PETALING JAYA: PKR lawmaker Wong Chen has claimed that there are several things Malaysians could expect after President-elect Donald Trump takes over the United States (US) administration in January.
Firstly, he believes that Malaysia will strengthen relations with China even further since Trump will most likely reduce focus on foreign policy as he looks to rebuilding America.
“He appears to believe in protectionist policies to “make America great again”. This means a bigger focus on building American industries and increasing the job market in the US.
“I think he will also be anti-bankers and will put a stop to global free trade, and this could spell trade turmoil. He is also unlikely to print more money,” he said in a statement issued today.
Wong, who is the head of economic and trade policies for his party, also said that Malaysia will likely “dodge” the controversial Trans-Pacific Partnership Agreement (TPPA) after all.
International Trade and Industry Minister Mustapa Mohamed was reported to have said in March that the trade pact involving 12 countries will likely end if Donald Trump became the next US president.
Wong also claimed that unlike current US President Barack Obama, Trump will not be so friendly towards Prime Minister Najib Razak and this might translate to more aggressive positions taken up by the US Department of Justice.
“In the short term, our economy will take a beating as global markets are set to continue falling,” Wong said.
The Kelana Jaya MP said that in order to weather the storm, Malaysia needed to promote and strengthen a more progressive and social market economic system.
He said that this was important in order to create a foundation where the rise of right-wing governments could be challenged.
“We must not have a second Trump come to power. The left must break away from the undue influence of corporations. No more Clintons, Obamas or Tony Blairs. We need more Sanders and Corbyns.
“We need Elizabeth Warren to step up. We must seek out better leaders who are not tainted by money politics,” Wong said referring to a left-wing US lawmaker with the Democratic party who had supported Bernie Sanders in his race for the presidential nomination against Hillary Clinton.
He pointed out that the “anti-establishment wave” also meant that voters were looking at candidates instead of party affiliations. This was a result of voters getting their news from social media.
“Trump’s victory signals this trend. The bottomline is that we must learn from Trump’s victory to prevent another Trump from coming into power. In the meantime, we will have to brace for a wild roller-coaster ride.”