On May 2, the Reference News Network reported an article titled "The 'Hundred-Day Plan' of 'American CEO' Trump" published by the 'Nikkei Asian Review' on May 1. The author is Kazuaki Fujita, a member of the editorial board. The article is excerpted as follows:

In the field of corporate restructuring and mergers and acquisitions, there is a method called the "100-day plan," which focuses on challenges within the first 100 days and emphasizes taking bold measures that will produce obvious results in the short term.

Trump's second term has passed 100 days. If we regard the United States as a company, then Trump is like a CEO preparing for bold reforms.

Trump believes that the root cause of America's problems lies in trade deficits and fiscal deficits, attempting to achieve immediate results through presidential executive orders. He questions the global trade pattern and wants to force manufacturing back to the American homeland.

For a "reconstruction contractor," it is certainly desirable to see results quickly. Therefore, to achieve this goal: he tries to break the deadlock by imposing significantly higher "reciprocal tariffs" than expected and forcing other countries to accept negotiations; he also forcibly expels illegal immigrants, reduces the number of federal employees, and puts pressure on the Federal Reserve.

However, implementing such a large-scale "surgery" requires certain conditions, such as the economy having the ability to withstand shocks and allowing more people to see what the future holds for the United States and the world.

High tariffs increase the risk of economic downturn, with some American brokers even predicting that the risk of an economic downturn has risen to 60%. It is precisely the concern about the potential higher costs of future fiscal measures and the aversion to pressuring the Federal Reserve that have led to the "triple killing" of stock markets, bond markets, and foreign exchange markets.

People are already beginning to discuss the limitations of the "madman theory." By not letting opponents understand his intentions to force concessions during negotiations, if negotiating counterparts no longer trust Trump, then negotiations will also be unable to continue.

Although Trump boasts that America will usher in a "golden age," the view represented by Daisuke Yajima, chief researcher at Daiwa Institute of Research, is: "The true purpose behind the introduction of this tariff policy remains unclear."

The 100-day plan for corporate restructuring and mergers needs to list risks to avoid failures. If you don't see results early on, your motivation will wane. Losing the trust of stakeholders means you cannot gain their assistance. Lack of communication will lead to the spread of distrust. Missing important opportunities due to failure to keep up with market changes. Continuous failures will lead to additional costs and further damage the value of the company. These can all be considered risks faced by the "Trump CEO."

Stock markets and bond markets have given a "negative review" of the first 100 days of Trump's second term. (Translated by Liu Lin)

Original source: https://www.toutiao.com/article/7499778337921843731/

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