China Briefing | How China can take advantage of Donald Trump’s U.S. election win
New president may get tough on trade and the yuan, but with the collapse of the Trans-Pacific Partnership, this could be a blessing in disguise
Alas, first Brexit, now the Trump presidency. The disillusioned voters in the world’s oldest industrialised country and the world’s largest economy have combined to serve a double whammy to the governing self-aggrandising elites and their complacent establishment forces. In particular, as the obviously flustered mainstream Western media highlight the words “stunning” and “shocking” to describe Donald Trump’s triumph to become America’s 45th president, the consensus is that his victory could signal a repudiation of globalism and the prevailing international political and economic order.
As shock waves reverberate across the world, people are trying to make sense of the ascendancy of a real estate mogul turned reality TV celebrity with zero government experience, who is reported to have lied, cheated his contractors and employees, evaded taxes and groped women – and bragged about it.
It is interesting to note that some American mainstream media and pundits – whose views probably alienated middle class Americans – are still pinning the “stunning” development on the so-called less educated “working-class white voters”.
Trump’s potshots at yuan on campaign trail unlikely to escalate into full currency attack, say experts
Internationally, Trump’s rhetoric on intending to put American interests first by withdrawing militarily and economically from overseas and punishing those countries seen as stealing American jobs has unnerved many US allies and foes alike.
