Trump, Xi and Asia
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President Donald Trump is going to Japan and South Korea next week to promote an epic financial windfall — at least $900 billion of investments into America.
The Basel Action Network said at least 10 U.S. companies were exporting used electronics to countries that aren't always prepared to safely handle the toxic metals they contain.
The haul was staggering: approximately $15bn in cryptocurrency, the most America has ever seized. On October 14th America’s government said that it had grabbed this from Chen Zhi, the Cambodian chairman of Prince Group—a conglomerate that the Department of Justice (DOJ) alleges has become “one of Asia’s largest transnational criminal organisations”.
Trump has said that he will attend the Association of Southeast Asian Nations summit in Malaysia, which is Oct. 26-28, according to PBS News. The president then will travel to Japan, followed by South Korea.
Luigi Mangione joked about paying for services with "Pokémon" cards during his Japan trip months before allegedly assassinating UnitedHealthcare CEO Brian Thompson.
Asia may see its resilience to U.S. tariffs challenged if a rally in the dollar and a rebound in low interest rates lead to tighter financial conditions, a senior International Monetary Fund official told Reuters.