Donald Trump’s victory in the U.S. elections has raised concerns about higher tariffs on China and other Asian countries, as deficits with other Asian exporters have risen significantly according to Goldman Sachs. South Korea, Taiwan, and Vietnam have seen large trade gains with the U.S., with South Korea’s trade surplus reaching a record $44.4 billion, Taiwan’s exports hitting a record high of $24.6 billion, and Vietnam’s trade surplus standing at $90 billion. Trump’s proposed tariffs are expected to impact more open economies in the region, with Taiwan particularly exposed. Despite potential tariffs, Goldman predicts continued pressure for supply chains to relocate from China to Southeast Asia, India, or Mexico.
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Ian Hislop hits out at Justin Welby for attending British Museum gala one day after resignation
Ian Hislop criticized Archbishop of Canterbury Justin Welby for attending a gala just one day after resigning over an abuse scandal in the Church of England involving John Smyth. Hislop called it "jaw-dropping" and was unimpressed by Welby's presence at the event, telling him it was "lovely" that he had resigned. Hislop also condemned gala attendees for praising Welby's resignation, stating they were too quick to forgive each other and not focused enough on seeking...
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