Trump is a ‘transactional president' but may not rock the boat on China, Standard Chartered CEO says

Former U.S. President Donald Trump, the favorite to secure the Republican nomination for the 2024 presidential election, may adopt a transactional approach if he returns to power. However, experts believe he is unlikely to disrupt the Biden administration’s efforts to rebuild relations with China. During his previous term, Trump took a combative stance towards Beijing, triggering a trade war with tariffs on Chinese goods. In contrast, the Biden administration has taken steps to repair the relationship through visits from top officials. The CEO of Standard Chartered, a bank heavily invested in Asia, remains optimistic about the Chinese economy in the long term.