Fashion
The burgeoning US-China trade tensions will calm down sooner or later, despite the additional tariffs counterattack between the world’s two largest economies, according to the US leading strategic consultant David Morey.
“I think the trade war is going to calm down, but as to when it will happen, it is hard to tell as our President (Donald Trump) is rather unpredictable,” Morey said at a press conference in conjunction with the Malaysia Retail Chain Association’s (MRCA) CEO Night recently.
“But my guess is that we are going to have some change, because the US-China relationship is too important (for them) to be yelling at each other,” he added.
Morey also opined that the North Korea’s nuclear weaponry issue would have not been solved if not because of the cooperation between the two big economies.
“And it better calm down because we need to get to more serious trade issues,” Morey said.
Meanwhile, commenting on the challenges faced by the local companies to reach to the giant companies level, Morey said these companies need to deal with the anti-corruption, bureaucratic, as well as the status quo issues, which takes every government or organisations around the world.
“Bureaucracy has no political label, it seems to enjoy every political system and you gotta fight that. You gotta fight people that are looking out for their own interest versus the people.
“But I sort of look at the glass half full when it comes to Malaysia. Sure you have a lot of challenges ahead, but you have made a lot of progress along with Singapore and Korea.
“I’m not saying everything is perfect in Malaysia, but there is a hunger that the Malaysians have. We can’t give people that hunger but you have it as a nation. People want to get better, they want to learn, they value education for their kids, and not all countries have that same hunger that you have,” Morey said.
Asked on the challenges faced by the new Malaysian government, Morey said he opined that the challenge for Prime Minister Tun Dr Mahathir Mohamad is the obstacle that every change leader faces in staying relevant.
“He won by being a change candidate, now can he continue to be the change leader as he was for so many years and decades? That’s the question.
“And there’s the difference between campaigning and governing. Governing is a lot harder today but I wish him luck. I think he’s doing a lot of right things and we’re all worried about the geopolitical change that’s happening. We are in a dangerous complicated world so we need great leadership,” he added.
