Challenges of the new US President

(Baonghean.vn)- With Donald Trump officially inaugurated as the 45th President of the United States, analysts say the world economic picture in the coming time is relatively bleak. Accordingly, there is a possibility of a trade war between the US and China if Trump carries out his previous statement about imposing new taxes on Chinese goods.

According to many experts, President Trump's statements about Beijing taking measures to protect the yuan and the possibility of Washington imposing high tariffs on Chinese goods could lead to Beijing's response.

Negotiating new trade deals under President Donald Trump will require more diplomacy and compromise than he promised during the campaign. Photo: AP

"I think China could be a big issue," said Simon French, an economist at Panmure Gordon Investment Bank. "New tariffs on Chinese goods could be announced soon... and there will be some backlash from Beijing. I think this is a key issue in President Trump's first 100 days in office."

Besides, there are also opinions that world markets will need time to get used to the new US President's social media usage style.

“President Trump has repeatedly used Twitter to comment on economic deals or corporate plans. We have seen the impact on stocks in sectors such as the military and defense sector when he commented on Lockheed and the F-35 fighter jet,” said Michael Hewson, CMC Markets expert.

There is a possibility of a trade war between the US and China under the new Washington administration. Photo: NYTimes.

The above comments were made at a time when China's two key stock markets, Shanghai and Hong Kong, were also moving in opposite directions.

At the end of the weekend trading session, while the Shanghai Composite Index increased, the Hang Seng Index decreased. Meanwhile, in the US, the stock market closed the same day, marking the first time in more than 50 years that the US stock market increased on the first working day of a new president./.

Lan Ha

(According to AFP)