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Yup; in general China stands to benefit most in the long-term with a second Trump administration. Economic projections are that they will take over the US as the world’s largest economy, and when that happens - it will shift global spheres of influence, especially with the US digging itself so far into debt and isolationism.
We’ve hosted a bunch of European exchange kids over the years, and they tell us that it already feels like the EU is realigning with China away from the US.