Singapore PM chilling warning regarding Trumps reckless actions

Anagram said:

I know. I mentioned that in my post. It is not a tariff. That’s why the beginning of that link says it applies a zero percent duty on nearly all tariff lines.

The GST applies to local goods and imports. Tariffs are applied to imports only.

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Fair point I must have missed that my first read through.

Perhaps they are back dooring products for China. I know that's what the tariffs are based on for Canada and Mexico and also the surplus the Canada seems to have.

Sweden said:

Destroying the World Trade Organisation is not "best for the USA" it is the act of an economically illiterate imbecile.

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Trump doesn't want to destroy the WTO. Try not to engage in hyperbole, eh?

dmpi said:

WTO is a system that worked for everyone except the good'ol USA. Of course they want to keep the system going. Free trade never was free trade. Other countries cashed in on the mighty America consumer and his/her propensity to use debt to fund their lifestyles. We have a trillion dollar trade deficit and 12 trillion dollars of consumer debt to show for it. Clearly it's not sustainable. What needs to happen is America needs to once again become a exporter nation, we need to rebuild middle class manufacturing jobs, instead of sending dollars overseas other countries should be buying our products in return for us buying theirs. It's going to be a uphill battle to get there but you got to start somewhere. This is the first step.

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And who the **** do you think is going to buy American products produced with the cost of American wages? I'm not gonna pay $50 more for a toaster made by some fat **** in Kentucky.

Here’s the sad reality: Singaporeans have gotten rich off of “free trade.” Working-class Americans have gotten sodomized, and they’re tired of it.

I wouldn't be surprised if the world writ-large made a determined effort to abandon the US dollar as the global currency.

Mycroft said:

shrug...

It's fine that he would rather rely on the WTO. But the Globalists control the WTO. His country is small enough that the Globalists don't care about Singapore, but the same cannot be said about the US.

Bottom line is that Trump MUST pay attention to what's best for the US...not what's best for Singapore.

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Mycroft, I am amused at the people who don't realize we have a new boss, and that the globalists are no longer in charge. People like Blinken, Obama, Soros and his son Mini-Me who were regulars at the Rainbow House placating and kissing every other country's ass like Neville Chamberlains. Now rich leftists are losing money and paying protesters to get Trump to fold. This is all for the midterms when they are trying to take back their power. Just like they used Covid and 1-6 before.

Far as I am concerned, we needed a correction. The market was way overbought, and you had people buying on margin again like it was 1929 all over. This correction should allow the fed to lower interest rates as well as cool inflation.

It's extortion.

It has nothing to do with logic or economics.

Sweden said:

Destroying the World Trade Organisation is not "best for the USA" it is the act of an economically illiterate imbecile.

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Each Trump and Musk is a graduate of the Wharton School of Business and Finance at the privately owned and operated University of Pennsylvania in Philadelphia. Wharton is an expensive school for the stupid rich who can't get into a legitimate college or university. Each of 'em transferred in for their final two years of undergrad work and a funny money degree. Different times that's all, same funny money degree.

Wharton School.

For the stupid rich.

I wonder how many MAGAs are grads of Wharton.

Rogue Valley said:

I wouldn't be surprised if the world writ-large made a determined effort to abandon the US dollar as the global currency.

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There's no possibility whatsoever of a single universal global currency and a Global Central Bank for everyone. And certainly not overnight in a crisis.

There's no possibility whatsoever of another national currency succeeding the USD as the prevalent and dominant forex and trade currency, much less suddenly overnight in the global tariff crisis.

The Brics, the Global South, Russia, China and India especially are not going to accept the Euro as either a dominant forex reserve currency or as a dominant currency of trade. Indeed, the dayze of the Europeans as masters of the universe are long since gone.

A new global currency of either or another kind would require a global consensus and a thoroughly thought through plan of implementation done in highly controlled phases. Holders of US debt both foreign and domestic would need time and a program to wean off the USD lest the value of their holdings collapse totally and suddenly. Ten cents on the dollar in any other currency is DOA.

No one should be surprised btw that Trump's Tariffs are defying the laws of gravity. While the USD should be strengthening because of the US imposed tariffs, the dollar is in fact weakening due to the global tariffs chaos. This is in fact what Trump has always wanted because a weakened dollar improves the US current account deficit/imbalance. So while the USD is not taking its expected hit due to the tariffs, other national currencies are taking gas. It only gets worse for 'em if they try to collapse the USD because that would mean the global economy just falls apart. It's not overly dramatic to expect war and wars to grab natural resources.

And with the dollar weakening Trump doesn't have to bomb Jerome Powell out of the Fed Building which is the big marble fortress just around the corner from the WH south lawn. TreasSec Bessen can be found in the WH doghouse btw given he predicted the dollar would strengthen which would ease inflation which now is going to go hog wild. Indeed, the only thing worse than a Washington expert is a MAGA from anywhere.

Ahlevah said:

Here’s the sad reality: Singaporeans have gotten rich off of “free trade.” Working-class Americans have gotten sodomized, and they’re tired of it.

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When in the 1960s Lee Kwan Yew and his people got kicked out of Malaysia to the sleepy jungle island called Singapore Taiwan swooped in to the rescue. That was when Taiwan was called the Portuguese explorers name of Formosa, meaning flower.

The Taiwan Chinese set up the Chinese in Singapore, got 'em on their feet with public infrastructure, a government and an economy. The Masterful Lee Kwan Yew took it from there and Singapore was off and running. One of the late Lee's favorite anecdotes about the Singapore Chinese is that he had to teach 'em you don't just stop and piss against a building because you have to piss. And to stop spitting their spicy food aftertaste.

The Taiwan connection to the United States connected the USA and Singapore and Singapore has not looked back since. The British colony of Hong Kong Chinese with the USA and UK made Singapore a place where global investors got both the red carpet and the Rule of British law to include British English as the people's second language and common tongue used daily. The Chinese native tongue in HKG and Singapore is Cantonese.

Singapore and Taiwan remain bonded profoundly and as brothers, to the point that most of the Singapore Air Force to include its F-35s are stationed on Taiwan where, as Singapore and Taiwan maintain, they have the open space for training that they don't have over the postage stamp airspace of the Singapore City-State. The red in the face CCP in Beijing regularly jump up and down flapping their arms hollering against this. So Singapore just shows up in Beijing with a sack full of USD for the corrupt CCP Bois to distribute among themselves -- in the classic and undying Chinese way of settlements.

Indeed and no matter, by the brotherly commitment of Singapore to Taiwan, the flowery island coveted by the CCP is never alone. For the Chinese, when you name someone outside your family as your "brother," it is a serious and lifetime bond indeed.

dmpi said:

WTO is a system that worked for everyone except the good'ol USA. Of course they want to keep the system going. Free trade never was free trade. Other countries cashed in on the mighty America consumer and his/her propensity to use debt to fund their lifestyles. We have a trillion dollar trade deficit and 12 trillion dollars of consumer debt to show for it. Clearly it's not sustainable. What needs to happen is America needs to once again become a exporter nation, we need to rebuild middle class manufacturing jobs, instead of sending dollars overseas other countries should be buying our products in return for us buying theirs. It's going to be a uphill battle to get there but you got to start somewhere. This is the first step.

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Futile. Ain't gonna happen. You squandered your inheritance and nothing is going to get it back for you.
America was best when it's union membership was highest. Years ago but still in my lifetime, anything an American could want or need was Made in America. Top quality stuff, too- Made in Japan was a euphemism for cheap junk. What happened was southern states passed anti-union 'right to work' laws to attract industry with cheap labour and that move south was just the first stop on the road to Mexican maquiladora zones and then Sri Lankan child-labour sweat-shops.
And you're hoping to put the toothpaste back in the tube? Can't happen.

Mycroft said:

shrug...

It's fine that he would rather rely on the WTO. But the Globalists control the WTO. His country is small enough that the Globalists don't care about Singapore, but the same cannot be said about the US.

Bottom line is that Trump MUST pay attention to what's best for the US...not what's best for Singapore.

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The evil globalists are fault!!! *hears dangerous "white shark musik" in the backround*