President Trump is in Vietnam, his fourth country on his whirlwind Asia tour to promote trade and global safety. There is unanimous agreement on the latter, particularly when it comes to the increasing menacing threat of North Korea. But tough talk will have to be followed with tough negotiations to tilt the trade balance back toward America.
The four nations visited thus far have a collective $475 billion trade deficit with the United States, which has helped them bring millions of their citizens into the global middle class. That global move became parabolic after China was admitted into the World Trade Organization in 2001.
Those additional members of the global middle-class drive demand for American products and now create a quandary. It’s now estimated the global middle class outside North America will grow exponentially with Asia Pacific up 150% from 2015 to 2030 while North America is expected to increase less than 6.0%.
The markets are down as investors continue to assess the Senate’s tax reform proposal and concerns mount on whether the GOP will be able to get a bill passed. On the S&P, the Energy, Health Care and Utility sectors are lagging. Decliners are leading advancers 1581/1264 on the NYSE. However, on the Nasdaq, which is
Have a great weekend.
|The differences between the Senate and House bills are not that far apart as the media will have you believe. The only real stupid aspect of the Senate bill is deferring till 2019 the 20% corporate rate. It made me ask the question? Is the senate actually trying to commit suicide for the 2018 mid term election? Also nobody is talking about the upper middle-class marriage penalty. It was so obvious that in the house version 200k * 2 does not equal 260k.|
Ken Knight on 11/10/2017 2:15:13 PM
|It is never too late. This is especially true when you consider that the USA is the 2 ton elephant in the world economy. The USA has the influence to demand to be listened to. As long as we are willing to work for a reasonable solution, we will accomplish that end.|
Obama was not able to do anything for the USA in world trade because he has overwhelming ignorance regarding business, he is a socialist who promotes untenable economic policy, he is a radical in all policies who does not know the meaning of the word compromise nor the value of win-win proposals, and he has repeatedly proven to other world leaders that he is a liar who cannot be trusted. Trump has none of those shortcomings. He knows business and how to reach win-win solutions, he is forthright in his dealings, and he ascribes to economics which actually work in the real world. This is his forte. China has much to lose, but will negotiate well. Look for a deal which will benefit both countries and provide the world with much greater economic stability and equity.
Bob G on 11/10/2017 2:59:03 PM
|It is time to find some business or businesses that can be done with N Korea|
Michael King on 11/11/2017 8:43:54 PM
|They need help in every area although there is an underground economy that's growing rapidly...China stands in the way of economic diplomacy which is different than paying ransom. CP|
Charles Payne on 11/12/2017 10:14:52 AM
|Multilateralism for decades since GATT in '94 has decimated US dominance in manufacturing and related OEM's ...exactly why US wisely withdrew from TPP. |
Many allies, like UK however of late seem schizophrenic equivocating over Brexit and going all in on TPP rather than wait for more beneficial bi-lateral trade treaty with us....America takes note of our own similarly predisposed lot, quietly wanting to maintain globalist insanity while feeding public pablum saying sovereignty depends upon bilateral trade relationships🤣
Timothy Bair on 11/14/2017 3:32:31 PM
|NO, Asia has what we wanted 20-30 years ago. Charge and debit cards and everything that goes with it. That power of consumption is normal and predicable when the y have the right circumstances. Take Paypal for ex: In China it's Glnnf and at $2.54 a share will be going nowhere but up.|
johnnie smith on 11/24/2017 1:50:43 AM
|I do not think it is too late. We have to keep trying|
Also, thanks, Charles, I really appreciate watching your program
on Fox Business.
PAMELA CHING on 12/4/2017 6:50:15 PM
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