Was chatting with an investment advisor yesterday and they said that some of the large (international) funds they dealt with were busy moving holdings across to China, Taiwan, Korea, Vietnam from the US.
Nice insider news!!
That means they are afraid of their assets being frozen. Correct assumption?
If the assumption above is correct, why are they afraid of their assets being frozen?
As far as I'm concerned the only Trump's ally is Russia and perhaps Belarus.
Both have dropped the west, not just United States but also Europe, Australia, and everything western. Russian Federation is turned towards East and BRICS -- South America, Africa, India, Asia. Russia is not going to be partners with Europe again, there won't be gas sales (Turkish stream is going to be closed eventually), there won't be any trade. Frankly if Europe wants to deal with China, Russia is not going to be transit country for it.
So it's a wrong assumption on your part
@pope that Trump is allies with Russia and Belarus. Lavrov said it best, let me quote him "I would caution against viewing the current state of Russian-American dialogue as something out of the ordinary, it is simply a return to normal diplomatic contacts."
There, they are not allies, they just returning to normal diplomatic contacts.
Was the goal to harm US allies?
Target is China. Everything is against Chinese economy. Some smart people did calculations on tariffs, when and if tariffs are fully functional, they won't be able to pay fully even for interest on U.S. foreign debt. Thus, Trump's narrative about making America rich is kind of debunked in the math. Numbers don't add up. It's a redistribution of wealth, China is going to give up a lot of manufacturing business, instead of China stuff is going to be manufactured elsewhere.
Meanwhile, people like you and me won't be able to purchase Jakemy screw driver from aliexpress for $1.24 delivered. We'd be buying similar screw driver from homedepot for $25.
Frankly, you live in Australia, so this might be good news for you, since some jobs no doubt will be created in Australia.