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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‘Doomsday mom’ Lori Daybell set to be sentenced in murder conspiracy trials
Lori Daybell is set to be sentenced in Arizona for conspiring with her late brother to kill her fourth husband and for a failed drive-by shooting aimed at her niece's ex-husband, facing life in prison with the possibility of parole. She is already serving a life sentence for the murders of her two children, with her husband Chad Daybell sentenced to death for multiple murders, including that of his first wife. Want More Context? 🔎
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