MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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quote:
ORIGINAL: Greta75 http://www.todayonline.com/singapore/pm-lee-trump-witness-sia-boeing-deal-spore-and-us-reaffirm-economic-ties-robust I just want to say. This is what Trump wants. Countries that benefit America! If he can convince more countries doing this for the US, they can possibly get their debt lowered faster! And I keep saying that many Asians will pay the Premium required for Made In the USA products. I feel previous Presidents were not cashing on manufacturing to sell to Asia. Just look at how good US products are doing in my country. In a vivid example of Singapore's sizeable investments in the United States despite being a small country of 5.5 million people, national carrier Singapore Airlines (SIA) will buy 39 new aircraft from Boeing in a US$13.8 billion (S$18.7 billion) deal that will create 70,000 jobs in America. Mr Lee, on his part, noted that the deal was a “win-win for both sides”, and said: “It will further modernise SIA’s fleet, and support many American jobs.” In his remarks from the White House, the Prime Minister noted that the Republic is the second largest Asian investor in the US, with over US$70 billion in stock investments. Total trade in goods and services between both countries amounted to more than US$68 billion last year, with the US consistently running a trade surplus with Singapore. This surplus in favour of the US stood at over US$18 billion in 2016. Noting that America exports over US$43 billion of goods and services annually to the Republic, Mr Lee said: “On a per capita basis, every Singaporean is buying US$7,500 worth of American goods and services yearly – from iPhones and pharmaceutical products, to tyres and golf clubs, to financial and consultancy." At the same time, the US is the top source of foreign direct investment (FDI) in Singapore, with investment stock worth US$259 billion in 2016. Among Asian countries, Singapore is also the largest Asian recipient of FDI from the US. The Republic is one of the US’ closest partners in Asia, and there are frequent exchanges at the highest levels. This is Mr Lee's second visit to the US in just over a year. You will keep us up to date on the creation of those 70,000 (new jobs you imply) from this deal. I highly doubt anywhere near that number will be net new jobs from this deal.
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You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great Under capitalism, man exploits man. Under communism, it's just the opposite. J K Galbraith
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