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
China is conducting military exercises in the South China Sea on the same day that the US and its allies, including Australia, Japan, New Zealand, and the Philippines, are undertaking joint drills in the region. The People’s Liberation Army Southern Theater Command announced the exercises on WeChat, stating that naval and air forces would participate in reconnaissance, early warning drills, and sea and air patrols near Huangyan Island, also known as Scarborough Shoal, which is claimed by both China and the Philippines.
The joint exercises by the US and its allies are taking place in the Philippines' exclusive economic zone in the South China Sea. Tensions between Beijing and Manila have been escalating due to competing sovereignty claims. In 2016, a UN tribunal rejected China’s claims over large areas of the South China Sea in favor of the Philippines, a ruling that Beijing does not recognize.
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