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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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Crypto Billionaire Zhao Pledges to Boost Tech Investment After Release from US Custody

Billionaire Changpeng Zhao, the co-founder of Binance Holdings Ltd., has vowed to continue investing in blockchain, artificial intelligence, and biotechnology following his release from US custody. In his first public comments since serving a four-month sentence, Zhao took to social media platform X to outline his long-term investment plans, emphasizing his focus on “impact, not returns.”

Zhao's release comes after Binance faced a $4.3 billion penalty under a plea deal to settle charges that allowed criminals and terror groups to use the exchange. As part of the agreement, Zhao personally paid a $50 million fine and stepped down as CEO of Binance, handing leadership over to Richard Teng. Binance will now face years of compliance monitoring by the Justice Department and the US Treasury’s Financial Crimes Enforcement Network.

Zhao, who has a net worth exceeding $30 billion, also announced plans to launch Giggle Academy, a nonprofit online education platform, and pledged to dedicate more time and resources to charity. Despite stepping down from Binance, Zhao's influence in the crypto and tech sectors remains substantial, and he intends to explore new opportunities in these industries moving forward.

Zhao's post hinted at a reflective period, stating, "Let me chill for a bit. Then figure out the next steps."

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