China, NVIDIA and Donald Trump
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Just a year ago, Chinese manufacturers, fearing a new trade war, rushed to push out exports following the election victory of President Donald Trump, who had pledged to slap punishing tariffs on imports from China over America’s widening trade deficit with the country.
President Donald Trump announced a $12 billion farm aid package to support U.S. farmers amid ongoing trade negotiations with China and tariff concerns.
The White House is prioritizing trade negotiations with China over the protection of America’s East Asian allies.
Sen. Ruben Gallego (D-Ariz.) highlighted the hypocrisy, writing on X, formerly Twitter: “Trump needs private jets and an Oval Office covered in gold but your kid only needs one pencil.” Others mocked the president as “the Grinch Who Stole Christmas” and sarcastically called it a “winning message” just before the holidays.
China’s surplus has also been driven by a host of small-ticket items including a surge in low-value packages — the business model employed by online retailers such as Shein and Temu, which have come under fire in the US and EU for taking advantage of duty-free loopholes.
As President Donald Trump announced a $12 billion farm aid package this week to help U.S. farmers hurt by tariffs, he placed responsibility for the U.S. agricultural trade deficit on former President Joe Biden.
President Donald Trump has opposed removing Russia from the G-8. Russia was expelled from the G-8 in 2014 after the invasion of Ukraine's Crimea.
BEIJING: China's exports topped forecasts in November, driven by a surge in shipments to non-U.S. markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump's prohibitively high tariffs.