Chapter 1: What is the main topic discussed in this episode?
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The British Prime Minister Keir Starmer has told Bloomberg that the UK doesn't have to choose between the United States and China. The Labour leader will head to Beijing later today as he seeks to court closer relations with the world's second largest economy, while not drawing the ire of the US President.
In an exclusive conversation with our UK political editor Alex Wickham, Starmer discussed what he sees as significant opportunities for British businesses in China. With more, here's Bloomberg's Chris Pitt.
Starmer's trip to China is the first by a British prime minister in eight years. And it comes just days after his Canadian counterpart, Mark Carney, was threatened with 100% tariffs by President Trump following his own trip to Beijing. But Starmer insists he can meet China's President Xi Jinping without angering the White House.
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Chapter 2: How is the UK navigating its relationship with China?
He's essentially ripping up, or at least for now, the deal and saying that's because the Koreans are slow walking it. I should note that there were a lot of question marks, including from what the American position was about this deal.
And so this is another case for countries that are looking at this, including the EU and the UK that had their deals and then saw the Greenland tariff threat come in. The Trump's deals aren't necessarily locked in.
Bloomberg's Josh Wingrove speaking there. South Korea's government said it hadn't yet received any formal notification or detailed explanation from the US regarding Trump's post on Truth Social.
Meanwhile, gold is holding above $5,000 an ounce as a weak US dollar helps to extend a blistering rally fuelled by geopolitical risks and investor flight from sovereign bonds and currencies. Bullion jumped again today to record its seventh straight day of gains as a measure of A key measure of the dollar sank amid speculation the US may help Japan to support the yen.
Meanwhile, Europe's largest money manager, Amundi, says America's increasing isolation is convincing many investors to cut holdings of dollar assets and switch to gold.
President Trump's US Border Patrol commander is expected to leave Minneapolis today following a public outcry over the killing of two US citizens by federal agents. Gregory Bovino has been the face of a sweeping US immigration crackdown. White House Press Secretary Caroline Levitt says the administration is sending border czar Tom Homan to the city to ease tensions.
Mr. Holman is doing an exceptional job, and he has been working with Secretary Noem and President Trump over the course of the last year.
Secretary Noem still has the utmost confidence and trust of the President of the United States, and she's continuing to oversee the entire Department of Homeland Security and all of the immigration enforcement that's taking place across the whole entire country.
Caroline Levitt there praising Homan, who was set to meet Minneapolis Mayor Jacob Frey today to discuss coordination between federal and local law enforcement. Meanwhile, Senate Democrats are resisting approving funding for the Department of Homeland Security without new safeguards, increasing the likelihood of another government shutdown as a January 30th deadline looms.
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