The US government has added two major Chinese companies, Tencent and Contemporary Amperex Technology Co. Limited (CATL), to its list of "Chinese military companies". This move is part of a broader effort by the administration of President Joe Biden to expand the list, which now includes 134 companies valued at almost $1 trillion. The list includes four of China's top 20 companies by market capitalization, including Tencent, the world's largest gaming publisher, and CATL, a key battery supplier to Tesla. This move is seen as a significant escalation in the decoupling of the US and Chinese economies, with potential far-reaching consequences for global markets.
https://www.japantimes.co.jp/business/2025/01/08/tech/us-blacklist-china-tech-decoupling/President-elect Trump's policies are expected to impact various industries in the US, including those related to trade, technology, and energy. In the area of trade, his administration is planning to impose more tariffs on foreign goods, which could lead to unintended consequences such as a global reshuffling of manufacturing operations, with companies shifting their factories to other low-cost countries instead of setting up shop in the US. In the tech industry, Trump's policies are expected to have a positive impact, with Wedbush predicting that tech stocks will be up 25% in 2025 due to a less regulatory environment. The firm expects AI initiatives within the Beltway to drive growth and has identified top performers such as Nvidia, Microsoft, and Tesla. In the energy sector, Canaccord sees Fluence Energy as one of its best ideas for 2025, citing the company's strategic bet on using domestic cells in the US energy storage market. If anticipated policy changes occur under the Trump administration, Fluence could see a substantial increase in its US market share. Overall, President-elect Trump's policies are expected to have a significant impact on various industries in the US, with some sectors benefiting from a less regulatory environment and others facing challenges due to increased tariffs or other factors.
https://markets.businessinsider.com/news/stocks/trump-weekly-biden-blocks-u-s-steel-buyout-banks-exit-climate-alliance-1034192246Singaporean companies are cautiously optimistic about the potential opportunities that may arise from the new US presidency under Donald Trump, according to Samantha Teo, executive director of SBF's international business division. With a growing number of companies seeking information on the US market, including its growth potential and size, there is a sense of excitement among Singaporean businesses. Companies such as Scorpio Electric, a homegrown electric motorcycle manufacturer, are particularly interested in Trump's policies on electric vehicles and innovation, given his ties to tech entrepreneur Elon Musk, CEO of Tesla.
https://channelnewsasia.com/singapore/tech-companies-united-states-market-singapore-business-federation-4835051Chinese companies ByteDance and Tencent have outspent Google, Meta, Tesla/xAI and Amazon in units purchased, despite facing challenges from ongoing trade restrictions. This is expected to worsen under the Trump administration.
https://www.techradar.com/pro/chinese-cloud-giants-bought-more-of-nvidias-flagship-ai-chips-than-anybody-else-except-microsoft