Despite his long-standing interests in the country and key ally Steve Wynn's heavy investments in Macao's casinos, Donald Trump is expected to adopt a tough stance on China.
Donald TrumpChinaTrade WarSteve WynnMacaoReal EstateNov 16, 2024
Donald Trump has had various business ventures in China, including branded real estate projects and luxury goods. However, these interests have been overshadowed by his more aggressive political stance on China during his presidency.
The Trump administration imposed a series of tariffs on Chinese goods to address the trade imbalance and protect American jobs. This led to a trade war that significantly impacted both countries and global markets.
Steve Wynn, a close associate of Donald Trump, has invested heavily in Macao’s casinos, which have been a significant source of revenue for both Wynn and the region. His investments have deepened the ties between the U.S. and Macao.
The main issues include trade imbalances, security concerns, and human rights violations. Trump has been particularly critical of China’s unfair trade practices, intellectual property theft, and its handling of the coronavirus pandemic.
The Trump administration has strengthened alliances with traditional U.S. allies in Asia, such as Japan and South Korea, and increased military presence in the Indo-Pacific region to counter China’s rise as a global superpower.
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