George Soros: Trump’s trade war? It will fail.

Many of my friends love Barrack Obama. It’s not important to understand why. Everyone should have their own preference. Just remember to know the reasons why instead of following anyone or group. Many of my friends do not think Donald Trump would be an amazing President of America. Well, he has really affected the ringgit tremendously. He has also made China angry. He intends to ENSURE all the jobs which has been outsourced to countries outside the U.S. comes back to the U.S. The last one should be good news for America’s unemployment rate. Currently, it is hovering at around 4.7%. One more famous person has spoken. A supporter of Hillary Clinton who lost to Trump many weeks ago. Mr. George Soros said the following in this week’s World Economic Forum in Davos. Strong words, by the way. The full article in TheGuardian is here. 

Mr Soros said the following:

1) Donald Trump is a “would-be dictator” who is “going to fail.”

2) (Donald Trump is) “impostor and con-man” was “gearing up for a trade war” which would have “a very far-reaching effect in Europe and other parts of the world”.

3) “I personally have confidence that he’s going to fail … because his ideas that guide him are inherently self-contradictory.”

Lastly, Mr. Soros said he expected financial markets to “not do very well” because of the uncertainty generated by the Trump administration.

In brief, we are going to expect lots of uncertainty from President Trump’s policies, which has yet to actually start. What did he pledge to do? Here’s the article from ABCnews. A few of them include: Biggest tax cut since President Ronald Reagan. (In brief, the people would have lots to spend which should be good for the domestic economy) Withdraw from the Trans-Pacific Partnership Agreement (TPPA) which Malaysia is a part of. He will take actions against China’s currency manipulation. He will also “terminate every single unconstitutional executive order signed by President Obama.” (Does this mean everything Obama did was wrong in the eyes of Trump?) Keep following. Trump will be here as the President of the U.S. till 20th January 2021.

written on 20 jan 2017

Next suggested article:  Property market will be worse with Trump’s win?

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