The first country to feel the heat of the new policy will be China. Trump's blunt approach of throwing it up for negotiation is certain to anger Beijing, for whom the sidelining of Taiwan is a nationalistic prestige issue. He then launched into a familiar tirade about Beijing's currency manipulation (keeping the Renminbi weak) to further China's strong exports. Although he wouldn't formally label China a currency manipulator on his first day in office, ''certainly they are manipulators,'' he maintained. But there is a ferocious on-going debate about Trump's vulnerabilities vis-a-vis Russia, causing the President-elect to lash out against both Republican and Democratic operatives for ganging up against him.

Source: Economic Times January 15, 2017 05:55 UTC