[Scythian]

Was Trump agitated by ex PM Lee remarks, how can anybody believe in U.S. anymore?

Why does Singapore keep talking about TPP when everyone else has given up on it?

How can anybody believe in U.S. anymore, asks Prime Minister Lee Hsien Loong.

"In an interview with the Time magazine published on Tuesday, Prime Minister Lee Hsien Loong repeated earlier warnings that a failure by the US Congress to ratify the 12-nation Trans-Pacific Partnership (TPP) would diminish Washington’s standing among Asian trade partners"

[Scythian]

After taking office, the newly elected President Donald Trump formally withdrew the United States from TPP in January 2017, therefore ensuring the TPP could not be ratified as required and did not enter into force.

Note
Failed. The biggest setbacks 
Singapore was co-founder of Trans-Pacific Partnership (TPP) 

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[sclim]

trust is not hie main priority now.

he needs to balance gov spending versus income. it is badly out of balance. he chooses to increase income by tax.
his target is 2t which is the current different between income and spending.

the tax on canada, china and maxico will increase tax by 275b in annual income if no lost in import.
estimate to be around 20% lost, so about 230b increased. by imposing tax he will also reduce trade inbalance.

he cut gov size said to save 1b a day. so that is 365b.
he will probably cut military down to old time 600b that will be 277b saved from current 877b.

if more jobs are created in us then payroll tax will increased. if inflation go up payroll and other tax increase.
think he marching his way to his target.

fed interest rate. the talk about high interest rate to fight inflation is true but not totally true. part of main reason for need of high interest rate is bond investors are aware of the high debt 36.4t and increasing. if left uncheck to balance spending it will spiral out of control. more and more usd will be needed to pay interest now over 1t. higher interest rate to entice investor to buy usd bond for the increasigng risk.
so once the gov spending balance. the interest rate will fall. fed will other way for reasons to reduce rate.

the world need new consumer who has spending power as us is almost bankrupt. wealth beginning to become 1 sided. taxing rich people there will make rich move away from us.

potential big spender is china but it will take time as habit of saving will always be there. until maybe 3rd generation rich. chinese gov need to create spending by giving free voucher to encouraging spending. not free money that will be saved. create the motion is the first step to increase. once it is social norm to spend people will . more new products needed.

[Scythian]

"Trump's tariffs are a $2.25 trillion gamble with the economy and prices"
https://www.9news.com.au/world/donald-tr...d%20prices

[Scythian]

https://youtu.be/cDbsikq5cLo?si=64l6teUJiRt5Cc3K

[Alice Alicia]

Trump doesn't even know where is SG by now, let alone who is PM Lee. 😆

[Scythian]

Trump doesn't even know where is SG by now, let alone who is PM Lee. 😆

Too noisy until Biden slamming the doors and talk & talk until Xi not inviting him to OBOR

Not funny