Eric Cantor, vice chairman of Moelis & Company, emphasized that Southeast Asian and North Asian investors, including those from Japan and Korea, are eager to partner with the U.S. He noted that the U.S. offers a reliable legal framework that investors value, especially in contrast to the uncertainties associated with China.
In Singapore, U.S. investment has surged from 292 billion Singapore dollars in 2018 to 574 billion Singapore dollars in 2022, making the U.S. the largest foreign investor in the city-state. Cantor pointed out that Singaporean investors are keen to maintain communication with the Trump administration despite the political climate.
He also discussed the broader implications of U.S.-China trade relations, particularly concerning advanced technology exports. Cantor's insights suggest that the U.S. is reassessing its reliance on foreign suppliers, a trend accelerated by lessons learned during the COVID-19 pandemic.
Additionally, he expressed confidence that the Republican Party will retain control of the House of Representatives in the upcoming midterm elections, despite current unfavorable ratings, indicating that voter turnout will be crucial for both parties