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Ricky Lim ·
If Trump start a trade war with China and EU - US businesses worldwide will lose big.
Like · Reply · 1m
Ricky Lim ·
If Trump levy the punitive tariff, both China and US should give Trump a bloody nose and teach him a good and hard lesson.
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Ricky Lim ·
Meanwhile, both China and EU should expedite the many multi-lateral trade deals --- to ensure that when the trade war start with Trump ---- China and EU can redirect and leverage on trade to multi-lateral deals and cushion the impact of trade loss with US.
In the end, both China and EU will make less loss as oppose to Trump led US - where US businesses will suffer more loss worldwide --- and teach Trump a good and proper lesson - and deliver a bloody nose to Trump.
In the end, both China and EU will make less loss as oppose to Trump led US - where US businesses will suffer more loss worldwide --- and teach Trump a good and proper lesson - and deliver a bloody nose to Trump.
Like · Reply · 1m
Sheen Zong San
USA is wise to do something. In fact, USA needs to do many things. The deficits are simply unsustainable. And to the country that opposes you at every turn. Eventually USA would have fallen so much it would not be able to recover. And this applies to countries in Europe and elsewhere too. The writing is already on the wall....
Ricky Lim ·
Ricky Lim ·
Singapore
I think you may not really understand World trade.
If all Countries in the World is ripping off US, will US be the largest Economy in the World?
Use math to calculate - don't just listen to what Trump say.
US companies are investing everywhere in the World to tap the cheap resources worldwide and sell to Countries worldwide ---- and thus they reap tremendous profit - and contribute to US wealth - and thus become the largest economy in the World.
Now Trump want the cake and eat it as well.
Like · Reply · 1m
Ricky Lim ·
Singapore
US are importing more than they export - because US companies are making goods and services in other Countries and then sell back to US at a cheaper price to US consumers.
If US companies make everything in US, then US consumers will buy American made goods and services at very high price.
This is the mechanics of World trade and investment and division of labour - and is making US economy rich ---- but yet Trump is complaining like crazy.
If Trump mess around with this trade mechanics - it will end up US companies making loss, and worldwide, consumers will turn away from US made good and services due to its high price --- and US Economy will turn for the worst.
And at that time, you can start to praise Trump for single-handedly bring US economy down !
Singapore
I think you may not really understand World trade.
If all Countries in the World is ripping off US, will US be the largest Economy in the World?
Use math to calculate - don't just listen to what Trump say.
US companies are investing everywhere in the World to tap the cheap resources worldwide and sell to Countries worldwide ---- and thus they reap tremendous profit - and contribute to US wealth - and thus become the largest economy in the World.
Now Trump want the cake and eat it as well.
Like · Reply · 1m
Ricky Lim ·
Singapore
US are importing more than they export - because US companies are making goods and services in other Countries and then sell back to US at a cheaper price to US consumers.
If US companies make everything in US, then US consumers will buy American made goods and services at very high price.
This is the mechanics of World trade and investment and division of labour - and is making US economy rich ---- but yet Trump is complaining like crazy.
If Trump mess around with this trade mechanics - it will end up US companies making loss, and worldwide, consumers will turn away from US made good and services due to its high price --- and US Economy will turn for the worst.
And at that time, you can start to praise Trump for single-handedly bring US economy down !
Like · Reply · 1m
Ricky Lim ·
Ultimately, who will suffer?
(1) Consumers will have to pay higher price to tariff or inefficient US resources suppliers.
(2) Domestic demand and overseas demand for US goods will fall due to higher prices.
(3) Businesses will suffer lower demand, lead to lower profit or make losses.
(4) Businesses will fire more workers to save cost - lead to job losses.
(5) Economy will suffer, as export and import fall, tax revenue fall, businesses fall, job losses.
US will suffer most - because the whole World will turn against US and its businesses.
Collateral damages will be felt by the World due to Trump's action.
Outcome :- World Economy suffers.
(1) Consumers will have to pay higher price to tariff or inefficient US resources suppliers.
(2) Domestic demand and overseas demand for US goods will fall due to higher prices.
(3) Businesses will suffer lower demand, lead to lower profit or make losses.
(4) Businesses will fire more workers to save cost - lead to job losses.
(5) Economy will suffer, as export and import fall, tax revenue fall, businesses fall, job losses.
US will suffer most - because the whole World will turn against US and its businesses.
Collateral damages will be felt by the World due to Trump's action.
Outcome :- World Economy suffers.
Like · Reply · 1m
Sheen Zong San
Ricky Lim
As I said, the deficit is unsustainable. Use your common sense if you have.
As I said, the deficit is unsustainable. Use your common sense if you have.
Reply · 1h
Sheen Zong San
The US and Trump are not as stupid as you make them out to be - or do you have a secret agenda?
Ricky Lim ·
Sheen Zong San - evidently you don't understand economics.
If the above simple economics explanation cannot make you and Trump understand - than both you and Trump are real stupid.
Many US business leaders and politician don't agreed with Trump's trade war.
What secret agenda?
Trump is destroying the Global Economy - and you are want of his supporter. What is your agenda?
Even Stephen Hawking say about Trump :-
- describing Donald Trump as "a demagogue who seems to appeal to the lowest common denominator" ahead of his election as US president.
- a demagogue - is a political leader who seeks support by appealing to popular desires and prejudices rather than by using rational argument.
If the above simple economics explanation cannot make you and Trump understand - than both you and Trump are real stupid.
Many US business leaders and politician don't agreed with Trump's trade war.
What secret agenda?
Trump is destroying the Global Economy - and you are want of his supporter. What is your agenda?
Even Stephen Hawking say about Trump :-
- describing Donald Trump as "a demagogue who seems to appeal to the lowest common denominator" ahead of his election as US president.
- a demagogue - is a political leader who seeks support by appealing to popular desires and prejudices rather than by using rational argument.
Like · Reply · 1m · Edited
Ricky Lim ·
Sheen Zong San - read how US start trade war in 1930s that trigger World first Deep Depression that lead to World War 2.
Trump is repeating this horrible history and you are supporting it. What is your secret agenda? To trigger another Deep Depression and start World War 3?
Posted on :-
January 27, 2017
ricky l 13 seconds ago
Trump will have to be very careful.
If Trump start a trade war with the World, it will follow a World War 3 - the Big Bang vision maybe coming true.
The Economic Depression 1930s trade war started by US follow a World War 2.
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ricky l
ricky l 34 seconds ago
Posted in :-
Reuters – Fri 20 Jan, 2017 3:26 AM IST
Avatar
ricky l 0 seconds ago
1930s Deep Depression --- hopefully it will not occur.
It is trigger by US trade war - increase trade tariff against the World - that trigger 1930s Deep Depression.
Hope Donald Trump learned from this - and not repeat the mistake of the 1930s Deep Depression.
----
"The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade.[17] By late 1930, a steady decline in the world economy had set in, which did not reach bottom until 1933."
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ricky l
ricky l 3 seconds ago
Avatar
ricky l 1 second ago
And Deep Depression 1930s --- trigger the 2nd World War.
0
----
World War II and recovery
The common view among economic historians is that the Great Depression ended with the advent of World War II. Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery. It did help in reducing unemployment.[11][90][91][92] The rearmament policies leading up to World War II helped stimulate the economies of Europe in 1937–39. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment.[93] When the United States entered into the war in 1941, it finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%.[94] In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts.[cit
See less
Trump is repeating this horrible history and you are supporting it. What is your secret agenda? To trigger another Deep Depression and start World War 3?
Posted on :-
January 27, 2017
ricky l 13 seconds ago
Trump will have to be very careful.
If Trump start a trade war with the World, it will follow a World War 3 - the Big Bang vision maybe coming true.
The Economic Depression 1930s trade war started by US follow a World War 2.
See less
Reply
ricky l
ricky l 34 seconds ago
Posted in :-
Reuters – Fri 20 Jan, 2017 3:26 AM IST
Avatar
ricky l 0 seconds ago
1930s Deep Depression --- hopefully it will not occur.
It is trigger by US trade war - increase trade tariff against the World - that trigger 1930s Deep Depression.
Hope Donald Trump learned from this - and not repeat the mistake of the 1930s Deep Depression.
----
"The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade.[17] By late 1930, a steady decline in the world economy had set in, which did not reach bottom until 1933."
Reply
See less
ricky l
ricky l 3 seconds ago
Avatar
ricky l 1 second ago
And Deep Depression 1930s --- trigger the 2nd World War.
0
----
World War II and recovery
The common view among economic historians is that the Great Depression ended with the advent of World War II. Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery. It did help in reducing unemployment.[11][90][91][92] The rearmament policies leading up to World War II helped stimulate the economies of Europe in 1937–39. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment.[93] When the United States entered into the war in 1941, it finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%.[94] In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts.[cit
See less
Like · Reply · 1m
Ricky Lim ·
Sheen Zong San -
Just announce that Trump supported Republican lost to Democrat in Pennsylvania election despite playing up his 25% tariff in steel - though Pennsylvania is a heavy steel producing site.
Trump previously won it by more than 20%.
See how unpopular Trump is, and how voters now turn their back on Trump for implementing all the wrong policies?
Just announce that Trump supported Republican lost to Democrat in Pennsylvania election despite playing up his 25% tariff in steel - though Pennsylvania is a heavy steel producing site.
Trump previously won it by more than 20%.
See how unpopular Trump is, and how voters now turn their back on Trump for implementing all the wrong policies?
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