U.S. Expected to Expand Travel Ban to More Than 30 Countries 
U.S. Defense Chief Pete Hegseth Defends Controversial Second Strike on Suspected Drug-Smuggling Vessel 
China’s Expanding Maritime Military Presence Alarms Taiwan and Japan 
U.S. Repatriation Flight Carrying 266 Venezuelan Migrants Lands in Caracas 
Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert 
Pentagon Probe Finds Hegseth’s Use of Signal Risked Exposing Sensitive Yemen Strike Details 
Hong Kong Faces Low Turnout in “Patriots-Only” Election Amid Public Grief After Deadly Fire 
Israel Receives Body of Deceased Hostage as Rafah Crossing Reopening Hinges on Final Returns 
New Orleans Immigration Crackdown Sparks Fear as Federal Arrests Intensify 
Trump’s Name Appears on U.S. Institute of Peace Ahead of Rwanda–Congo Deal Signing 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship 
California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean 
U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups 
UN Chief Says Gaza Operation “Fundamentally Wrong” as Concerns Over War Crimes Grow 
As election day nears, there has already been some speculation on what certain aspects may look like should either Donald Trump get reelected or should Joe Biden win the presidency. With Biden’s focus on strengthening local businesses, should the Democratic candidate win, analysts predict it may be a good thing for certain currencies like the Chinese yuan.
Experts at the Swiss bank Lombard Odier wrote a report on how a Biden presidency may affect some currencies. When it comes to the Chinese yuan, they said that having a “balanced outlook” may result in a reduced risk premium for the yan, therefore reducing uncertainty in terms of trade. This is in contrast to the Trump administration’s trade war with China, and Washington imposing high tariffs on Chinese goods coming into the country.
“We assume a Biden win that reduces some trading uncertainty,” wrote the experts. “Biden’s presidency could lead to a more rational approach to bilateral trade -- even if his team could prove as hawkish on China as Trump’s on other matters.”
Despite this prediction, the experts at Lombard Odier noted that this will not mean tariffs on China will automatically go down. Should it happen, then it would be a “bullish CNY surprise,” they wrote.
Biden has criticized Trump’s tariffs on China, citing that it only hurts American businesses and consumers. Despite this criticism, the former vice president has maintained that a hard stance should be taken against China.
Meanwhile, former President Barack Obama stepped out onto the campaign trail for his former colleague this week in Philadelphia. Obama urged Biden supporters who were present to vote, while also criticizing Trump while he spoke in the Lincoln Financial Field. Obama also touched on the recent reports of Trump having a secret bank account in Beijing, which coincides with a talking point Trump and his allies have. The Republican incumbent has long tried to portray Biden as soft on China or having financial ties in Beijing, none of which were confirmed.
“We know that he continues to do business with China because he has got a secret Chinese bank account! How is that possible? Can you imagine if I had a secret Chinese bank account when I was running for reelection?” Said the former president.
