Is Donald Trump’s presidency going up in flames like Trump Tower?
Donald Trump’s presidential journey started out rough and seems set to end rough as well. First, the China-America trade war. Trump’s real motive is not to minimise the trade imbalance, as he said, but to coerce China into opening up its finance markets, protect the supremacy of the US dollar and ultimately to manipulate the Chinese economy.
China cannot take the option of a trade war off the table. In fact, it has prepared for the confrontation and has imposed tariffs on US exports in retaliation to Trump’s tariffs on Chinese goods.
US allies, such as Germany and South Korea, are barely showing support for Trump, while the European Union and Japan have weighed in unconvincingly. Trump does not seem aware that the US is walking a tightrope.
Second, the Russia investigation has reached boiling point, with the FBI raiding the office of Trump’s personal lawyer, and the president lashing out at the “witch-hunt”. The result of the investigation will deeply affect Trump’s presidency.
Finally, we have the scandal over his affair with a porn star.
Last weekend, a fire broke out at Trump Tower in New York City in which one person died. Was that somehow emblematic of Trump’s at-risk presidency?
Randy Lee, Ma On Shan