Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Crash boom bang. Trump wanted to flex his muscles and thought that other countries will "bow" to his demand. I hope more countries to retaliate back :) KLCI has to go down too especially the blue chips and banking stocks.
Trump wanted Xi to meet him in US and Xi couldn't be bothered with Trump's rhetorics. Xi did not attend Trump's inauguration. So, it will only cool down when these two meet face to face. Trump travel to China or Xi travel to US; stakes are high now.
Possible. But if history were to repeat, we should expect crash boom bang down the road. One similar event in the US history was 10% tax hike back in 1968 by the president back then Lyndon B. And US growth slowed down starting 1969 until the bottom in Jun 1970. One may argue that there's Vietnam war but it was the tax hike that started the economic deceleration. So, 25% steel tariffs, 25% automotive tariffs followed by baseline 10% tariffs and higher reciprocal tariffs for individual countries at the back of AI bubble bursting and overvalued US stocks will speed up the economic deceleration. May not take 1.5 years to see the bottom like 1968 tax hike.
yeah. this round is bigger and Trump wanted all countries to negotiate with him. Haha. Smaller countries may give in. Waiting for Japan, Korea and Europe's response.
That's true. So, the way it works is to increase imports from US in order to reduce the reciprocal tariffs based on how the number is computed; trade deficit. But to do so, there is a need for consumption/demand in the smaller country itself. Maybe agriculture products or lower taxes for US MNCs operating in these smaller countries.
Europe's first response / strike back should be announced in the evening today. Another round of sell down for KLCI blue chip and banking stocks tomorrow :)
I am telling you, these countries are calling us up, kissing my ass," Trump told a Republican event on Tuesday in Washington.
"They are dying to make a deal. ’Please, please sir, make a deal. I’ll do anything, I’ll do anything sir,’" Trump said mockingly imitating a foreign leader.
Chill, Eric. That how desperate Trump is to get Xi's attention :) there is no reason for Xi to entertain Trump's rhetorics. Just look at his response after China hit back with 34% on all US products. He increased the tariffs on China products to 104% and that's how vulnerable Trump is - agriculture products / the farmers that supported him :) from a structural position, US consumers will be the victim bcos of his rhetorics. So, China need not now to his demand :)
Chill chill just can't imagine a high profile figure would say such a thing publicly haha. by the way Xi Jin ping is paying us a visit next week. Starts to channel their excessive goods to us soon?
Not so much on imports dumping, Eric. Malaysia and China has good bilateral relationships from trading perspectives. China imports more from Malaysia than exports to Malaysia. Click on Malaysia and you can then see imports/exports to Malaysia. https://tradingeconomics.com/china/imports-by-country
It's not China/reciprocal tariffs if there is a change to imports/exports between MY and China. China's self sufficiency strategies resulted from Made in China 2025 to the lesson learned from first trade war made it ever ready to cushion the impact from global supply chain shock. MY has to be competitive and step up it's self sufficiency strategies.
