Trust, confidence between countries will be hardest hit in US-China trade war, says PM Lee
Read more at https://www.channelnewsasia.com/news/singapore/trust-confidence-hardest-hit-in-trade-war-lee-hsien-loong-10130838

By Fann Sim

12 Apr 2018 03:07PM (Updated: 12 Apr 2018 04:41PM)

Ricky Lim · 

Singapore

On the impact a potential trade war might have on Singapore, Mr Lee said that the numerical impact in terms of trade volume and trade tariffs can be estimated and “probably is not enormous”.
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It is thus wise for us that we have diversify our business, our trade, our investment, our contact, our relationships worldwide ----- and not putting "all eggs in one basket".

And this will have diversify our risks - when such unfortunate world trade war erupt.

But having say so, Singapore Sovereign Funds also invest in many Countries worldwide.
Any trade war that go seriously wrong will also have some impact on the performance of our funds and investments.

Thus hopefully, both US and China can eventually come back to sanity and refrain from escalating the trade war and come to some sort of consensus and avoid a trade war.

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Ricky Lim · 

Singapore

Singapore can do so because of our wholesome foreign affair policies :-

"Be friends to all,
Adversity with none".

That has make us possible - to have positive business relationships with virtually every Countries in the World.

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Ricky Lim · 

Singapore

Thus Singapore must have talented competent people and another important traits - people with wholesome character to helm the posts of Cabinet and the Civil Service.

上梁正，下梁直。

Singapore must never fall into the trap of :-
上梁不正，下梁歪。

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Shuiqiang Chong · 

ITE Tampines

So long as Singapore is not affected by this trade war should be ok and safe.

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Ricky Lim · 

Singapore

Shuiqiang Chong - You should read about 1930 Deep Depression - how US trigger tariff, start a trade war with the World - and end up in the eruption of World War 2 - before you comments.

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Ricky Lim · 

Singapore

Read this when I mention Hitler --- is not for fun, in case you come with the idea of fake news :-

ricky l ricky l 34 seconds ago
Posted in :-
Reuters – Fri 20 Jan, 2017 3:26 AM IST
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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.
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"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

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ricky l 1 second ago
And Deep Depression 1930s --- trigger the 2nd World War.
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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
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