The Trump administration has threatened to place a 25 percent levy on Chinese goods that are not currently taxed.<\/p>\n
\nThe reality \u2026 is President Trump could always have a change of heart,” a source close to the negotiations told the South China Morning Post <\/i>and Politico<\/i>. “But the truce cake seems to have been baked.”<\/p>\n<\/blockquote>\n
The International Monetary Fund (IMF) says the US and China are the two richest economies on the planet in terms of nominal gross domestic product (respectively $19.39 trillion and $12.01 trillion). Japan, the host for the G20 Summit, is a distant third at $4.87 trillion.<\/p>\n
Bargaining Chips<\/b><\/h2>\n
The Bernstein analysts don’t believe Sands, Wynn, and MGM will be thrown onto the trade war table to give Xi an upper hand. Not everyone agrees.<\/p>\n
\n
Sheldon Adelson \u2013 the billionaire owner of Sands \u2013 has been the Republican Party’s largest donor in each of the last two elections, and played a critical role in Trump winning in 2016. The 85-year-old casino tycoon is expected to again open his deep pockets to make sure his former casino colleague keeps residence in the White House.<\/p>\n<\/div>\n
Steve Wynn, the disgraced Wynn Resorts founder who is no longer with the company after his alleged sexual misconduct scandal, has also been a robust support of the GOP.<\/p>\n
In December, gaming analyst Steve Vickers<\/a> opined, “The US-owned Macau casinos are sitting on what could be called a geopolitical fault line. To date, the Chinese have been quite careful not to escalate the conflict into a direct assault on US interests. But, it remains to be seen what the current attitude is towards Macau and the huge cash outflow associated with the large US casinos.”<\/p>\n","protected":false},"excerpt":{"rendered":"Gaming analysts say US casino operators licensed in Macau, the world’s richest gambling hub, shouldn’t be impacted by President Donald Trump’s ongoing trade war with China President Xi Jinping. In a recent note, Sanford C. Bernstein gaming analysts Vitaly Umansky, Eunice Lee, and Kelsey Zhu say the US-China trade war that continues to threaten the […]<\/p>\n","protected":false},"author":25,"featured_media":107931,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\n
Remote Chance US Casinos Lose Macau Concessions Due to Trade War<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n