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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Hundreds of reporters fired as Trump guts agency
Hundreds of Voice of America (VOA) journalists have been laid off by the Trump administration, effectively dismantling the US-funded news outlet, which was created during WWII to combat propaganda. The administration cited dysfunction and bias as reasons for the firings, which have resulted in over 85% of VOA's staff losing their jobs since March, raising concerns about the future of independent journalism that supports democratic ideals. Need More Context? 🔎
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