Asia, the world's economic engine, prepares for Trump shock

The shock won't hurt much to China or Asian countries, that shock only hurting the U.S. because the majority in this world outside the 52 states will trust the American credibility any anymore !

Actually the world should take the lesson of JCPOA signed by the Iranians in 2015, the Americans can torn any international treaty or agreements even written by ink on papers and witness by multiple countries!

elephant200Today 05:01 pm JST

The shock won't hurt much to China or Asian countries, that shock only hurting the U.S. because the majority in this world outside the 52 states will trust the American credibility any anymore !

Nobody trusts the Chinese further than they can throw them either.

Actually the world should take the lesson of JCPOA signed by the Iranians in 2015, the Americans can torn any international treaty or agreements even written by ink on papers and witness by multiple countries!

Ending the JCPOA and opening up russian and Chinese investment in Iran is the best thing to happen to that country.

Trump's trade war against China was beneficial to some extent to some Asian nations since businesses shifted their factories to those nations.

Those countries which rely mainly on exports to the US for their growth will feel the heat.

A trade war would be dangerous for India

This is totally incorrect.

India will benefit more if Trump slaps further punitive tariffs on China. Also, India does not really export a lot of finished goods to the US.

The top nations which exported goods to the US were China, Mexico, Canada, Japan and Germany. India was at number 9 behind China, Japan, South Korea, Vietnam and Taiwan.

https://www.statista.com/statistics/186601/ranking-of-the-largest-trading-partners-for-us-imports/

Further, India's growth does not rely on exports to the US but more on its own domestic demand. Even if Trump goes specifically after India, India can give preferential market access to the US and promise to balance trade.

There is no reason why India being the 3rd largest car market and the largest bike market in the world should not be buying Ford, Chevrolet and Harley Davidson. The car market is dominated by Suzuki and Hyundai and the bike market is fragmented. American companies are missing, inspite of the fact that Ford pioneered the dominant compact SUV segment in India, it could not compete against Suzuki and Hyundai and made an exit.

India should give preferential market access to American firms and increase taxes on non-American firms doing business in India, and Trump will be happy.

But whether it is low-end or high-tech production, China's competitive advantage in terms of price, scale and quality is difficult to reproduce, warns Nomura bank.

That's right, the prediction by the professionals were correct and accurate. The Trump administration will causing huge decline if America's power both domestic and internationally. But you cannot talk with them rationally because the entire country has been overwhelmed by madness!

Most Japanese products actually made in Vietnam, Cambodia, Thailand nowadays,so no problem.

That certainly is an interesting theory you have there as China remains the largest trading partner of Japan.

Most Japanese products actually made in Vietnam, Cambodia, Thailand nowadays,so no problem.

Also many of those factories in Southeast Asia were built with Chinese capital.

Trump, who won a crushing presidential victory this week, 

why yes he did.

Time to level the playing field.

I can imagine walking into a Walmart in the US someday soon and looking at row upon row of empty shelves.

Trump promised America First, LET US HOPE HE DELIVERS.

NCIS RerunsToday  07:08 pm JST

I can imagine walking into a Walmart in the US someday soon and looking at row upon row of empty shelves.

thats one option because american companies don’t make those things anymore or are even more expensive. the other is customers grumbling about how expensive everything is.

how come prices went up on car parts, appliances, everything in my kitchen, furniture, clothes, shoes, tv’s, electronics, tools, building materials? duh.

american companies went to china to get everything cheaper to make more money. i’m sure those companies will be saying, hey, let’s build a factory in the u.s. and pay people $10 per day so we can compete with ourselves with what we get from china now…

yeah, right.

there’s a price to pay for stupidity and incompetence, so americans better get ready.

The MAGAts in their trailers won't care if their grocery bills treble, as the few weeks of post-election lib owning would have made it all worthwhile.

We don’t want our stuff made in China. We never did. Corporations forced that upon us.

We cannot trust them and we have the right to choose who we do business with and most of us prefer it being other Asian countries or bringing it back to the USA and Japan.

Most of us could not really care less about the rest of Asia. But Japan - most likely - will do very well out of a Trump Presidency and the 60% tariffs on Chinese goods.

Japanese made tech that was previously pricey in the US compared to Chinese made stuff will become reasonable. Plus there is the reality in the US of Japanese quality compared to Chinese made.

Furthermore, Japan, being the most important ally for the US in Asia, will highly likely negotiate exemptions in many industries for the mooted 10-20% tariffs.

Japan should do quite nicely with the Trump admin, if the government negotiates well.

Once upon a time the U.S. was a manufacturing Economy, now it is a consumers Economy , why??? because corrupt politicians allowed everyone else to buy U.S. factories, learn the tech. then bankrupt it and move it to Asia including China.

Now America is no longer making any of these goods because it can't compete in an open market economy, the time has come for America to end this economic massacre and stop these cheap imports from destroying it's economy, raising import tax is one option then use these funds to rebuild domestic manufacturing so they can compete .

We don’t want our stuff made in China. We never did. Corporations forced that upon us.

There was a time we had a choice and we voted with our wallets. We bought the cheapest stuff that was made in China. The funny party is, the companies now know we will pay the same price for stuff made in China as we used to pay for domestically made products, and that my friend, is the story of “Made in China”.

You want domestically made stuff, you can find it but you have to pay for it.

Unfortunately, any tariffs imposed on China will ultimately be paid by U.S. importers. And you know if China retaliates in such a war who will get hurt? American farmers. Whatever money or profits gotten from Trump's so-called tariffs will most likely go to bailouts for farmers who will incur billions of dollars in losses. But I'm sure he'll spin it so that it'll look like he's making U.S. farmers rich by "giving" them money.

raising import tax is one option then use these funds to rebuild domestic manufacturing so they can compete

no companies repatriated manufacturing after the 25% hike in 2018. they just raised prices, in case you didn't notice...

it's just another tax that gets passed on to the final buyer.

everyone is going to get nothing but higher inflation.

vote for a lie, that's what you get.

Once upon a time the U.S. was a manufacturing Economy, now it is a consumers Economy , 

Actually it's mostly a service economy. With people working for Uber Eats, delivering Amazon packages and collecting highway tolls.

The horse is out of the barn @WoodyLee

The USA GDP grows fat on the back of financial advisors, tax accountants, lawyers and lobbyists.

Which moron writes this ? The USA is the world’s engine. Fullstop.

Far East is falling of a cliff.

Projected Real GDP growth 2024, IMF Data

USA 2.8%

India 7.0%

China 4.8%

Indonesia 5.0%

Vietnam 6.1%

Which moron writes this ? The USA is the world’s engine. Fullstop. 

Far East is falling of a cliff.

France and UK are 1.1%. Germany is stagnant.

NCIS RerunsNov. 10 11:15 pm JST

Once upon a time the U.S. was a manufacturing Economy, now it is a consumers Economy , 

Actually it's mostly a service economy. With people working for Uber Eats, delivering Amazon packages and collecting highway tolls.

That's not what a service economy is about. The US wouldn't have the highest gdp per capita in the G7 otherwise.

An incompetent, corrupt, narcissistic felon......what's not to like? It's not as if the fate of the world was at stake.

Apple is made in China, so how does that work?