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FT News Briefing

UK’s wealthy foreigners look for the exits

Jun 25, 2024
11:00
Snipd AI
Chinese executives are relocating manufacturing to avoid US tariffs, wealthy foreigners in the UK plan to leave, Brazilian financial markets are struggling. FT's Tim Bradshaw discusses Nvidia's potential crash like dotcom darlings.
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Podcast summary created with Snipd AI

Quick takeaways

  • Chinese companies in Malaysia to avoid US tariffs, UK wealthy foreigners leaving due to tax changes.

Deep dives

Chinese companies seeking refuge from US tariffs in Malaysia

Chinese companies are exploring opportunities in Malaysia as a strategic move to evade US tariffs. The executives have engaged with Malaysian government officials to secure support and potentially deflect tariff impacts on their businesses. This engagement places Malaysia in a delicate position as it values its alliance with the US while also fostering ties with China, exemplified by Premier Li Qiang's recent visit.

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