Home Views Commentary

The US elections and Asia: Don’t kid yourselves — it’ll be worse than you think

Manu Bhaskaran
Manu Bhaskaran11/28/2016 02:20 PM GMT+08  • 10 min read
The US elections and Asia: Don’t kid yourselves — it’ll be worse than you think
Now that financial markets have gotten over their initial shock, a more optimistic take on the unexpected election of Donald Trump as the US president is gaining currency. The argument is that the damage he might do will be less than his rhetoric suggeste
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Now that financial markets have gotten over their initial shock, a more optimistic take on the unexpected election of Donald Trump as the US president is gaining currency. The argument is that the damage he might do will be less than his rhetoric suggested because: (a) Once he is in power, he will tone down his professed policies and become more pragmatic; (b) He will surround himself with competent officials who will craft sensible policies; (c) The US political system of divided government will check and balance him. We disagree. The election of Trump will pose immense risks for Asia.

Checks and balances won’t be enough to prevent policies detrimental to Asia

First, he may well walk away from some of the policy suggestions that are unworkable such as building a wall on the Mexican border and getting Mexico to pay for it. But, armed with what will seem to him as a clear and strong mandate from the people, he will feel empowered to carry out enough of his controversial policies to create some disruption, however gracious and statesmanlike his victory speech was.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.