Wednesday, December 7, 2016

American economy. Trump boasts, the business community alarmed – West-France

The president-elect, american Donald Trump has touted this on Tuesday during a meeting of a quasi-election campaign, the economic effect of his mere election to the White House after the announcement of a massive investment and surprise came from Asia. That said, concerns are growing in business circles, as americans, confused by the multiple announcements of the president-elect Donald Trump, even if some sectors expect to take advantage of his arrival to the White House.

” You’ve seen what happens the last two weeks, and yet, it is not even still in office ! “ has launched Donald Trump to thousands of supporters in a large hall in Fayetteville, North Carolina, the second leg of his tour of thanks, committed last week.

The republican, 70 years of age was elected four weeks ago exactly.

$ 50 billion investment in the United States

Donald Trump had announced a few hours earlier, the president and CEO of the giant japanese telecommunications SoftBank, Masayoshi Son, was ” agreement “ to invest $ 50 billion in the United States, with 50,000 jobs to the key according to him, in the young shoots of the high-tech sector.

The billionaire japanese was at the Trump Tower for this announcement to the contours still unclear. Foxconn, a major subcontractor, the taiwanese Apple, is apparently a co-investor, according to a sheet of paper aloft by the Japanese, who in an interview with the Wall Street Journal explained that the money would come from a technology fund created in conjunction with the sovereign wealth fund of saudi arabia.

Despite the lack of details, the action of SoftBank Group has jumped from 5% at the open of the Tokyo stock Exchange Wednesday.

” We defeat the enemy on the job “

anyway, the supporters of the republican saw in this announcement a first result of the method Trump.

As in the campaign, the 45th president of the United States, succeeding to Barack Obama on 20 January, has relished the adulation of his supporters, dressed in T-shirts and caps to his name. Thousands of seats remained empty, and the general atmosphere was less electric than during the last visit of the candidate here-even in August.

” We defeat the enemy on the job “, said Donald Trump in a speech of 36 minutes, after it has once again denounced the trade policy of China and the relocation industry. “ This must be like a war for us “.

” rabid “

The meeting of Fayetteville, near the large military base of Fort Bragg, was also the occasion for the president-elect to present flesh and bone, general James Mattis, nicknamed ” rabid “, and to whom he wants to entrust the huge department of Defense.

But the Congress must first vote for an exemption to a law that prohibits the military to lead the Pentagon in the seven years following their retirement; however, general Mattis was given his uniform in 2013, and democrats refuse to make an exception.

” Oh, if he does not receive his exemption, there will be a lot of people not happy “, was threatened by Donald Trump.

But while promising a raise extraordinary military expenditures, he adopted a posture less-interventionist approach, citing the need to ” make new friends “, a wink possible in Moscow.

” This destructive cycle of interventions and chaos must finally be complete “, he launched after lamenting the cost of american intervention in the Middle East.

Trump still Trump

Since his election, Donald Trump has announced that it has pushed the u.s. manufacturer of air-conditioners Carrier to waive to relocate one of its plants in Mexico, and he has threatened on Tuesday Boeing to cancel the order for new presidential planes Air Force One, considered as too expensive.

His supporters applaud, happy to see that their candidate has evolved into the skin of the president without having denied his side iconoclastic.

” It can be a great leader, he has already proved since a week “, welcomed Maria Moore, aged 37 years, the mother at home.

After Carrier, ” today it was the chinese bank Sunbank, 50,000 jobs, that’s great “, welcomes Joann Chylinski, sixty, confusing some of the details.

” It is a shame “

But a few tens of kilometres, in North Carolina, this tour thank you did nothing to heal the wounds of the country.

” It is for the sake of his ego “, says a banker with the retirement, Steve Plummer, Lillington. “ He pretends to want to pull the country together “, said this democrat piqued. “ It is a shame, because it is the cause of divisions.

On the form, Donald Trump has not changed his communication habits, continuing to tweet actively. And on the bottom, in many cases, it continues to cultivate the ambiguity, refusing to show his cards before negotiations with the Congress and its future international partners.

” The scenario of what we do is not written yet “, he said, shortly before the end of his meeting.

business americans confused

concerns are growing in the business community americans confused by the numerous announcements of the president-elect Donald Trump, even if some sectors expect to take advantage of his arrival to the White House.

” I’m a little worried about facing a certain kind of rhetoric – “, said on Tuesday Doug Oberhelman, the CEO of the industrial group, Caterpillar (construction vehicles, and derivatives), who is also chairman of the lobby of large companies in the u.s. Business Roundtable.

This statement sums up the growing sense in the contexts of american business, even if the promises of Mr. Trump to lower the taxes of companies and the appointment of his economic team of prominent individuals from the private sector are welcomed.

But the Chamber of commerce and some major bosses have more and more difficulty to hide their fears in front of the threats of protectionism raised by Donald Trump, who may, according to them, cause a trade war with important partners such as China and Mexico.

A tax of 35%

” Anyone who is interested in the recent campaign and the results of the elections knows that one of the most important themes was the concern about the freedom and fairness of the trade “, has recently recalled Dennis Muilenburg, CEO of Boeing (aeronautics and aerospace), the last target date of Donald Trump.

one of The fears is to see Donald Trump setting up its threat to impose a tax of 35%, in respect of customs duties, on the importation into the United States from products manufactured abroad by american companies.

such A measure, in turn, could trigger a trade war, with the imposition of taxes equivalent to by the trading partners of Washington. It could also affect large us exporters such as Caterpillar, which employs thousands of people in its factories in the american Midwest. The group exports up to 80 per cent of goods manufactured in the United States, ahead of Mr. Oberhelman.


” there are a lot of jobs and the production of our company and our country that depend on “ trade, has warned the leader. ” So I am concerned if there are any reprisals as a result of the imposition of tariffs of up to 35% or to any other unilateral action taken against a trading partner “, he said.

” I think the best is to have a positive engagement between the administration, the business community and the foreign countries to determine how we can all be winners “, said Mr Oberhelman.

according To the lobby Business Roundtable, a large number of bosses planning to reduce significantly their investments in the United States if the inflammatory rhetoric of Mr. Trump vis-à-vis trading partners and multinational companies in the united states are translated into concrete actions.

Only 35% of the 142 heads of member companies of this organization have increased their investments in the fourth quarter, a decrease of 3% compared to the third quarter.

Threats and incentives

Since his election, Donald Trump has already attacked from the front the american companies Ford (automotive) and United Technologies (air conditioning, elevators, aerospace, security systems). He has got to them, mixing threats and incentives, to keep jobs in the United States rather than to relocate abroad, especially to Mexico.

A sector, the bank, however seems to be pampered. After having appointed two of its representatives, Steven Mnuchin and Wilbur Ross, respectively, of the Treasury and Commerce, the president-elect has promised to loosen the banking regulations.

This promise ignited the actions of the banks in the Stock market since his election. Goldman Sachs has gained 26% in less than a month, while JPMorgan Chase has seen its market value grow by 19%.

” The action is doing well since the election and this is due to a hope “, finds that Jamie Dimon, CEO of JPMorgan Chase. It is to see ” the administration Trump free businesses, improve growth, enabling banks to lend and that they in turn benefit from the higher interest rates, strong economic activity and less regulation “, has enumerated the banker, adding, however: ” let’s Hope that this is going to check “.


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