two-day event in Beijing despite Washington’s price strain, in an ostensible display of their excitement for the Chinese market.

The customer moves very quickly in this industry. The customer is the one who is the most technologically engaged. And as we respond to the needs of this customer with technology, we are better equipped to provide those improvements to the rest of the world, according to Joanne Crevoiserat, CEO of US-based Tapestry, in an appointment with CGTN.

Stock market prices reflect investment preferences. The MSCI China Index marked its best start of the year, rising 19 % as of March 9 as per a report from investment bank Goldman Sachs, despite the US stock market’s catastrophic decline in March, which saw a staggering$ 5.28 trillion in value loss in just three weeks.

The change in investment opinion is certainly unexpected. Washington is pushing for economic dispersion through restrictions, taxes, and other trade barriers in order to make America “great” once more.

Under the” America First” philosophy, the Donald Trump administration is heading even further down the path of protectionism. China has, in comparison, shown signs of support for free trade and foreign funding.

According to a proverb,” When the winds of change punch, some build rooms, while others build turbines,” The two biggest economies of the world are making different decisions between walls and windmills, according to international investors.

Their decisions about putting money in China and removing it from the US are also influenced by this.

Jianxi Liu is a contributor to Chinese media publications including Global Times, CGTN, and other countries and an analyst of political and international relations based in Beijing.

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Thailand moves up 9 places in World Happiness rankings

(Photo: Varuth Hirunyatheb)
( Photo: Varuth Hirunyatheb)

Thailand moved up nine areas to become the third-happiest country in Asean and 49th in the World Happiness Report 2024 positions.

Finland has been the happiest nation for eight years, while Afghanistan has been the least happy, according to the University of Oxford statement.

In the joy statement for 2023, Thailand was ranked 58th.

Participants from each nation were polled to assess their happiness levels on a level of 0 to 10, with 0 being entirely satisfied and 0 being the same.

Thailand received a 6.22 in 2024, making it the third-happiest nation in Southeast Asia after Singapore, where it placed fourth worldwide, 34, and Vietnam, where it was 46.

There are six split sub-factors in the determing position, according to deputy state official Anukul Prueksanusak: social support, GDP per capita, wholesome life expectancy, freedom, generosity, and perceptions of corruption.

Thailand was ranked eighth for benevolence, according to Mr. Anukul, which reflects Thais ‘ ongoing support for one another, such as in families and communities.

We ranked 81st in GDP per capita, according to the survey. He continued,” The government’s financial stability is demonstrated by the superior economic view in recent years.”

Mr. Anukul claimed that the move up to 49th area was a positive sign for Thailand, but there were other things that needed to be improved to maintain better living conditions and greater happiness in the future. &nbsp,

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