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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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ByteDance Secures Record US$10.8 Billion Corporate Loan in Asia

ByteDance Ltd, the Chinese tech giant behind TikTok, is set to sign a US$10.8 billion (RM44.7 billion) corporate loan, marking the largest-ever dollar-denominated corporate facility in Asia, excluding Japan. The deal, funded by about 20 international and Chinese banks, exceeds the initial target of US$9.5 billion, highlighting continued lender confidence despite the company's challenges.


The loan, coordinated by Citigroup, Goldman Sachs, and JPMorgan, has a three-year tenure, extendable to five years, with part of the proceeds used to refinance a previous US$5 billion facility raised in 2021. This financing comes as ByteDance navigates US scrutiny and competition in the AI race.

Founded in 2012, ByteDance is leveraging its Douyin platform in China to expand into e-commerce, while TikTok continues its international growth, including plans to introduce its live shopping platform across more European markets. Additionally, the company's venture into generative AI and large language models demands substantial capital investment.

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