Bosman Business World

News and Research => Business => Topic started by: bosman on 2025-02-05 08:40

Title: Trump’s first term, with  Beijing’s swift but calculated retaliation 
Post by: bosman on 2025-02-05 08:40
The  recent escalation in the  Sino-US trade war  has made  it clear that President Xi Jinping  has taken a more cautious approach than during Trump's first term, with  Beijing's swift but calculated retaliation  for Washington's imposition of 10% tariffs. Trump told reporters  he was in no rush to  speak to Xi and  that they would speak at  an appropriate  time.
A wave of arrests and investigations in Turkey since the  start of the year — which  have targeted domestic politicians, journalists, a  prominent security guard and the mayor of Istanbul —  has left some observers  questioning President Recep Tayyip  Erdoğan's motives. The  arrests come as  Erdogan's allies have  expressed support for him to serve a third term beyond 2028, which could  require constitutional  changes.
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Panama is  considering canceling its contract with  a Hong  Kong company that operates ports near the Panama Canal, a  possible concession to  soften Trump's threats  to counter China's influence around the key waterway. President José Raúl Mulino's moves are a delicate balancing act to appease the  United States while  preserving national pride and avoiding military  threats.
The United States Agency for International Development  (USAID) will place most  of its employees —  except those in mission-critical and  leadership positions — on administrative leave starting  Friday, as the  embattled agency becomes a battleground in Trump and Elon  Musk's campaign to restructure the federal government.  Meanwhile, the CIA has  proposed hiring staff to  reduce staff numbers in line with Trump's broader job cuts.

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