2024 is drawing to a close but tensions between the US and China are nowhere near over.

China has hit out at America’s latest efforts to block Beijing’s access to chip technology. This comes ahead of 2025, when Donald Trump is set to take office at the White House, and had earlier warned of an additional levy of 10 percent on Chinese imports.

While a revived trade war would further destabilise China’s economy, economists and tax experts have also cautioned it would also harm the US economy by increasing prices for American consumers and could lead to supply chain disruptions, labor shortages, and a currency war with China.

On this episode of Morning Shot, William Ma, Chief Investment Officer at GROW Investment Group shares his insights.

Presented by: Emaad Akhtar
Produced & Edited by: Yeo Kai Ting ([email protected])
Photo credits: pixabay & its talented community of contributors

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