Wednesday, January 18, 2017

The Latest: Kerry says US diplomatic deals hard to reverse


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  • Speaking Tuesday to The Associated Press on a golf-cart shuttle ride through snowy Alpine town, Scaramucci insisted that Trump will be engaged in foreign trade, but "free, fair trade ... he's not talking about isolationism."
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  • Well interesting that Trump will still want to be engaged in foreign trade in one hand, but he tweets that he will want to drop TPP and TIPP on the other hand - in his 1st day in Executive Action. So will see what Trump will be up to in free trade.
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  • If Trump shut US out of free trade, US will be shut out of 6 billion people World market while contending with only 500 million people domestic market. 
  • Overtime, US will start to become weaker while correspondingly Countries that continue to embrace free trade will grow phenomenally. China will overtake US as the Top World Economy.
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  • Eg. 
  • (1) if iPhone cannot sell to World Market of 6 billion people - can only sell to US market - do you think US Economy can grow big? 
  • (2) if Coca-cola and Pepsi cola only sell in US market - but cannot sell in World market, do you think US economy can grow? 
  • (3) if US IT company only sell in US market - but cannot sell in World Market, can US economy grow? 
  • (4) if Boeing cannot sell its commercial planes to World airlines - but only sell to US domestic airlines, do you think US economy will grow? 
  • (5) if US banks and insurance companies cannot sell its banking and insurance services worldwide - but only to domestic market, do you think US economy will grow? 
  • etc etc 

  • - Do Trump seriously think if US don't trade, cancel TPP and TIPP --- will US economy do well, will Americans working in MNCs that export its products and services to World Market not lose their jobs? 
  • Trump will have to be very careful - in engaging the World --- and not turn hostile to US trading partners, Allies and friends. 
  • Otherwise, Trump will be doing alot of damages to US - with collateral damages to the World. 
  • The World will have to make do without US participation in trade and move on without US.

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