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Fortune

Jim Edwards

Day One of the new Trump Administration, and things are looking good for China

Donald Trump China Elon Musk Trump Administration Xi Jinping TikTok Tesla Inc. United States Han Zheng

Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.

Analysis: During his first term as president, Trump was actively hostile to China, blamed it for the coronavirus pandemic, and wanted to ban TikTok. But this time around there has been a complete reversal. Trump, his DOGE lieutenant Elon Musk, and Chinese premier Xi Jinping are all singing from the same hymn sheet.

It’s Day One of the new Trump Administration. As the new president took the oath of office in the Capitol rotunda shortly after midday, one person will likely be pleased with how things are going so far: Xi Jinping, president of China.

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