United States of America Presidential Elections 2024 News and Live Updates

Taiwan could demonstrate that it takes Donald Trump’s demand for “protection” money seriously by securing large new arms deals early, demonstrating that it is not looking to get away with free rein and that it is determined to show Washington its determination to spend to defend itself.

Trump, who won a second presidential term this week, angered Taiwan, democratically governed and claimed by China, by claiming that Taiwan should pay the United States for its defense and that he had taken away the United States’ defense sector. semiconductors.

Other U.S. financial firms may withdraw from China, spin off local units to minimize risks or pause expansion plans due to concerns over geopolitical tensions under Donald Trump’s presidency, executives and analysts said of the sector.

Mainland China was a lucrative market for Wall Street investment banks and major U.S. asset managers to expand in the decade before the pandemic, as the world’s second-largest economy grew. double-digit economy.

Japanese Prime Minister Shigeru Ishiba hopes to meet US President-elect Donald Trump in the United States this month, four sources said, aiming to emulate the close ties he enjoyed with the then prime minister , Shinzo Abe, during Trump’s first term.

The United States is Japan’s most important economic and security partner, while Tokyo is a key Washington ally in Asia, providing bases that allow it to maintain a significant military presence on China’s doorstep.

Ishiba told reporters that he had a five-minute phone call with Trump on Thursday morning, Japan time, and that they agreed to meet as soon as possible.

Vietnam faces trade volatility with a new Trump presidency, officials and supply chain experts told Reuters, as the country stands to benefit from increased trade tensions between the United States and China, but could also become “collateral damage” of American protectionist measures.

The Southeast Asian industrial hub is a major exporter to the United States and had a $90 billion trade surplus with Washington in September, the fourth largest after China, the European Union and Mexico.