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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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ONEOK Expands with US$5.9 Billion Acquisitions in Strategic Permian Basin and Other Regions

ONEOK, a US pipeline operator, announced two significant deals totaling US$5.9 billion to expand its presence in key oil and gas regions, including the Permian Basin, mid-continent, North Texas, and Louisiana. The deals, made with infrastructure investor GIP, will enhance ONEOK's strategic positioning amid a challenging natural gas market.

Key Takeaways:

  1. Strategic Acquisitions: ONEOK will acquire GIP's 43% stake in EnLink Midstream and full interest in its managing member for US$3.3 billion in cash, along with GIP's equity interests in Medallion Midstream for US$2.6 billion, reinforcing its presence in the Permian Basin and other vital regions.

  2. Financial Impact: These acquisitions are expected to immediately boost ONEOK's earnings and free cash flow, supporting the company's planned US$2 billion share repurchase program. Synergies between US$250 million and US$450 million are anticipated over the next three years.

  3. Financing and Future Outlook: ONEOK has secured up to US$6 billion in financing from JPMorgan Chase and Goldman Sachs, with the deals expected to close in the early fourth quarter. This expansion follows ONEOK's previous US$18.8 billion acquisition of Magellan Midstream Partners, further solidifying its market position despite challenges in the natural gas sector.

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