Thursday, June 14, 2018

And for another point of view on the Singapore Summit

Hot take on the summit from blog SingaporeUncensored:

1. The US can’t pay because a nuclear yet cash-poor North Korea sees it as insulting:…/776055ce-9745-439e-9ee4-c0…
2. The US hinted to Singapore to pay, source: Singapore defense minister quoted in WaPo link above. This is key because it means US “owes” us a favor even if it’s just a small logistical detail.
3. Safeguarding Singapore’s FTA (Free Trade Agreement) partner status with an infamously anti-free-trade Trump: priceless. Trump just left all his G7 “allies” in Canada threatening a trade war. Last thing Singapore should do is stay on the sidelines and wait for Trump to call us out for “unfair” trade deals. Singapore has to step up and be counted. Paying $20M helps? Imagine how many more jobs or companies may suffer if trade margins get jeopardized.
Trump dumped Singapore and Malaysia under the bus when he abandoned the Trans-Pacific Partnership just when they thought they were getting a chance to become less cornered by Chinese expansion and forced into it, and the Singapore government, slavish and colonized as ever, is hoping to placate crazy Trump with friendly gestures. Business losses, I'm hearing, went well beyond the government's outlay as security closed down the whole of the downtown area from the Shangri-La Hotel where Trump was staying to the artificial island of Sentosa where Kim stayed and the summit was held.

Online Singapore, which is getting tougher and tougher, is not impressed. Things are happening in Southeast Asia, I haven't written anything about the astonishing events in Malaysia yet, and elsewhere.

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