I don't know much about politics (I am more interested in economics though) but I did follow the US election results and the aftermath as politics and economics are very closely linked. During the election, one issue that catches my attention is this:
Trump claims that countries such as Singapore, China, India and
Mexico are stealing jobs from Americans, and vowed to stop the
Trans-Pacific Partnership (TPP).
"America has lost 70,000 factories since China entered the World
Trade Organisation, another Bill and Hillary-backed disaster," he told
supporters in Florida, reported the Press Trust of India. "We are living
through the greatest jobs theft in the history of the world."
Mr Trump said Goodrich Lighting Systems laid off 255 workers and
moved jobs to India, while Baxter Health Care Corporation laid off 199
workers and moved its jobs to Singapore. "It's getting worse and worse
and worse," he said.
A Trump administration, he said, would impose a 35 per cent tax on
any US company that wants to fire its workers and move to another
country, and then shift its product back into the United States.
He also said he would immediately stop the "job-killing" TPP, calling it another disaster in the making.
If that is the case, it would not be good for countries who want to attract foreign investment.
Or maybe it could be a double-edged sword?
Recognising that tensions regarding the lack of jobs are high among
Americans, he played his cards right, promising to protect their jobs
and reign in companies, should he be elected.
However, someone made a comment that it was automation that caused jobs loss in US.
I think the Americans will keep their fingers crossed to see whether Trump will fulfill his promises.