US President Donald Trump’s latest tax and spending act might “cause some trouble” for China, according to analysts.
However, they also said Beijing may be able to benefit in certain areas if the act – known officially as the One Big Beautiful Bill – generates further political instability and damages domestic industries such as the US clean energy sector.
The act aims to make permanent tax cuts, lock in Trump’s priorities on border and defence financing, increase Washington’s debt limit by US$5…
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