Premier Prayut: Steps taken to handle fallout from Trump election
PRIME Minister Prayut Chan-o-cha said today that the government has made preparations to handle any impact from the election of Donald Trump as the new President of the United States, Thai News Agency said.
He added that the personally believes that the various measures which will be implemented will be able to handle the situation but clarity on the policies of the new US leader is first needed.
The Premier urged people, particularly exporters, to not panic especially about exports because Thailand does not trade with only US.
Meanwhile CNN reported that Americans protesting Donald Trump’s victory in the presidential election took to the streets for a second night of demonstrations and vigils in several US cities.
Rallies heated up in Portland, Oregon, where police publicly declared a “riot” due to “extensive criminal and dangerous behavior” and are calling the protest “unlawful” in tweets on the police department’s Twitter page.
“After several orders to disperse, police have used less lethal munitions to effect arrests and move the crowd,” another tweet added.
Police tweeted that projectiles had been thrown at officers, and cars had been damaged.
Protests and marches continued in other US cities including Los Angeles, Philadelphia, Denver, Minneapolis, Baltimore, Dallas and Oakland, California.
Trump took to Twitter to call the demonstrations that first developed on Wednesday “very unfair.”
“Just had a very open and successful presidential election. Now professional protesters, incited by the media, are protesting. Very unfair!” the President-elect said.
The mood in the streets where protesters marched was as varied as the locations.
Most of the demonstrations were peaceful, if not tense and somber.
However CNBC reported that despite weakness in some of Wall Street’s favorite tech names, traders are hoping to see the Trump rally push the S&P 500 to new highs fairly soon.
The Dow surged to a record high on Thursday as investors bet that a Trump presidency might create the economic spark that has been missing in the years of low growth following the financial crisis.
For markets on Friday, it is fairly quiet and the action in stocks might be the story. The Dow is up more than 5 percent already for the week, the S&P 500 is 4 percent higher, but the Russell 2000 is up more than 7 percent. Nasdaq lags with a 3 percent gain.
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Top: Prime Minister Prayut Chan-o-cha said today that steps have been prepared to handle any impact from the election of Donald Trump as the new president of United States. Photo: Thai News Agency
Inset: Demonstrators flood the 101 freeway as they protest against President-elect Donald Trump in Los Angeles on Thursday November 10. Photo: CNN
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